True Colours, Inc.
How we got $2.3M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 4% 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 |
|---|---|---|
| TRUE COLOURS, INC. this business | $1.5M | — |
| H2 SERVICES LLC Guthrie · 32 employees | $9.5M | 23.6 mi |
| JKDC INVESTMENTS LLC Guthrie · 5 employees | $906K | 26.6 mi |
| ALL 4 FUN Edmond · 2 employees | $787K | 36.2 mi |
| MADISON MEDICAL, LLC Fairfax · 36 employees | $10.1M | 37.5 mi |
| OKLAHOMA ADVANTAGE STOREHOUSE LLC Fairfax · 2 employees | $864K | 37.5 mi |
| OKC TENTS AND MOORE Edmond · 8 employees | $1.8M | 37.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $994K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 41% |
| EBITDA = revenue × margin | $595K |
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 | $2.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.2M – $3.1M |
| Revenue range | $963K – $1.7M |
| EBITDA range | $391K – $678K |
| Industry (NAICS) | Recreational Goods Rental (532284) |
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
Advisors
- BankingArvest Bank, Blue Sky 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
| Blue Sky Bank 7(a) 2020 | All 430 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 | $53K | 6 |
Public records
| Dec 2019 | 7(a) | $100K |
| Dec 2019 | 7(a) | $280K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About True Colours, Inc.
True Colours, Inc. is a recreational goods rental company in Stillwater, Oklahoma. Its estimated annual revenue is about $1.5M, with roughly $595K of EBITDA. It has about 6 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns True Colours, Inc.?
- The owner of True Colours, 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 True Colours, Inc. make?
- SeeBITDA estimates True Colours, Inc.'s annual revenue at about $1.5M (likely between $963K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is True Colours, Inc. worth?
- About $2.3M, roughly 3.8× its estimated EBITDA of $595K, typical for a recreational goods rental company its size. Likely range: $1.2M–$3.1M.
- How many employees does True Colours, Inc. have?
- About 6, as reported on its PPP loan.