Thayer Upholstery Inc
How we got $1.0M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 38% 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.
What we know
Signs of a sale Some signs of a sale
- In business 71 years (since 1955)
From public records and the company's website, not a statement that it's for sale.
What they do
Thayer Furniture (Thayer Upholstery) builds custom furniture and provides upholstery and heirloom restoration for homeowners and interior designers in Tulsa, Oklahoma, with its upholstery workroom based in Muskogee.
From the company's website. Industry: Reupholstery and Furniture Repair.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THAYER UPHOLSTERY INC this business | $2.8M | — |
| LANCASTER CUSTOM CYCLES & POWERSPORTS LLC Wagoner · 2 employees | $353K | 14.9 mi |
| LUXURY LAWNS INC Coweta · 1 employees | $245K | 19.7 mi |
| OWENS SERVICE & REPAIR LLC Tahlequah · 1 employees | $205K | 22.3 mi |
| BUGCO LLC Checotah · 1 employees | $240K | 23.2 mi |
| TULSA TURNOUT GEAR REPAIR LLC Broken Arrow · 1 employees | $243K | 25.7 mi |
| DUSTIN CARTER Broken Arrow · 1 employees | $391K | 25.9 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.2M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $346K |
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 | $1.0M |
| Multiple for this size and industry | 3× |
| Value range | $546K – $1.4M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $228K – $394K |
| Industry (NAICS) | Reupholstery and Furniture Repair (811420) |
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: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“For four generations, Thayer Furniture has served Tulsa, Oklahoma with custom furniture, upholstery, and heirloom restoration.”
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $108K | 15 |
| 1/20/2021 | second | $112K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Thayer Upholstery Inc
Thayer Upholstery Inc is a reupholstery and furniture repair company in Muskogee, Oklahoma, in business since 1955. It is owned by Greg Thayer (President). Its estimated annual revenue is about $2.8M, with roughly $346K of EBITDA. It has about 17 employees. Its estimated business value is $1.0M (likely range $546K–$1.4M).
Common questions
- Who owns Thayer Upholstery Inc?
- Thayer Upholstery Inc is owned by Greg Thayer (President), according to public sources such as the company's website or filings.
- How much revenue does Thayer Upholstery Inc make?
- SeeBITDA estimates Thayer Upholstery Inc's annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thayer Upholstery Inc worth?
- About $1.0M, roughly 3× its estimated EBITDA of $346K, typical for a reupholstery and furniture repair company its size. Likely range: $546K–$1.4M.
- How many employees does Thayer Upholstery Inc have?
- About 17, as reported on its PPP loan.
- When was Thayer Upholstery Inc founded?
- Thayer Upholstery Inc has been in business since 1955.