Eye Restoration Clinic
- Lisa SkowronPartner (part-time) · Company website
- Michelle S. BullardOcularist · Company website
- Edwin P. BullardOcularist · Company website
- Devon Marie Johnson (Bullard)Ocularist · Company website
How we got $354K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 29% 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.
What we know
Signs of a sale Likely to sell
- In business 37 years (since 1989)
- Founder still runs it after 37 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Eye Restoration Clinic in Tulsa, OK makes custom fitted eye prostheses and corneoscleral shell eye prostheses for people with anophthalmic sockets or damaged eyes, and also sells ocular prosthetic lubricants.
From the company's website. Industry: Ophthalmic Goods Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EYE RESTORATION CLINIC this business | $813K | — |
| TK & TN DENTAL INC. Tulsa · 7 employees | $1.3M | 0.8 mi |
| PROGRESSIVE ORTHOTIC AND PROSTHETIC SERVICES, INC. Tulsa · 17 employees | $4.6M | 1.0 mi |
| RX OPTICAL LLC Broken Arrow · 69 employees | $24.0M | 1.8 mi |
| rxotulsa Broken Arrow | $1.7M | 1.8 mi |
| Carter Dental Laboratories Tulsa | $1.5M | 2.2 mi |
| LARRY BREWER DENTAL LAB INC. Tulsa · 47 employees | $10.3M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $419K |
| Estimate: the two combined (geometric mean) | $813K |
| EBITDA margin (industry, adjusted for size) | 17% |
| EBITDA = revenue × margin | $136K |
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 | $354K |
| Multiple for this size and industry | 2.6× |
| Value range | $186K – $485K |
| Revenue range | $535K – $927K |
| EBITDA range | $90K – $155K |
| Industry (NAICS) | Ophthalmic Goods Manufacturing (339115) |
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
“In 1989, she opened her own practice, Eye Restoration Clinic (ERC) where she brought our current method of ocularistry to Tulsa.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $13K | 2 |
| 2/8/2021 | second | $15K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eye Restoration Clinic
Eye Restoration Clinic is an ophthalmic goods manufacturing company in Tulsa, Oklahoma, in business since 1989. It is owned by Elsie Joy (Founder). Its estimated annual revenue is about $813K, with roughly $136K of EBITDA. It has about 4 employees. Its estimated business value is $354K (likely range $186K–$485K).
Common questions
- Who owns Eye Restoration Clinic?
- Eye Restoration Clinic is owned by Elsie Joy (Founder), according to public sources such as the company's website or filings.
- How much revenue does Eye Restoration Clinic make?
- SeeBITDA estimates Eye Restoration Clinic's annual revenue at about $813K (likely between $535K and $927K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eye Restoration Clinic worth?
- About $354K, roughly 2.6× its estimated EBITDA of $136K, typical for a ophthalmic goods manufacturing company its size. Likely range: $186K–$485K.
- How many employees does Eye Restoration Clinic have?
- About 4, as reported on its PPP loan.
- When was Eye Restoration Clinic founded?
- Eye Restoration Clinic has been in business since 1989.
- Is Eye Restoration Clinic for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 37 years (since 1989); founder still runs it after 37 years; no family successor named on its website.