Second Image, Inc
How we got $2.5M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 47% 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 |
|---|---|---|
| SECOND IMAGE, INC this business | $9.3M | — |
| POE BOY FLEMING AUTO SALVAGE INC Catoosa · 9 employees | $8.3M | 0.5 mi |
| DAVCO, L.L.C Catoosa · 1 employees | $856K | 1.9 mi |
| SECURITY CENTERS INC Catoosa · 18 employees | $14.4M | 3.4 mi |
| ALLSTATE AUTO SALVAGE INC. Tulsa · 1 employees | $759K | 6.0 mi |
| B&R AUTO SALES & SALVAGE, INC Tulsa · 1 employees | $1.6M | 6.1 mi |
| BILL RYAN MOTOR COMPANY, INC. Tulsa · 1 employees | $841K | 6.1 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.2M |
| Estimate: the two combined (geometric mean) | $9.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $685K |
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 | $2.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.3M – $3.4M |
| Revenue range | $6.1M – $10.6M |
| EBITDA range | $450K – $781K |
| Industry (NAICS) | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (423940) |
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
- BankingBank of CommercePPP / 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 Roles are as stated there and may be out of date.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
| Bank of Commerce PPP 2020 | All 308 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 | $42K | 5 |
About Second Image, Inc
Second Image, Inc is a jewelry, watch, precious stone, and precious metal merchant wholesalers company in Catoosa, Oklahoma. Its estimated annual revenue is about $9.3M, with roughly $685K of EBITDA. It has about 5 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M).
Common questions
- Who owns Second Image, Inc?
- The owner of Second Image, 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 Second Image, Inc make?
- SeeBITDA estimates Second Image, Inc's annual revenue at about $9.3M (likely between $6.1M and $10.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Second Image, Inc worth?
- About $2.5M, roughly 3.6× its estimated EBITDA of $685K, typical for a jewelry, watch, precious stone, and precious metal merchant wholesalers company its size. Likely range: $1.3M–$3.4M.
- How many employees does Second Image, Inc have?
- About 5, as reported on its PPP loan.