How we got $571K
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 26% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CHIP LLC this business | $2.8M | — |
| Pardon My Cheesesteak Catoosa | $1.7M | 0.0 mi |
| IHOP Catoosa | $1.7M | 0.0 mi |
| Taco Bueno Catoosa | $1.7M | 0.0 mi |
| The Lodge Eatery and Pub - Catoosa Catoosa | $1.7M | 0.1 mi |
| Wendy's Catoosa | $1.7M | 0.1 mi |
| Route 66 Diner Catoosa | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.7M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $272K |
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 | $571K |
| Multiple for this size and industry | 2.1× |
| Value range | $301K – $781K |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $179K – $310K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingCity 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 Roles are as stated there and may be out of date.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
| City Bank PPP 2020, PPP 2021 | All 17 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $123K | 28 |
| 1/22/2021 | second | $172K | 25 |
About Chip LLC
Chip LLC is a restaurants company in Catoosa, Oklahoma. Its estimated annual revenue is about $2.8M, with roughly $272K of EBITDA. It has about 28 employees. Its estimated business value is $571K (likely range $301K–$781K).
Common questions
- Who owns Chip LLC?
- The owner of Chip 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 Chip LLC make?
- SeeBITDA estimates Chip LLC's annual revenue at about $2.8M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Chip LLC worth?
- About $571K, roughly 2.1× its estimated EBITDA of $272K, typical for a restaurants company its size. Likely range: $301K–$781K.
- How many employees does Chip LLC have?
- About 28, as reported on its PPP loan.