Madewell & Madewell, Inc
How we got $6.2M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Madewell & Madewell, Inc. recycles spent lead-acid batteries, buying them or processing them for reputable recyclers. It is located in Jones, Oklahoma.
From the company's website. Industry: Materials Recovery Facilities.
Estimated value over time
▲ 45% 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
▲ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $3.9M |
| 2020 | Form 5500 | 15 | $4.2M |
| 2021 | Form 5500 | 12 | $3.3M |
| 2022 | Form 5500 | 13 | $3.6M |
| 2023 | Form 5500 | 14 | $3.9M |
| 2024 | Form 5500 | 12 | $3.3M |
| 2025 | Form 5500 | 15 | $4.2M |
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 |
|---|---|---|
| MADEWELL & MADEWELL, INC this business | $10.1M | — |
| IRWIN SEPTIC LLC Okc · 8 employees | $2.1M | 6.5 mi |
| Irwin's Septic Tank Cleaning, Plumbing And Repair Oklahoma City | $2.4M | 6.6 mi |
| THE DUMP DEPOT, LLC Luther · 3 employees | $588K | 7.2 mi |
| C and L Septics Choctaw | $2.4M | 9.3 mi |
| RED EARTH ENVIRONMENTAL, INC. Edmond · 1 employees | $422K | 10.5 mi |
| WILLCO SEPTIC INC Choctaw · 5 employees | $1.4M | 11.5 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.9M |
| Estimate: the two combined (geometric mean) | $10.1M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.3M |
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 | $6.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.2M – $8.4M |
| Revenue range | $6.7M – $11.6M |
| EBITDA range | $863K – $1.5M |
| Industry (NAICS) | Materials Recovery Facilities (562920) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $248K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Madewell & Madewell, Inc
Madewell & Madewell, Inc is a materials recovery facilities company in Jones, Oklahoma, in business since 2001. It is owned by Carmalieta Wells (President). Its estimated annual revenue is about $10.1M, with roughly $1.3M of EBITDA. It has about 15 employees. Its estimated business value is $6.2M (likely range $3.2M–$8.4M).
Common questions
- Who owns Madewell & Madewell, Inc?
- Madewell & Madewell, Inc is owned by Carmalieta Wells (President), according to public sources such as the company's website or filings.
- How much revenue does Madewell & Madewell, Inc make?
- SeeBITDA estimates Madewell & Madewell, Inc's annual revenue at about $10.1M (likely between $6.7M and $11.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Madewell & Madewell, Inc worth?
- About $6.2M, roughly 4.7× its estimated EBITDA of $1.3M, typical for a materials recovery facilities company its size. Likely range: $3.2M–$8.4M.
- How many employees does Madewell & Madewell, Inc have?
- About 15, from its 2025 retirement-plan filing.
- When was Madewell & Madewell, Inc founded?
- Madewell & Madewell, Inc has been in business since 2001.