Armstrong Hearing Aid Center, Inc.
- Tamanda SharpClinician · Company website
- Shelley HavigAssociate Clinician · Company website
How we got $447K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 54% 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $1.2M |
| 2020 | Form 5500 | 3 | $900K |
| 2021 | Form 5500 | 4 | $1.2M |
| 2022 | Form 5500 | 4 | $1.2M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 66 years (since 1960)
From public records and the company's website, not a statement that it's for sale.
What they do
Armstrong Hearing Aid Center in Tulsa, OK offers hearing tests, hearing aid fitting and hearing aid services, with its stated focus on helping people hear better since 1960.
From the company's website. Industry: Retail Trade.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARMSTRONG HEARING AID CENTER, INC. this business | $2.7M | — |
| IRISHINGINE LLC Tulsa · 4 employees | $1.8M | 1.0 mi |
| BOB KEATHLEY OPTICIANS, L.L.C. Tulsa · 6 employees | $1.8M | 1.1 mi |
| PROVIDENCE RX, INC. Tulsa · 4 employees | $3.7M | 1.3 mi |
| BLACK SHEEP BOUTIQUE, LLC Tulsa · 6 employees | $2.3M | 1.4 mi |
| A-1 BEAUTY SUPPLY Tulsa · 3 employees | $1.4M | 1.5 mi |
| A.B.S. BEAUTY PRODUCTS, INC. Tulsa · 3 employees | $2.0M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $223K |
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 | $447K |
| Multiple for this size and industry | 2× |
| Value range | $235K – $611K |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $147K – $255K |
| Industry (NAICS) | Retail Trade (446199) |
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
History & advisors
“Armstrong Hearing Aid Center is passionate about hearing and serving Tulsa since 1960.”
Advisors
- BankingAVB 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
| AVB Bank PPP 2020, PPP 2021 | All 309 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $47K | 4 |
| 1/21/2021 | second | $59K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Armstrong Hearing Aid Center, Inc.
Armstrong Hearing Aid Center, Inc. is a retail trade company in Tulsa, Oklahoma, in business since 1960. Its estimated annual revenue is about $2.7M, with roughly $223K of EBITDA. It has about 4 employees. Its estimated business value is $447K (likely range $235K–$611K).
Common questions
- Who owns Armstrong Hearing Aid Center, Inc.?
- The owner of Armstrong Hearing Aid Center, 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 Armstrong Hearing Aid Center, Inc. make?
- SeeBITDA estimates Armstrong Hearing Aid Center, Inc.'s annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Armstrong Hearing Aid Center, Inc. worth?
- About $447K, roughly 2× its estimated EBITDA of $223K, typical for a retail trade company its size. Likely range: $235K–$611K.
- How many employees does Armstrong Hearing Aid Center, Inc. have?
- About 4, from its 2022 retirement-plan filing.
- When was Armstrong Hearing Aid Center, Inc. founded?
- Armstrong Hearing Aid Center, Inc. has been in business since 1960.