SeeBITDAOklahoma

Emerge Medical & Well Spa, LLC

All Other Personal Services
Estimated valueMedium confidence
$6.1M
$3.6Mlikely range$9.5M
About 3.8× its yearly EBITDA, typical for a company this size in its industry.
Revenue
$12.0M
a year
EBITDA
$1.6M
13% of revenue
Employees
55
reported in 2020
Leadership
Belinda Stewart
Owner · source
Some signs of a sale
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $6.1M

Based on 55 employees reported for PPP in 2020, grown 8% a year since.

55 employees (PPP loan, 2020)55
× 1.63 growth (8% a year since 2020)90 today
× $134K revenue per employee (all other personal services)$12.0M
× 13% EBITDA margin$1.6M
× 3.8 sale multiple = value$6.1M

Own this business? Correct these figures

Estimated value over time

▲ 103% since 2020
$0$3.5M$7.0M20202023202420252026

Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.

Employees over time

▼ 25% since 2020
05010020202023202420255541
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020PPP loan55$7.4M$980K
2023Form 550056$7.5M$997K
2024Form 550042$5.6M$748K
2025Form 550041$5.5M$730K

Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.

What we know

PPP loan, 2020
401(k) filing, 2025
No reported financials
Company website
Owner named

Signs of a sale Some signs of a sale

  • In business 19 years (since 2007)
  • Headcount down 27% since 2023 (retirement plan filings)

From public records and the company's website, not a statement that it's for sale.

What they do

Emerge Medical & Well Spa is a medical spa and day spa in Tulsa, OK, offering treatments such as injectables, lasers, facials and massage, with locations in South Tulsa and River Spirit. It also runs Partner Affiliates, which provides training and consulting for the medical spa industry.

Products & services
Neurotoxin TreatmentsFacial Fillers and InjectablesWellness ServicesLasers / RF / Thermal Energy TreatmentsWeight Loss TherapyBody Sculpting ServicesSpa FacialsMedical Facials & PeelsMassage & Body TreatmentsSexual Health ServicesSalon ServicesMemberships
Markets served
medical spa industry
Service area
Tulsa, OKSouth TulsaRiver Spirit

From the company's website. Industry: All Other Personal Services.

Customers & suppliers

Suppliers & brands

  • SkinMedica · brand it sells or installs
  • Nutridyn · brand it sells or installs
  • Nutrafol · brand it sells or installs
  • KEVIN.MURPHY · brand it sells or installs
  • UPNEEQ · brand it sells or installs
  • Silagen · brand it sells or installs

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Hair & beauty salons

Compared with similar businesses nearby

BusinessEst. revenueEst. EBITDADistance
EMERGE MEDICAL & WELL SPA, LLC
this business
$12.0M$1.6M—
Chimney Hills Dog Wash
Tulsa
$728K$168K0.1 mi
CRITTER CUTS OF TULSA OKLAHOMA INC
Tulsa · 7 employees
$1.1M$203K0.1 mi
FERRO RESOURCES, INC.
Tulsa · 2 employees
$437K$101K0.8 mi
THREE SMITHS INC
Tulsa · 3 employees
$656K$129K0.8 mi
PROVIDENCE WORKING CANINES, INC.
Tulsa · 2 employees
$326K$75K0.8 mi
Pawdicure - Walk-In Nail Trims & Pet Boutique
Tulsa
$728K$168K1.1 mi

Ranges & sources

Revenue range$9.0M – $15.6M
EBITDA range$1.2M – $2.1M
Industry (NAICS)All Other Personal Services (812990)
Value range$3.6M – $9.5M

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

Founded 2007
“We are a premier, award-winning medical wellness spa with four locations and have been serving Tulsa since 2007.”

Advisors

  • BankingMidFirst 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

MidFirst Bank
PPP 2020, PPP 2021
All 2,403 borrowers →

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

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/10/2020first$209K$211K14MidFirst Bank
1/23/2021second$347K$352K55MidFirst Bank

Public records

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

About Emerge Medical & Well Spa, LLC

Emerge Medical & Well Spa, LLC is an all other personal services company in Tulsa, Oklahoma, in business since 2007. It is owned by Belinda Stewart. Its estimated annual revenue is about $12.0M, with roughly $1.6M of EBITDA. It has about 41 employees. Its estimated business value is $6.1M (likely range $3.6M–$9.5M).

Common questions

Who owns Emerge Medical & Well Spa, LLC?
Emerge Medical & Well Spa, LLC is owned by Belinda Stewart, according to public sources such as the company's website or filings.
How much revenue does Emerge Medical & Well Spa, LLC make?
SeeBITDA estimates Emerge Medical & Well Spa, LLC's annual revenue at about $12.0M (likely between $9.0M and $15.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Emerge Medical & Well Spa, LLC worth?
About $6.1M, roughly 3.8× its estimated EBITDA of $1.6M, typical for a all other personal services company its size. Likely range: $3.6M–$9.5M.
How many employees does Emerge Medical & Well Spa, LLC have?
About 41, from its 2025 retirement-plan filing.
When was Emerge Medical & Well Spa, LLC founded?
Emerge Medical & Well Spa, LLC has been in business since 2007.