Better Spirits
How we got $207K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 46% 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 |
|---|---|---|
| BETTER SPIRITS this business | $1.5M | — |
| HINTON WINE & SPIRITS Hinton · 2 employees | $1.4M | 31.0 mi |
| DURHAM GROUP LLC Newcastle · 16 employees | $5.1M | 39.5 mi |
| MSC - SPIRITS LLC Norman · 15 employees | $5.7M | 40.6 mi |
| LUG-A-JUG PACKAGE STORE Weatherford · 1 employees | $708K | 41.1 mi |
| EARLYWINE CELLAR & SPIRITS Oklahoma City · 4 employees | $2.0M | 44.4 mi |
| MIJA KIM Oklahoma City · 2 employees | $848K | 47.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $855K |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $103K |
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 | $207K |
| Multiple for this size and industry | 2× |
| Value range | $109K – $283K |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $68K – $118K |
| Industry (NAICS) | Beer, Wine, and Liquor Retailers (445310) |
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
- BankingFirst State 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 Roles are as stated there and may be out of date.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
| First State Bank PPP 2020 | All 268 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $6K | 4 |
About Better Spirits
Better Spirits is a beer, wine, and liquor retailers company in Anadarko, Oklahoma. Its estimated annual revenue is about $1.5M, with roughly $103K of EBITDA. It has about 4 employees. Its estimated business value is $207K (likely range $109K–$283K).
Common questions
- Who owns Better Spirits?
- The owner of Better Spirits 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 Better Spirits make?
- SeeBITDA estimates Better Spirits's annual revenue at about $1.5M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Better Spirits worth?
- About $207K, roughly 2× its estimated EBITDA of $103K, typical for a beer, wine, and liquor retailers company its size. Likely range: $109K–$283K.
- How many employees does Better Spirits have?
- About 4, as reported on its PPP loan.