SeeBITDAOklahoma

Cockrell Eyecare Center, Inc

Offices of Optometrists
  • 1711 W Sixth Ave, Stillwater, OK
  • 2 locations
  • Since 1999
  • NAICS 621320
Estimated valueMedium confidence
$6.6M
$3.5Mlikely range$9.0M
About 4.5× its yearly profit, typical for a company this size in its industry.
Revenue
$9.4M
a year
Profit (EBITDA)
$1.5M
16% of revenue
Employees
37
reported in 2020
Leadership
Optometric Physicians
President · source
Some signs of a sale
Owner-run. We haven't found a manager besides the owner. Buyers usually pay less when a business depends on its owner.

How we got $6.6M

Based on its 37 employees and its payroll, both reported for PPP in 2020 and brought up to date.

37 employees × $189K each$7.0M
PPP payroll ÷ payroll's usual share of revenue$9.6M
Shown toward the top of its range×1.14
Revenue$9.4M
× 16% profit margin$1.5M
× 4.5 sale multiple = value$6.6M

· Own this business? Correct these figures

What we know

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named
2 locations found

Signs of a sale Some signs of a sale

  • In business 27 years (since 1999)
  • 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

Cockrell Eyecare Center is an optometry practice in Stillwater, Oklahoma offering eye exams, eye care treatment, eyeglasses, contact lenses and LASIK vision correction for patients.

Products & services
Comprehensive Eye ExamEmergency Eye CareOcular Disease ManagementMyopia ManagementEnchroma Color Blind TestEyeglassesContact LensesOrder Contacts OnlineContact Lens RebatesLASIK ON-SITEiLASIKLaser Vision Correction
Service area
Stillwater, Oklahomacentral and eastern Oklahoma

From the company's website. Industry: Offices of Optometrists.

Customers & suppliers

Suppliers & brands

  • THEO · brand it sells or installs
  • IntraLase · brand it sells or installs
  • VISX · brand it sells or installs

Estimated value over time

▲ 22% since 2020
$0$3.8M$7.6M20202026

Today'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

BusinessEst. revenueEst. profitDistance
COCKRELL EYECARE CENTER, INC
this business
$9.4M$1.5M—
AQUARIAN HEALING ARTS LLC
Stillwater · 3 employees
$796K$171K0.2 mi
Dr. Jason K. White
Stillwater
$1.0M$216K0.2 mi
ORTHOTIC PROSTHETIC SOLUTIONS INC.
Stillwater · 3 employees
$660K$142K0.2 mi
FOCUS Institute of Stillwater
Stillwater
$1.0M$216K0.2 mi
Healthback Home Health-stillwater
Stillwater
$1.0M$216K0.2 mi
Golden Victory Medical - Stillwater
Stillwater
$1.0M$216K0.2 mi

The full calculation

Employees reported to the SBA37
Revenue from headcount (employees × revenue per employee for companies this size)$7.0M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$9.6M
Estimate: the two combined (geometric mean)$9.4M
EBITDA margin (industry, adjusted for size)16%
EBITDA = revenue × margin$1.5M

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$6.6M
Multiple for this size and industry4.5×
Value range$3.5M – $9.0M
Revenue range$6.2M – $10.7M
EBITDA range$963K – $1.7M
Industry (NAICS)Offices of Optometrists (621320)

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

“He and Dr. Cherry Cockrell opened their practice in Stillwater, which became known as COCKRELL EYECARE CENTER.”

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 2020
All 7,048 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/6/2020first$398K$400K37BancFirst

2 locations

1711 W Sixth AveStillwaterThis listing
534 Illinois StPawneeView

Revenue, profit and value are for the whole company.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Cockrell Eyecare Center, Inc

Cockrell Eyecare Center, Inc is an offices of optometrists company in Stillwater, Oklahoma, in business since 1999. It is owned by Optometric Physicians (President). Its estimated annual revenue is about $9.4M, with roughly $1.5M of EBITDA. It has about 37 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.0M). It has 2 locations.

Common questions

Who owns Cockrell Eyecare Center, Inc?
Cockrell Eyecare Center, Inc is owned by Optometric Physicians (President), according to public sources such as the company's website or filings.
How much revenue does Cockrell Eyecare Center, Inc make?
SeeBITDA estimates Cockrell Eyecare Center, Inc's annual revenue at about $9.4M (likely between $6.2M and $10.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Cockrell Eyecare Center, Inc worth?
About $6.6M, roughly 4.5× its estimated EBITDA of $1.5M, typical for a offices of optometrists company its size. Likely range: $3.5M–$9.0M.
How many employees does Cockrell Eyecare Center, Inc have?
About 37, as reported on its PPP loan.
When was Cockrell Eyecare Center, Inc founded?
Cockrell Eyecare Center, Inc has been in business since 1999.