Tops & Stripes
How we got $628K
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 42% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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.
Employees over time
▼ 8% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $2.6M |
| 2020 | Form 5500 | 8 | $1.7M |
| 2021 | Form 5500 | 16 | $3.5M |
| 2022 | Form 5500 | 17 | $3.7M |
| 2023 | Form 5500 | 19 | $4.2M |
| 2024 | Form 5500 | 11 | $2.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TOPS & STRIPES this business | $5.2M | — |
| NAPA Auto Parts Enid | $2.3M | 0.1 mi |
| O'Reilly Auto Parts Enid | $2.3M | 0.8 mi |
| AutoZone Enid | $2.3M | 0.9 mi |
| ELITE COLLISION CENTER, LLC Enid · 6 employees | $2.6M | 1.2 mi |
| O'Reilly Auto Parts Enid | $2.3M | 1.9 mi |
| Best's Used Cars & Parts Inc Enid | $2.3M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.2M |
| Estimate: the two combined (geometric mean) | $5.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $262K |
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 | $628K |
| Multiple for this size and industry | 2.4× |
| Value range | $330K – $859K |
| Revenue range | $3.4M – $6.0M |
| EBITDA range | $172K – $298K |
| Industry (NAICS) | Automotive Parts, Accessories, and Tire Retailers (441310) |
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
People & advisors
Advisors
- BankingCleo State 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
| Cleo State Bank PPP 2020 | All 37 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 | $121K | 12 |
About Tops & Stripes
Tops & Stripes is an automotive parts, accessories, and tire retailers company in Enid, Oklahoma. Its estimated annual revenue is about $5.2M, with roughly $262K of EBITDA. It has about 11 employees. Its estimated business value is $628K (likely range $330K–$859K).
Common questions
- Who owns Tops & Stripes?
- The owner of Tops & Stripes 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 Tops & Stripes make?
- SeeBITDA estimates Tops & Stripes's annual revenue at about $5.2M (likely between $3.4M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tops & Stripes worth?
- About $628K, roughly 2.4× its estimated EBITDA of $262K, typical for a automotive parts, accessories, and tire retailers company its size. Likely range: $330K–$859K.
- How many employees does Tops & Stripes have?
- About 11, from its 2024 retirement-plan filing.