Phelps Iga, Inc.
How we got $2.9M
Based on its 55 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PHELPS IGA, INC. this business | $19.0M | — |
| BILLY B'S OF YALE OKLAHOMA LLC Mannford · 9 employees | $2.9M | 3.5 mi |
| HAPPY CORNER QUICK STOP, INC. Drumright · 6 employees | $3.6M | 7.8 mi |
| SHAMA INC Sapulpa · 2 employees | $1.0M | 15.7 mi |
| JMACT INVESTMENTS, LLC Sapulpa · 9 employees | $3.6M | 16.2 mi |
| TEEL CORNER INC Sapulpa · 3 employees | $2.0M | 16.6 mi |
| DAYAN, INC. Sand Springs · 2 employees | $1.4M | 17.3 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.7M |
| Estimate: the two combined (geometric mean) | $19.0M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $955K |
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 | $2.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.5M – $3.9M |
| Revenue range | $12.5M – $21.7M |
| EBITDA range | $628K – $1.1M |
| 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
History & advisors
Advisors
- BankingAmerican Heritage 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 Roles are as stated there and may be out of date.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
| American Heritage Bank PPP 2020 | All 446 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 | $217K | 55 |
About Phelps Iga, Inc.
Phelps Iga, Inc. is a supermarkets and other grocery retailers (except convenience retailers) company in Mannford, Oklahoma. Its estimated annual revenue is about $19.0M, with roughly $955K of EBITDA. It has about 55 employees. Its estimated business value is $2.9M (likely range $1.5M–$3.9M).
Common questions
- Who owns Phelps Iga, Inc.?
- The owner of Phelps Iga, 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 Phelps Iga, Inc. make?
- SeeBITDA estimates Phelps Iga, Inc.'s annual revenue at about $19.0M (likely between $12.5M and $21.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Phelps Iga, Inc. worth?
- About $2.9M, roughly 3× its estimated EBITDA of $955K, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $1.5M–$3.9M.
- How many employees does Phelps Iga, Inc. have?
- About 55, as reported on its PPP loan.