Atherton Restaurant Systems, Inc
How we got $5.4M
Based on its 205 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 29% 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 |
|---|---|---|
| ATHERTON RESTAURANT SYSTEMS, INC this business | $22.9M | — |
| Velvet Taco Tulsa | $1.7M | 0.0 mi |
| Whataburger Tulsa | $1.7M | 0.0 mi |
| Ava June Tulsa | $1.7M | 0.0 mi |
| PALACE CAFE LLC Tulsa · 26 employees | $2.1M | 0.0 mi |
| PRARIE FIRE PIE, LLC Tulsa · 11 employees | $1.4M | 0.0 mi |
| LoFi Tulsa | $1.7M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 205 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.5M |
| Estimate: the two combined (geometric mean) | $22.9M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.7M |
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 | $5.4M |
| Multiple for this size and industry | 3.2× |
| Value range | $2.8M – $7.4M |
| Revenue range | $15.0M – $26.1M |
| EBITDA range | $1.1M – $1.9M |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
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
- BankingValliance 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 Roles are as stated there and may be out of date.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
| Valliance Bank PPP 2020 | All 439 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $687K | 205 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Atherton Restaurant Systems, Inc
Atherton Restaurant Systems, Inc is a restaurants company in Tulsa, Oklahoma. It is owned by J Thomas Atherton (Sole Principal). Its estimated annual revenue is about $22.9M, with roughly $1.7M of EBITDA. It has about 205 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Atherton Restaurant Systems, Inc?
- Atherton Restaurant Systems, Inc is owned by J Thomas Atherton (Sole Principal), according to public sources such as the company's website or filings.
- How much revenue does Atherton Restaurant Systems, Inc make?
- SeeBITDA estimates Atherton Restaurant Systems, Inc's annual revenue at about $22.9M (likely between $15.0M and $26.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Atherton Restaurant Systems, Inc worth?
- About $5.4M, roughly 3.2× its estimated EBITDA of $1.7M, typical for a restaurants company its size. Likely range: $2.8M–$7.4M.
- How many employees does Atherton Restaurant Systems, Inc have?
- About 205, as reported on its PPP loan.