Bar 115 Inc.
How we got $993K
Based on 74 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 26% 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 |
|---|---|---|
| BAR 115 INC. this business | $4.8M | — |
| The Station Sports Bar & Grill Ardmore | $463K | 0.2 mi |
| Mad Jack's Blackroom Bar Ardmore | $463K | 0.2 mi |
| NEW CADDO LLC Ardmore · 4 employees | $682K | 0.3 mi |
| The Dew Drop Inn Ardmore | $463K | 0.3 mi |
| Virgie's 12th Street Pub Ardmore | $463K | 1.0 mi |
| Coop's on Commerce Ardmore | $463K | 1.2 mi |
The full calculation
| Employees reported to the SBA | 74 |
| Industry revenue per employee | $65K |
| Revenue = employees × revenue per employee | $4.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $432K |
| Cross-check: revenue implied by PPP payroll | $362K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 2% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $993K |
| Multiple for this size and industry | 2.3× |
| Value range | $556K – $1.7M |
| Revenue range | $3.4M – $6.7M |
| EBITDA range | $302K – $605K |
| Industry (NAICS) | Drinking Places (Alcoholic Beverages) (722410) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingCitizens Bank and Trust Company of ArdmorePPP / 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 Roles are as stated there and may be out of date.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
| Citizens Bank and Trust Company of Ardmore PPP 2020, PPP 2021 | All 181 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $21K | 4 |
| 1/16/2021 | second | $29K | 74 |
About Bar 115 Inc.
Bar 115 Inc. is a bars company in Ardmore, Oklahoma. Its estimated annual revenue is about $4.8M, with roughly $432K of EBITDA. It has about 74 employees. Its estimated business value is $993K (likely range $556K–$1.7M).
Common questions
- Who owns Bar 115 Inc.?
- The owner of Bar 115 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 Bar 115 Inc. make?
- SeeBITDA estimates Bar 115 Inc.'s annual revenue at about $4.8M (likely between $3.4M and $6.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bar 115 Inc. worth?
- About $993K, roughly 2.3× its estimated EBITDA of $432K, typical for a bars company its size. Likely range: $556K–$1.7M.
- How many employees does Bar 115 Inc. have?
- About 74, as reported on its PPP loan.