Buchanan Bicycles, Inc.
How we got $426K
Based on its 5 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 53 years (since 1973)
- Changed hands recently (SBA-financed purchase, FY2022)
From public records and the company's website, not a statement that it's for sale.
What they do
Buchanan Bicycles is a bike shop in Norman, OK, serving riders since 1973 with bicycles, custom builds, repairs and maintenance. It states the world's best bicycle brands are sold at competitive prices.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 16% 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 |
|---|---|---|
| BUCHANAN BICYCLES, INC. this business | $1.9M | — |
| NORMAN MUSIC CENTER, INC. Norman · 5 employees | $1.5M | 0.6 mi |
| TWO UNRAVELLED CHICKS & A LLAMA LLC Norman · 8 employees | $2.6M | 1.5 mi |
| OK RUNNER INC Norman · 13 employees | $4.1M | 3.2 mi |
| OK RUNNERS, INC Norman · 15 employees | $4.4M | 3.2 mi |
| RED RIVER PIPE ORGAN CO., LLC Norman · 3 employees | $1.2M | 3.5 mi |
| JS USA LLC Norman · 2 employees | $1.2M | 3.8 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $213K |
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 | $426K |
| Multiple for this size and industry | 2× |
| Value range | $224K – $582K |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $140K – $243K |
| Industry (NAICS) | Retail Trade (451120) |
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
- BankingThe Pauls Valley National Bank, BancFirstPPP / 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
| BancFirst 7(a) 2022 | All 7,048 borrowers → |
| The Pauls Valley National Bank PPP 2020 | All 172 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $32K | 5 |
Public records
| Mar 2022 | 7(a) | $360K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Buchanan Bicycles, Inc.
Buchanan Bicycles, Inc. is a retail trade company in Norman, Oklahoma, in business since 1973. Its estimated annual revenue is about $1.9M, with roughly $213K of EBITDA. It has about 5 employees. Its estimated business value is $426K (likely range $224K–$582K).
Common questions
- Who owns Buchanan Bicycles, Inc.?
- The owner of Buchanan Bicycles, 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 Buchanan Bicycles, Inc. make?
- SeeBITDA estimates Buchanan Bicycles, Inc.'s annual revenue at about $1.9M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Buchanan Bicycles, Inc. worth?
- About $426K, roughly 2× its estimated EBITDA of $213K, typical for a retail trade company its size. Likely range: $224K–$582K.
- How many employees does Buchanan Bicycles, Inc. have?
- About 5, as reported on its PPP loan.
- When was Buchanan Bicycles, Inc. founded?
- Buchanan Bicycles, Inc. has been in business since 1973.