Toner Refill Inc
How we got $409K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 31 years (since 1995)
From public records and the company's website, not a statement that it's for sale.
What they do
Toner Refill Inc sells refilled and new toner, ink cartridges, MICR check-printing cartridges, belts, drums and parts for printers and copiers, according to TonerRefill.com. It says it has about 8,000 machines available and will try to source models not listed.
From the company's website. Industry: Office Equipment Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Brother · brand it sells or installs
- Canon · brand it sells or installs
- Dell · brand it sells or installs
- HP - Hewlett Packard · brand it sells or installs
- IBM · brand it sells or installs
- Lexmark · brand it sells or installs
- Pitney Bowes · brand it sells or installs
- Ricoh · brand it sells or installs
- Samsung · brand it sells or installs
- Sharp · brand it sells or installs
- Xerox · brand it sells or installs
Estimated value over time
▲ 23% 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 |
|---|---|---|
| TONER REFILL INC this business | $2.3M | — |
| MONARCH PROPERTY GROUP, LLC Oklahoma City · 2 employees | $1.7M | 1.7 mi |
| MISTELEE INC Oklahoma City · 6 employees | $1.2M | 2.7 mi |
| M WILSON ENTERPRISES INC Nichols Hills · 12 employees | $2.4M | 3.9 mi |
| XCEL OFFICE SOLUTIONS LLC Oklahoma City · 18 employees | $12.3M | 4.9 mi |
| DAVENPORT ENTERPRISES INC Oklahoma City · 4 employees | $2.9M | 5.1 mi |
| PAINT N STATION, LLC Oklahoma City · 4 employees | $1.9M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $205K |
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 | $409K |
| Multiple for this size and industry | 2× |
| Value range | $215K – $560K |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $135K – $233K |
| Industry (NAICS) | Office Equipment Merchant Wholesalers (423420) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Toner Refill is a locally owned and owner operated company located in Oklahoma City since 1995!”
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $26K | 4 |
| 1/20/2021 | second | $27K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Toner Refill Inc
Toner Refill Inc is an office equipment merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1995. Its estimated annual revenue is about $2.3M, with roughly $205K of EBITDA. It has about 4 employees. Its estimated business value is $409K (likely range $215K–$560K).
Common questions
- Who owns Toner Refill Inc?
- The owner of Toner Refill 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 Toner Refill Inc make?
- SeeBITDA estimates Toner Refill Inc's annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Toner Refill Inc worth?
- About $409K, roughly 2× its estimated EBITDA of $205K, typical for a office equipment merchant wholesalers company its size. Likely range: $215K–$560K.
- How many employees does Toner Refill Inc have?
- About 4, as reported on its PPP loan.
- When was Toner Refill Inc founded?
- Toner Refill Inc has been in business since 1995.