Drapp Studios
How we got $429K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 30% 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 |
|---|---|---|
| DRAPP STUDIOS this business | $684K | — |
| HANSON, INC Tulsa · 4 employees | $4.8M | 5.1 mi |
| HANSONOPOLY, INC Tulsa · 5 employees | $5.4M | 5.1 mi |
| ALTON ADKINS Tulsa · 1 employees | $1.1M | 6.2 mi |
| BIG BROTHER HOLDINGS LLC Tulsa · 6 employees | $6.7M | 6.8 mi |
| CENTERFIELD PRODUCTION LLC Tulsa · 2 employees | $955K | 6.9 mi |
| MWB STUDIOS LLC Tulsa · 4 employees | $1.4M | 7.0 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $211K |
| Revenue = employees × revenue per employee | $684K |
| EBITDA margin (industry, adjusted for size) | 25% |
| EBITDA = revenue × margin | $171K |
| Cross-check: revenue implied by PPP payroll | $181K |
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 | $429K |
| Multiple for this size and industry | 2.5× |
| Value range | $203K – $608K |
| Revenue range | $405K – $809K |
| EBITDA range | $101K – $203K |
| Industry (NAICS) | Sound Recording Studios (512240) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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. 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
- BankingBank of America, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| Bank of America, National Association PPP 2020 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $6K | 2 |
2 locations
| 2828 W 51ST ST | Tulsa | This listing |
| 7017 S 252nd E Ave | Broken Arrow | View |
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 Drapp Studios
Drapp Studios is a sound recording studios company in Tulsa, Oklahoma, in business since 1999. Its estimated annual revenue is about $684K, with roughly $171K of EBITDA. It has about 2 employees. Its estimated business value is $429K (likely range $203K–$608K). It has 2 locations.
Common questions
- Who owns Drapp Studios?
- The owner of Drapp Studios 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 Drapp Studios make?
- SeeBITDA estimates Drapp Studios's annual revenue at about $684K (likely between $405K and $809K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Drapp Studios worth?
- About $429K, roughly 2.5× its estimated EBITDA of $171K, typical for a sound recording studios company its size. Likely range: $203K–$608K.
- How many employees does Drapp Studios have?
- About 2, as reported on its PPP loan.
- When was Drapp Studios founded?
- Drapp Studios has been in business since 1999.