Bill and Ruth's Submarine Shop Inc
How we got $159K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Bill & Ruth's Submarine Shops is a sandwich and food shop in Tulsa, OK, offering take-out and delivery. The page describes serving a variety of food such as gyros, Philly steak and cheese, and spaghetti and meatballs.
From the company's website. Industry: Restaurants.
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 |
|---|---|---|
| BILL AND RUTH'S SUBMARINE SHOP INC this business | $807K | — |
| Bill & Ruth's at OU-Tulsa Tulsa | $1.7M | 0.0 mi |
| McDonald's Tulsa | $1.7M | 0.2 mi |
| Camille's Sidewalk Cafe Tulsa | $1.7M | 0.2 mi |
| Smoothie King Tulsa | $1.7M | 0.2 mi |
| Puck's Sports Bar & Grill Tulsa | $1.7M | 0.2 mi |
| Cinnabon at Schlotzsky's Tulsa | $1.7M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $691K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $725K |
| Estimate: the two combined (geometric mean) | $807K |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $88K |
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 | $159K |
| Multiple for this size and industry | 1.8× |
| Value range | $83K – $217K |
| Revenue range | $531K – $920K |
| EBITDA range | $58K – $101K |
| 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
- BankingFirst Bank of OwassoPPP / 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 Bank of Owasso PPP 2020, PPP 2021 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $20K | 6 |
| 1/16/2021 | second | $28K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bill and Ruth's Submarine Shop Inc
Bill and Ruth's Submarine Shop Inc is a restaurants company in Tulsa, Oklahoma, in business since 2024. Its estimated annual revenue is about $807K, with roughly $88K of EBITDA. It has about 6 employees. Its estimated business value is $159K (likely range $83K–$217K).
Common questions
- Who owns Bill and Ruth's Submarine Shop Inc?
- The owner of Bill and Ruth's Submarine Shop 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 Bill and Ruth's Submarine Shop Inc make?
- SeeBITDA estimates Bill and Ruth's Submarine Shop Inc's annual revenue at about $807K (likely between $531K and $920K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bill and Ruth's Submarine Shop Inc worth?
- About $159K, roughly 1.8× its estimated EBITDA of $88K, typical for a restaurants company its size. Likely range: $83K–$217K.
- How many employees does Bill and Ruth's Submarine Shop Inc have?
- About 6, as reported on its PPP loan.
- When was Bill and Ruth's Submarine Shop Inc founded?
- Bill and Ruth's Submarine Shop Inc has been in business since 2024.