Bullseye Operating LLC
How we got $64.8M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 31% 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
▼ 60% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 10 | $48.2M |
| 2020 | Form 5500 | 7 | $33.7M |
| 2021 | Form 5500 | 4 | $19.3M |
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BULLSEYE OPERATING LLC this business | $44.6M | — |
| ConocoPhillips Bartlesville | $1.1M | 0.4 mi |
| SKULL CREEK OIL & GAS LLC Bartlesville · 1 employees | $4.6M | 0.5 mi |
| MARCO OIL COMPANY LLC Bartlesville · 3 employees | $10.2M | 1.3 mi |
| FOX NORTHEASTERN OIL AND GAS CORPORATION Bartlesville · 2 employees | $7.0M | 1.3 mi |
| DAVID L GREENE II, LLC Bartlesville · 7 employees | $21.5M | 1.8 mi |
| BISHOP 3B PRODUCTION, LLC Bartlesville · 2 employees | $9.3M | 2.0 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $48.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $31.4M |
| Estimate: the two combined (geometric mean) | $44.6M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $10.1M |
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 | $64.8M |
| Multiple for this size and industry | 6.4× |
| Value range | $34.1M – $88.7M |
| Revenue range | $29.3M – $50.8M |
| EBITDA range | $6.7M – $11.6M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
History & advisors
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $136K | 10 |
| 4/23/2021 | second | $88K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bullseye Operating LLC
Bullseye Operating LLC is a natural gas extraction company in Bartlesville, Oklahoma, in business since 2006. Its estimated annual revenue is about $44.6M, with roughly $10.1M of EBITDA. It has about 4 employees. Its estimated business value is $64.8M (likely range $34.1M–$88.7M).
Common questions
- Who owns Bullseye Operating LLC?
- The owner of Bullseye Operating LLC 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 Bullseye Operating LLC make?
- SeeBITDA estimates Bullseye Operating LLC's annual revenue at about $44.6M (likely between $29.3M and $50.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bullseye Operating LLC worth?
- About $64.8M, roughly 6.4× its estimated EBITDA of $10.1M, typical for a natural gas extraction company its size. Likely range: $34.1M–$88.7M.
- How many employees does Bullseye Operating LLC have?
- About 4, from its 2021 retirement-plan filing.
- When was Bullseye Operating LLC founded?
- Bullseye Operating LLC has been in business since 2006.