Charlestons of Tulsa Inc.
How we got $1.8M
Based on its 54 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Charleston's is a casual, upbeat restaurant with a modestly priced menu of traditional American classics prepared from scratch daily. It is part of the Hal Smith Restaurants group.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 23% since 2021Today'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 |
|---|---|---|
| CHARLESTONS OF TULSA INC. this business | $8.7M | — |
| CHARLESTON'S OF TULSA, INC. Tulsa · 73 employees | $8.6M | 0.0 mi |
| The Bradford Grill Tulsa | $1.7M | 0.0 mi |
| Madre’s Mexican Kitchen Tulsa | $1.7M | 0.0 mi |
| McDonald's Tulsa | $1.7M | 0.1 mi |
| New York Bagel Cafe Tulsa | $1.7M | 0.1 mi |
| Bennigan's Tulsa | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 54 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.0M |
| Estimate: the two combined (geometric mean) | $8.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $691K |
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 | $1.8M |
| Multiple for this size and industry | 2.6× |
| Value range | $945K – $2.5M |
| Revenue range | $5.7M – $9.9M |
| EBITDA range | $454K – $788K |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBancFirstPPP / 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 PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/27/2021 | second | $638K | 54 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Charlestons of Tulsa Inc.
Charlestons of Tulsa Inc. is a restaurants company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $8.7M, with roughly $691K of EBITDA. It has about 54 employees. Its estimated business value is $1.8M (likely range $945K–$2.5M).
Common questions
- Who owns Charlestons of Tulsa Inc.?
- The owner of Charlestons of Tulsa 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 Charlestons of Tulsa Inc. make?
- SeeBITDA estimates Charlestons of Tulsa Inc.'s annual revenue at about $8.7M (likely between $5.7M and $9.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Charlestons of Tulsa Inc. worth?
- About $1.8M, roughly 2.6× its estimated EBITDA of $691K, typical for a restaurants company its size. Likely range: $945K–$2.5M.
- How many employees does Charlestons of Tulsa Inc. have?
- About 54, as reported on its PPP loan.
- When was Charlestons of Tulsa Inc. founded?
- Charlestons of Tulsa Inc. has been in business since 1998.