Hardware Operating Company
How we got $4.4M
Based on its 41 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 41% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HARDWARE OPERATING COMPANY this business | $13.8M | — |
| C BAR 2 LLC Kinta · 2 employees | $1.2M | 9.9 mi |
| STIGLER HOME CENTER INC Stigler · 11 employees | $4.8M | 19.7 mi |
| Benjamin Moore Mcalester | $4.0M | 24.1 mi |
| Sherwin-Williams Mcalester | $4.0M | 24.1 mi |
| CATHEY & ASSOCIATES, L.L.C. Mcalester · 14 employees | $6.7M | 24.3 mi |
| WARNER HARDWARE LLC Warner · 9 employees | $3.8M | 26.0 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.5M |
| Estimate: the two combined (geometric mean) | $13.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.4M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.3M – $6.1M |
| Revenue range | $9.1M – $15.8M |
| EBITDA range | $812K – $1.4M |
| Industry (NAICS) | Building material and supplies dealers (444130) |
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
Advisors
- BankingThe First National Bank of Fort SmithPPP / 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 Roles are as stated there and may be out of date.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 First National Bank of Fort Smith PPP 2020 | All 252 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $168K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hardware Operating Company
Hardware Operating Company is a building material and supplies dealers company in Quinton, Oklahoma. It is owned by Chris Hoag (Principal). Its estimated annual revenue is about $13.8M, with roughly $1.2M of EBITDA. It has about 41 employees. Its estimated business value is $4.4M (likely range $2.3M–$6.1M).
Common questions
- Who owns Hardware Operating Company?
- Hardware Operating Company is owned by Chris Hoag (Principal), according to public sources such as the company's website or filings.
- How much revenue does Hardware Operating Company make?
- SeeBITDA estimates Hardware Operating Company's annual revenue at about $13.8M (likely between $9.1M and $15.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hardware Operating Company worth?
- About $4.4M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a building material and supplies dealers company its size. Likely range: $2.3M–$6.1M.
- How many employees does Hardware Operating Company have?
- About 41, as reported on its PPP loan.