Apertures, Inc.
How we got $110K
Based on its 2 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Apertures Photo is a locally owned and operated photography business in Tulsa, OK, since 1990, offering film processing, printing, scanning, restoration, and multi-use studio rental space for photography and videography communities.
From the company's website. Industry: Retail Trade.
Customers & suppliers
Suppliers & brands
- Savage · brand it sells or installs
Estimated value over time
▼ 13% 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 |
|---|---|---|
| APERTURES, INC. this business | $654K | — |
| TAZZ CELLULAR LLC Tulsa · 1 employees | $301K | 1.2 mi |
| TREASURE ELECTRONICS INC Tulsa · 5 employees | $1.9M | 2.1 mi |
| AUDIO ADVICE INC Tulsa · 12 employees | $5.3M | 2.9 mi |
| COMBINED TECHNOLOGY INC Tulsa · 6 employees | $2.5M | 3.1 mi |
| KITCHEN IDEAS LLC Tulsa · 3 employees | $1.6M | 3.7 mi |
| DATA NETWORK RESOURCES CORP Tulsa · 1 employees | $361K | 3.9 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $637K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $517K |
| Estimate: the two combined (geometric mean) | $654K |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $55K |
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 | $110K |
| Multiple for this size and industry | 2× |
| Value range | $58K – $150K |
| Revenue range | $430K – $746K |
| EBITDA range | $36K – $63K |
| Industry (NAICS) | Retail Trade (443142) |
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: approximate sector default. 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
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $9K | 2 |
| 3/17/2021 | second | $9K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Apertures, Inc.
Apertures, Inc. is a retail trade company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $654K, with roughly $55K of EBITDA. It has about 2 employees. Its estimated business value is $110K (likely range $58K–$150K).
Common questions
- Who owns Apertures, Inc.?
- The owner of Apertures, 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 Apertures, Inc. make?
- SeeBITDA estimates Apertures, Inc.'s annual revenue at about $654K (likely between $430K and $746K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Apertures, Inc. worth?
- About $110K, roughly 2× its estimated EBITDA of $55K, typical for a retail trade company its size. Likely range: $58K–$150K.
- How many employees does Apertures, Inc. have?
- About 2, as reported on its PPP loan.
- When was Apertures, Inc. founded?
- Apertures, Inc. has been in business since 1998.