Excel Therapy Specialists LLC
How we got $8.3M
Based on its 67 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
Excel Therapy provides physical therapy services across Oklahoma, with thirteen locations, personalizing rehabilitation programs to reduce pain and restore strength and function.
From the company's website. Industry: Chiropractors & therapists.
Estimated value over time
▲ 31% 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 |
|---|---|---|
| EXCEL THERAPY SPECIALISTS LLC this business | $11.8M | — |
| KATS AND ASSOCIATES LLC Broken Arrow · 6 employees | $1.1M | 0.1 mi |
| Luker Chiro Broken Arrow | $1.0M | 0.2 mi |
| Kats Chiropractic Center Broken Arrow | $1.0M | 0.2 mi |
| Tulsa Sports Acupuncture Broken Arrow | $2.0M | 0.2 mi |
| Body By God Broken Arrow | $1.0M | 0.2 mi |
| BA VISION, P.L.L.C. Broken Arrow · 5 employees | $1.0M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 67 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.3M |
| Estimate: the two combined (geometric mean) | $11.8M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.8M |
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 | $8.3M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.4M – $11.4M |
| Revenue range | $7.8M – $13.4M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340) |
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
“In July 2003, Mike Flanary (PT) and Jennifer Poole (marketing/operations) opened their first two physical therapy and sports medicine clinics in Tulsa and Broken Arrow.”
Leadership
- JPJennifer PooleVice President and Chief Marketing and Operations Officer, f · Company website · source
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020, PPP 2021 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $858K | 67 |
| 3/24/2021 | second | $718K | 67 |
3 locations
| 2234 B West Houston | Broken Arrow | This listing |
| 698 Westside Dr Ste 102 | Durant | View |
| 523 E 6th St | Okmulgee | 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 Excel Therapy Specialists LLC
Excel Therapy Specialists LLC is a chiropractors & therapists company in Broken Arrow, Oklahoma, in business since 2007. It is owned by Mike Flanary. Its estimated annual revenue is about $11.8M, with roughly $1.8M of EBITDA. It has about 67 employees. Its estimated business value is $8.3M (likely range $4.4M–$11.4M). It has 3 locations.
Common questions
- Who owns Excel Therapy Specialists LLC?
- Excel Therapy Specialists LLC is owned by Mike Flanary, according to public sources such as the company's website or filings.
- How much revenue does Excel Therapy Specialists LLC make?
- SeeBITDA estimates Excel Therapy Specialists LLC's annual revenue at about $11.8M (likely between $7.8M and $13.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Excel Therapy Specialists LLC worth?
- About $8.3M, roughly 4.5× its estimated EBITDA of $1.8M, typical for a chiropractors & therapists company its size. Likely range: $4.4M–$11.4M.
- How many employees does Excel Therapy Specialists LLC have?
- About 67, as reported on its PPP loan.
- When was Excel Therapy Specialists LLC founded?
- Excel Therapy Specialists LLC has been in business since 2007.