Empire Optical Properties, LLC
- Christian HargroveSigns company filings · Form 5500 (2020)
How we got $884K
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 19% 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.
Employees over time
▼ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 16 | $2.3M |
| 2020 | Form 5500 | 12 | $1.7M |
| 2021 | Form 5500 | 14 | $2.0M |
| 2022 | Form 5500 | 16 | $2.3M |
| 2023 | Form 5500 | 17 | $2.4M |
| 2024 | Form 5500 | 14 | $2.0M |
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
Signs of a sale Some signs of a sale
- In business 62 years (since 1964)
From public records and the company's website, not a statement that it's for sale.
What they do
Empire Optical is an eyeglass and sunglass store in Tulsa, Oklahoma, offering eye exams-related fitting, lens selection, frame repair and adjustments for individual shoppers. It says it has been making Tulsa's eyeglasses since 1964.
From the company's website. Industry: Optical Goods Retailers.
Customers & suppliers
Suppliers & brands
- Ray Ban · brand it sells or installs
- Oakley · brand it sells or installs
- Coach · brand it sells or installs
- Versace · brand it sells or installs
- Prada · brand it sells or installs
- Avulux · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EMPIRE OPTICAL PROPERTIES, LLC this business | $4.9M | — |
| ASM LLC Tulsa · 41 employees | $20.0M | 0.0 mi |
| AMERICAN HOME MEDICAL SERVICES INC. Tulsa · 7 employees | $2.5M | 0.5 mi |
| HICKS BRUNSON CO., INC. Tulsa · 6 employees | $2.7M | 1.2 mi |
| GRAHAM COLLECTIVE LLC Tulsa · 1 employees | $419K | 1.4 mi |
| ROWLAND PHARMACY LLC Tulsa · 4 employees | $4.0M | 1.4 mi |
| NUCLEAR RX PC Tulsa · 11 employees | $7.8M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $4.9M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $368K |
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 | $884K |
| Multiple for this size and industry | 2.4× |
| Value range | $465K – $1.2M |
| Revenue range | $3.2M – $5.6M |
| EBITDA range | $242K – $420K |
| Industry (NAICS) | Optical Goods Retailers (456130) |
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
“Our family-owned business has been making the best glasses in Tulsa since 1964, and we are proud to say that the core values of service, quality, and innovation that began our business are still with us today.”
Advisors
- BankingCrossFirst Bank, Prosperity 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
| CrossFirst Bank PPP 2020 | All 299 borrowers → |
| Prosperity Bank PPP 2021 | All 748 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 | $119K | 14 |
| 1/21/2021 | second | $145K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Empire Optical Properties, LLC
Empire Optical Properties, LLC is a family-owned optical goods retailers company in Tulsa, Oklahoma, in business since 1964. Its estimated annual revenue is about $4.9M, with roughly $368K of EBITDA. It has about 14 employees. Its estimated business value is $884K (likely range $465K–$1.2M).
Common questions
- Who owns Empire Optical Properties, LLC?
- The owner of Empire Optical Properties, LLC 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 Empire Optical Properties, LLC make?
- SeeBITDA estimates Empire Optical Properties, LLC's annual revenue at about $4.9M (likely between $3.2M and $5.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Empire Optical Properties, LLC worth?
- About $884K, roughly 2.4× its estimated EBITDA of $368K, typical for a optical goods retailers company its size. Likely range: $465K–$1.2M.
- How many employees does Empire Optical Properties, LLC have?
- About 14, from its 2024 retirement-plan filing.
- When was Empire Optical Properties, LLC founded?
- Empire Optical Properties, LLC has been in business since 1964.