Earl's Rib Palace Inc.
How we got $429K
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Earl's Rib Palace is an Oklahoma barbecue restaurant serving rich hickory-smoked meats and house-made sides, with catering, takeout, delivery and gift card options. It serves Oklahoma diners through multiple locations.
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 |
|---|---|---|
| EARL'S RIB PALACE INC. this business | $2.4M | — |
| EARLS RIB PALACE INC. Oklahoma City · 20 employees | $2.4M | 0.0 mi |
| Jinya Ramen Bar - Okc - Nichols Hills Oklahoma City | $1.7M | 0.0 mi |
| Panera Bread Oklahoma City | $1.7M | 0.0 mi |
| Jinya Ramen Bar Oklahoma City | $1.7M | 0.0 mi |
| Big Sky Bread Company Oklahoma City | $1.7M | 0.1 mi |
| City Bites Oklahoma City | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.8M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $238K |
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 | 1.8× |
| Value range | $226K – $587K |
| Revenue range | $1.6M – $2.7M |
| EBITDA range | $157K – $272K |
| 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
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $132K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Earl's Rib Palace Inc.
Earl's Rib Palace Inc. is a restaurants company in Oklahoma City, Oklahoma, in business since 1996. Its estimated annual revenue is about $2.4M, with roughly $238K of EBITDA. It has about 20 employees. Its estimated business value is $429K (likely range $226K–$587K).
Common questions
- Who owns Earl's Rib Palace Inc.?
- The owner of Earl's Rib Palace Inc. 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 Earl's Rib Palace Inc. make?
- SeeBITDA estimates Earl's Rib Palace Inc.'s annual revenue at about $2.4M (likely between $1.6M and $2.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Earl's Rib Palace Inc. worth?
- About $429K, roughly 1.8× its estimated EBITDA of $238K, typical for a restaurants company its size. Likely range: $226K–$587K.
- How many employees does Earl's Rib Palace Inc. have?
- About 20, as reported on its PPP loan.
- When was Earl's Rib Palace Inc. founded?
- Earl's Rib Palace Inc. has been in business since 1996.