405 Tutoring LLC
How we got $265K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
405 Tutoring, owned and operated by Preston Hartman, offers group, private and exam review tutoring for college-level accounting and finance courses, mainly business courses at the University of Oklahoma.
From the company's website. Industry: Exam Preparation and Tutoring.
Estimated value over time
▲ 11% 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 |
|---|---|---|
| 405 TUTORING LLC this business | $418K | — |
| TutorPUG Norman | $681K | 0.1 mi |
| The Princeton Review Norman | $681K | 0.4 mi |
| CONAN'S KICKBOXING KARATE BOXING ACADEMY, INC. Norman · 1 employees | $189K | 0.5 mi |
| OIL & CLAY, LLC Norman · 2 employees | $287K | 0.6 mi |
| Summer Path 2 Math Norman | $681K | 0.7 mi |
| LRC, LLC Norman · 63 employees | $3.3M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $280K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $481K |
| Estimate: the two combined (geometric mean) | $418K |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $102K |
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 | $265K |
| Multiple for this size and industry | 2.6× |
| Value range | $140K – $363K |
| Revenue range | $275K – $477K |
| EBITDA range | $67K – $116K |
| Industry (NAICS) | Exam Preparation and Tutoring (611691) |
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
People & advisors
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $15K | 2 |
| 1/26/2021 | second | $21K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About 405 Tutoring LLC
405 Tutoring LLC is an exam preparation and tutoring company in Norman, Oklahoma, in business since 2020. It is owned by Preston Hartman. Its estimated annual revenue is about $418K, with roughly $102K of EBITDA. It has about 2 employees. Its estimated business value is $265K (likely range $140K–$363K).
Common questions
- Who owns 405 Tutoring LLC?
- 405 Tutoring LLC is owned by Preston Hartman, according to public sources such as the company's website or filings.
- How much revenue does 405 Tutoring LLC make?
- SeeBITDA estimates 405 Tutoring LLC's annual revenue at about $418K (likely between $275K and $477K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is 405 Tutoring LLC worth?
- About $265K, roughly 2.6× its estimated EBITDA of $102K, typical for a exam preparation and tutoring company its size. Likely range: $140K–$363K.
- How many employees does 405 Tutoring LLC have?
- About 2, as reported on its PPP loan.
- When was 405 Tutoring LLC founded?
- 405 Tutoring LLC has been in business since 2020.