Changing Spaces 2, LLC
How we got $386K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 10% 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 |
|---|---|---|
| CHANGING SPACES 2, LLC this business | $2.6M | — |
| VIDEON INC Tulsa · 2 employees | $929K | 1.7 mi |
| 15TH & HOME, LLC Tulsa · 3 employees | $2.4M | 2.2 mi |
| A-OK HOME, LLC Tulsa · 3 employees | $1.4M | 3.3 mi |
| LAYLOWS LLC Tulsa · 8 employees | $4.8M | 5.1 mi |
| GRANDFATHER'S CLOCK GALLERY Tulsa · 6 employees | $1.6M | 5.2 mi |
| SNOWS FURNITURE FUNCTION, INC Tulsa · 25 employees | $13.8M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 6 |
| 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) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $193K |
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 | $386K |
| Multiple for this size and industry | 2× |
| Value range | $203K – $527K |
| Revenue range | $1.7M – $2.9M |
| EBITDA range | $127K – $220K |
| Industry (NAICS) | Retail Trade (442110) |
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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/7/2020 | first | $36K | 6 |
| 1/23/2021 | second | $36K | 6 |
About Changing Spaces 2, LLC
Changing Spaces 2, LLC is a retail trade company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.6M, with roughly $193K of EBITDA. It has about 6 employees. Its estimated business value is $386K (likely range $203K–$527K).
Common questions
- Who owns Changing Spaces 2, LLC?
- The owner of Changing Spaces 2, 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 Changing Spaces 2, LLC make?
- SeeBITDA estimates Changing Spaces 2, LLC's annual revenue at about $2.6M (likely between $1.7M and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Changing Spaces 2, LLC worth?
- About $386K, roughly 2× its estimated EBITDA of $193K, typical for a retail trade company its size. Likely range: $203K–$527K.
- How many employees does Changing Spaces 2, LLC have?
- About 6, as reported on its PPP loan.