Warehouse Market, Inc.
How we got $21.4M
Based on its 234 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 26 years (since 2000)
- Founder still runs it after 26 years
- Headcount down 22% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Doc's Food Stores · Jan 2020A Sapulpa Times article says Warehouse Market was purchased by Doc's Food Stores in 2020, and the former Warehouse Market store later changed names.Source
Estimated value over time
▲ 33% 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
▼ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 234 | $63.9M |
| 2020 | Form 5500 | 213 | $58.2M |
| 2021 | Form 5500 | 141 | $38.5M |
| 2022 | Form 5500 | 206 | $56.3M |
| 2023 | Form 5500 | 206 | $56.3M |
| 2024 | Form 5500 | 166 | $45.3M |
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 |
|---|---|---|
| WAREHOUSE MARKET, INC. this business | $110.5M | — |
| ATIP CORP Tulsa · 27 employees | $11.1M | 1.0 mi |
| OK ASIAN MARKET LLC Tulsa · 1 employees | $659K | 1.2 mi |
| UNION MART, INC. Tulsa · 4 employees | $1.9M | 2.1 mi |
| MINUTE MART INC. Tulsa · 9 employees | $4.2M | 3.0 mi |
| THE SHINE WAY LLC Tulsa · 1 employees | $536K | 3.1 mi |
| SLC INVESTMENT GROUP, LLC Tulsa · 20 employees | $6.0M | 3.4 mi |
The full calculation
| Employees reported to the SBA | 234 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $75.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $124.0M |
| Estimate: the two combined (geometric mean) | $110.5M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.9M |
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 | $21.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $11.3M – $29.3M |
| Revenue range | $72.7M – $126.0M |
| EBITDA range | $3.2M – $5.5M |
| Industry (NAICS) | Supermarkets and Other Grocery Retailers (except Convenience Retailers) (445110) |
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
- AccountingWest & Company, LLCAudits its 401(k) plan (2024 filing)
- BankingThe Exchange 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
| The Exchange Bank PPP 2020 | All 125 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $1.8M | 234 |
3 locations
| 6207 S PEORIA AVE Ste A | Tulsa | This listing |
| 6230 N Peoria Ave | Tulsa | View |
| Airway Shopping Center, 845 N Sheridan Rd | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Warehouse Market, Inc.
Warehouse Market, Inc. is a supermarkets and other grocery retailers (except convenience retailers) company in Tulsa, Oklahoma, in business since 2000. It is owned by Clint V. Cox (Founder). Its estimated annual revenue is about $110.5M, with roughly $4.9M of EBITDA. It has about 166 employees. Its estimated business value is $21.4M (likely range $11.3M–$29.3M). It has 3 locations.
Common questions
- Who owns Warehouse Market, Inc.?
- Warehouse Market, Inc. is owned by Clint V. Cox (Founder), according to public sources such as the company's website or filings.
- How much revenue does Warehouse Market, Inc. make?
- SeeBITDA estimates Warehouse Market, Inc.'s annual revenue at about $110.5M (likely between $72.7M and $126.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Warehouse Market, Inc. worth?
- About $21.4M, roughly 4.4× its estimated EBITDA of $4.9M, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $11.3M–$29.3M.
- How many employees does Warehouse Market, Inc. have?
- About 166, from its 2024 retirement-plan filing.
- When was Warehouse Market, Inc. founded?
- Warehouse Market, Inc. has been in business since 2000.
- Is Warehouse Market, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 26 years (since 2000); founder still runs it after 26 years; headcount down 22% since 2020 (retirement plan filings).