Corning Eye Center
How we got $445K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Corning Eye Center is an eye care practice in Ada, Oklahoma, founded by Dr. Grant Corning in 2015, offering LASIK and other vision correction and ophthalmic surgery services.
From the company's website. Industry: Offices of Optometrists.
Customers & suppliers
Suppliers & brands
- WaveLight · brand it sells or installs
Estimated value over time
▲ 22% 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 |
|---|---|---|
| CORNING EYE CENTER this business | $706K | — |
| DR. CHARLES W. GURLEY O.D., P.C. Ada · 8 employees | $1.7M | 0.0 mi |
| Advanced Eye Care Ada | $1.0M | 0.0 mi |
| CORNING MANAGEMENT Ada · 15 employees | $2.9M | 0.1 mi |
| STACY G PRESLEY OD PLLC Ada · 1 employees | $279K | 0.1 mi |
| Kinetic Therapy Service Ada | $1.0M | 0.1 mi |
| VALLEY VIEW FOOT & ANKLE CENTER, PLLC Ada · 4 employees | $1.4M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $469K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $818K |
| Estimate: the two combined (geometric mean) | $706K |
| EBITDA margin (industry, adjusted for size) | 25% |
| EBITDA = revenue × margin | $178K |
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 | $445K |
| Multiple for this size and industry | 2.5× |
| Value range | $234K – $609K |
| Revenue range | $465K – $805K |
| EBITDA range | $117K – $203K |
| 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
People & advisors
Advisors
- BankingFirst Bank and Trust of Memphis, Citizens Bank of AdaPPP / 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
| Citizens Bank of Ada PPP 2021 | All 171 borrowers → |
| First Bank and Trust of Memphis PPP 2020 | All 78 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 | $24K | 2 |
| 2/2/2021 | second | $26K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Corning Eye Center
Corning Eye Center is an offices of optometrists company in Ada, Oklahoma, in business since 2016. It is owned by Grant Corning (Founder). Its estimated annual revenue is about $706K, with roughly $178K of EBITDA. It has about 2 employees. Its estimated business value is $445K (likely range $234K–$609K).
Common questions
- Who owns Corning Eye Center?
- Corning Eye Center is owned by Grant Corning (Founder), according to public sources such as the company's website or filings.
- How much revenue does Corning Eye Center make?
- SeeBITDA estimates Corning Eye Center's annual revenue at about $706K (likely between $465K and $805K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Corning Eye Center worth?
- About $445K, roughly 2.5× its estimated EBITDA of $178K, typical for a offices of optometrists company its size. Likely range: $234K–$609K.
- How many employees does Corning Eye Center have?
- About 2, as reported on its PPP loan.
- When was Corning Eye Center founded?
- Corning Eye Center has been in business since 2016.