Cheers Sports Facility Inc
How we got $274K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Cheers is an all-star cheerleading and tumbling facility in Oklahoma City, offering tumbling classes and all-star cheerleading teams.
From the company's website. Industry: Gyms & fitness.
Estimated value over time
▲ 23% 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 |
|---|---|---|
| CHEERS SPORTS FACILITY INC this business | $505K | — |
| Garza's Strength and Fitness Factory Oklahoma City | $793K | 0.1 mi |
| Aspen Athletic Clubs Oklahoma City | $1.6M | 0.1 mi |
| Ohana Self Defense Instititue Oklahoma City | $793K | 0.2 mi |
| Movement OKC Oklahoma City | $793K | 0.3 mi |
| To The Beat Dance Studio Oklahoma City | $793K | 0.3 mi |
| Kingdom Rise Athletics Oklahoma City | $793K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $430K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $457K |
| Estimate: the two combined (geometric mean) | $505K |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $119K |
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 | $274K |
| Multiple for this size and industry | 2.3× |
| Value range | $144K – $375K |
| Revenue range | $332K – $576K |
| EBITDA range | $78K – $136K |
| Industry (NAICS) | Fitness and Recreational Sports Centers (713940) |
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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/6/2020 | first | $15K | 4 |
| 5/7/2021 | second | $15K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cheers Sports Facility Inc
Cheers Sports Facility Inc is a gyms & fitness company in Oklahoma City, Oklahoma, in business since 2016. It is owned by Jeremy Sipe (Founder). Its estimated annual revenue is about $505K, with roughly $119K of EBITDA. It has about 4 employees. Its estimated business value is $274K (likely range $144K–$375K).
Common questions
- Who owns Cheers Sports Facility Inc?
- Cheers Sports Facility Inc is owned by Jeremy Sipe (Founder), according to public sources such as the company's website or filings.
- How much revenue does Cheers Sports Facility Inc make?
- SeeBITDA estimates Cheers Sports Facility Inc's annual revenue at about $505K (likely between $332K and $576K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cheers Sports Facility Inc worth?
- About $274K, roughly 2.3× its estimated EBITDA of $119K, typical for a gyms & fitness company its size. Likely range: $144K–$375K.
- How many employees does Cheers Sports Facility Inc have?
- About 4, as reported on its PPP loan.
- When was Cheers Sports Facility Inc founded?
- Cheers Sports Facility Inc has been in business since 2016.