City Bites, Inc.
How we got $3.4M
Based on its 200 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 40 years (since 1986)
- Founder still runs it after 40 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
City Bites is a sandwich shop chain, started as a small family venture in 1986, with 15 locations across the OKC metro and Kansas, serving deli sandwiches, stuffed baked potatoes, and Baja Tacos.
From the company's website. Industry: Restaurants.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CITY BITES, INC. this business | $14.5M | — |
| CAMPERO OF OKLAHOMA LLC Edmond · 20 employees | $1.1M | 0.0 mi |
| Jimmy John's Edmond | $990K | 0.2 mi |
| JJS OF EDMOND 1 LLC Edmond · 11 employees | $1.1M | 0.2 mi |
| UDining Edmond | $990K | 0.2 mi |
| The Brew at Oklahoma Christian University Edmond | $990K | 0.3 mi |
| Sonic Drive In Oklahoma City | $990K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 200 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.4M |
| Estimate: the two combined (geometric mean) | $14.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.1M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 1% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $3.4M |
| Multiple for this size and industry | 3.2× |
| Value range | $2.1M – $5.3M |
| Revenue range | $10.9M – $18.9M |
| EBITDA range | $803K – $1.4M |
| 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
People & advisors
“We are still a family-owned company and we believe that feeling of family and community is what has separated us from the other guys for over thirty years.”
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $886K | 200 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About City Bites, Inc.
City Bites, Inc. is a family-owned restaurants company in Edmond, Oklahoma, in business since 1986. It is owned by Brad Blevins (Co-Founder). Its estimated annual revenue is about $14.5M, with roughly $1.1M of EBITDA. It has about 200 employees. Its estimated business value is $3.4M (likely range $2.1M–$5.3M).
Common questions
- Who owns City Bites, Inc.?
- City Bites, Inc. is owned by Brad Blevins (Co-Founder), according to public sources such as the company's website or filings.
- How much revenue does City Bites, Inc. make?
- SeeBITDA estimates City Bites, Inc.'s annual revenue at about $14.5M (likely between $10.9M and $18.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is City Bites, Inc. worth?
- About $3.4M, roughly 3.2× its estimated EBITDA of $1.1M, typical for a restaurants company its size. Likely range: $2.1M–$5.3M.
- How many employees does City Bites, Inc. have?
- About 200, as reported on its PPP loan.
- When was City Bites, Inc. founded?
- City Bites, Inc. has been in business since 1986.
- Is City Bites, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years; no family successor named on its website.