Bodean Seafood
How we got $1.5M
Based on its 55 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Bodean is a seafood restaurant and market in Tulsa, Oklahoma, offering dinner service, a cocktail lounge, and a market selling fresh fish, shellfish, prepared foods, breads and gourmet items.
From the company's website. Industry: Restaurants.
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 |
|---|---|---|
| BODEAN SEAFOOD this business | $6.5M | — |
| TIP INC Tulsa · 20 employees | $1.7M | 0.1 mi |
| Mario's New York Style Pizzeria Tulsa | $1.7M | 0.1 mi |
| Starbucks Tulsa | $1.7M | 0.1 mi |
| Crawpappy's Bar and Grill Tulsa | $1.7M | 0.1 mi |
| Panera Bread Tulsa | $1.7M | 0.1 mi |
| Apple Barrel Cafe - Midtown Tulsa | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.5M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $585K |
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 | $1.5M |
| Multiple for this size and industry | 2.6× |
| Value range | $801K – $2.1M |
| Revenue range | $4.3M – $7.4M |
| EBITDA range | $385K – $667K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingVast Bank, National AssociationPPP / 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 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 | $347K | 55 |
| 1/26/2021 | second | $486K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bodean Seafood
Bodean Seafood is a restaurants company in Tulsa, Oklahoma, in business since 2004. Its estimated annual revenue is about $6.5M, with roughly $585K of EBITDA. It has about 55 employees. Its estimated business value is $1.5M (likely range $801K–$2.1M).
Common questions
- Who owns Bodean Seafood?
- The owner of Bodean Seafood 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 Bodean Seafood make?
- SeeBITDA estimates Bodean Seafood's annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bodean Seafood worth?
- About $1.5M, roughly 2.6× its estimated EBITDA of $585K, typical for a restaurants company its size. Likely range: $801K–$2.1M.
- How many employees does Bodean Seafood have?
- About 55, as reported on its PPP loan.
- When was Bodean Seafood founded?
- Bodean Seafood has been in business since 2004.