Workspace Resource, Inc.
How we got $1.1M
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 Likely to sell
- In business 40 years (since 1986)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Workspace Resource is a commercial furniture dealer in Tulsa, OK offering full-service furniture design, planning, installation and related services. It states it serves its clients by putting the best lines of furniture from elite industry manufacturers into all types of spaces.
From the company's website. Industry: Other Building Finishing Contractors.
Customers & suppliers
Customers
- Oral Roberts University · named on its website
- Tulsa Community College · named on its website
- Cimarex Midland · named on its website
- Highlands Oncology Group · named on its website
- Santa Fe Charter · named on its website
- Tulsa Bone & Joint · named on its website
- The McKnight Center · named on its website
- Hotel Indigo · named on its website
- St. Vitus · named on its website
- Forest Ridge · named on its website
- Utica Park Clinic · named on its website
Suppliers & brands
- Haworth · brand it sells or installs
Estimated value over time
▲ 24% 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
▲ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $2.4M |
| 2020 | Form 5500 | 17 | $3.4M |
| 2021 | Form 5500 | 16 | $3.2M |
| 2022 | Form 5500 | 19 | $3.8M |
| 2023 | Form 5500 | 16 | $3.2M |
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 |
|---|---|---|
| WORKSPACE RESOURCE, INC. this business | $4.4M | — |
| MIDWEST MARBLE CO. Tulsa · 16 employees | $5.5M | 1.0 mi |
| KC WOODWORK AND FIXTURE, INC. Tulsa · 9 employees | $2.5M | 1.2 mi |
| SANTIAGO PAINTING, LLC Tulsa · 5 employees | $1.6M | 1.3 mi |
| WOODMASTER'S CABINETRY & MILLWORK CO. Tulsa · 5 employees | $1.6M | 1.6 mi |
| DRYWALL REPAIR SPECIALISTS, INC. Tulsa · 6 employees | $4.1M | 1.7 mi |
| ACE STRIPING & SEAL COAT Tulsa · 9 employees | $1.6M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.5M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $461K |
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 | $1.1M |
| Multiple for this size and industry | 2.3× |
| Value range | $558K – $1.5M |
| Revenue range | $2.9M – $5.0M |
| EBITDA range | $303K – $525K |
| Industry (NAICS) | Other Building Finishing Contractors (238390) |
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
People & advisors
Advisors
- BankingVast Bank, National AssociationPPP / 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $158K | 12 |
| 1/21/2021 | second | $158K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Workspace Resource, Inc.
Workspace Resource, Inc. is an other building finishing contractors company in Tulsa, Oklahoma, in business since 1986. It is owned by Roger Rodich (Owner and CEO). Its estimated annual revenue is about $4.4M, with roughly $461K of EBITDA. It has about 16 employees. Its estimated business value is $1.1M (likely range $558K–$1.5M).
Common questions
- Who owns Workspace Resource, Inc.?
- Workspace Resource, Inc. is owned by Roger Rodich (Owner and CEO), according to public sources such as the company's website or filings.
- How much revenue does Workspace Resource, Inc. make?
- SeeBITDA estimates Workspace Resource, Inc.'s annual revenue at about $4.4M (likely between $2.9M and $5.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Workspace Resource, Inc. worth?
- About $1.1M, roughly 2.3× its estimated EBITDA of $461K, typical for a other building finishing contractors company its size. Likely range: $558K–$1.5M.
- How many employees does Workspace Resource, Inc. have?
- About 16, from its 2023 retirement-plan filing.
- When was Workspace Resource, Inc. founded?
- Workspace Resource, Inc. has been in business since 1986.
- Is Workspace Resource, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); no family successor named on its website.