Better Sound Hearing Aid Service
How we got $2.5M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▼ 94% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $9.3M |
| 2020 | Form 5500 | 2 | $600K |
| 2021 | Form 5500 | 2 | $600K |
| 2022 | Form 5500 | 2 | $600K |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BETTER SOUND HEARING AID SERVICE this business | $13.5M | — |
| GADDY'S DISCOUNT DRUG Muskogee · 13 employees | $8.3M | 0.4 mi |
| ERNIE'S PHARMACY & WELLNESS CENTER, INC. Muskogee · 18 employees | $11.1M | 0.8 mi |
| HUNTER'S GREEN COUNTRY PHARMACY, LLC Muskogee · 2 employees | $2.4M | 1.3 mi |
| HEALTH BIZ Muskogee · 3 employees | $947K | 2.7 mi |
| ECONOMY PHARMACY, INC Muskogee · 82 employees | $47.7M | 2.8 mi |
| LMP ENTERPRISES INC Muskogee · 2 employees | $1.3M | 3.3 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.0M |
| Estimate: the two combined (geometric mean) | $13.5M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $838K |
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 | $2.5M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.4M |
| Revenue range | $8.9M – $15.4M |
| EBITDA range | $551K – $955K |
| 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
People & advisors
Advisors
- BankingArmstrong 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
| Armstrong Bank PPP 2020, PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $245K | 31 |
| 1/31/2021 | second | $245K | 31 |
3 locations
| 1601 W OKMULGEE ST | Muskogee | This listing |
| 807 E A St Ste 117 | Jenks | View |
| 9045 N 121st East Ave Ste 1100 | Owasso | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Better Sound Hearing Aid Service
Better Sound Hearing Aid Service is a retail trade company in Muskogee, Oklahoma. It is owned by Steve M. Dyke. Its estimated annual revenue is about $13.5M, with roughly $838K of EBITDA. It has about 2 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M). It has 3 locations.
Common questions
- Who owns Better Sound Hearing Aid Service?
- Better Sound Hearing Aid Service is owned by Steve M. Dyke, according to public sources such as the company's website or filings.
- How much revenue does Better Sound Hearing Aid Service make?
- SeeBITDA estimates Better Sound Hearing Aid Service's annual revenue at about $13.5M (likely between $8.9M and $15.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Better Sound Hearing Aid Service worth?
- About $2.5M, roughly 3× its estimated EBITDA of $838K, typical for a retail trade company its size. Likely range: $1.3M–$3.4M.
- How many employees does Better Sound Hearing Aid Service have?
- About 2, from its 2022 retirement-plan filing.