Spears Furniture, Inc
How we got $329K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 10% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPEARS FURNITURE, INC this business | $2.2M | — |
| MACK'S FURNITURE & APPLIANCE Cleveland · 8 employees | $4.3M | 19.1 mi |
| MATTRESS BARN LLC Stillwater · 2 employees | $822K | 20.0 mi |
| FENTON OFFICE SUPPLY CO Stillwater · 12 employees | $6.8M | 20.2 mi |
| BBC, INC Perry · 5 employees | $1.7M | 27.8 mi |
| DAVIS FURNITURE AND APPLIANCE, LLC Ponca City · 5 employees | $1.6M | 29.7 mi |
| BW FURNITURE LLC Sapulpa · 4 employees | $3.0M | 42.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $164K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $329K |
| Multiple for this size and industry | 2× |
| Value range | $173K – $450K |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $108K – $187K |
| Industry (NAICS) | Retail Trade (442110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingArmstrong BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Armstrong Bank PPP 2020 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $23K | 4 |
About Spears Furniture, Inc
Spears Furniture, Inc is a retail trade company in Pawnee, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $164K of EBITDA. It has about 4 employees. Its estimated business value is $329K (likely range $173K–$450K).
Common questions
- Who owns Spears Furniture, Inc?
- The owner of Spears Furniture, Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Spears Furniture, Inc make?
- SeeBITDA estimates Spears Furniture, Inc's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spears Furniture, Inc worth?
- About $329K, roughly 2× its estimated EBITDA of $164K, typical for a retail trade company its size. Likely range: $173K–$450K.
- How many employees does Spears Furniture, Inc have?
- About 4, as reported on its PPP loan.