Flight Concepts, LLC
How we got $1.6M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 25% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $973K |
| 2020 | Form 5500 | 40 | $6.5M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FLIGHT CONCEPTS, LLC this business | $2.6M | — |
| COSMETOLOGY MANAGMENT CORPORATION Tulsa · 1 employees | $328K | 3.8 mi |
| TULSA ELECTRICAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE Tulsa · 7 employees | $1.0M | 5.3 mi |
| EVERYONE YOGA SCHOOL Tulsa · 9 employees | $1.6M | 5.4 mi |
| PM TULSA, LLC Tulsa · 19 employees | $3.6M | 5.7 mi |
| PCFIT LLC Tulsa · 2 employees | $495K | 5.9 mi |
| COMMUNITY HIGHER ED INSTITUTE Tulsa · 124 employees | $22.7M | 6.3 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.7M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $494K |
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 | $1.6M |
| Multiple for this size and industry | 3.2× |
| Value range | $831K – $2.2M |
| Revenue range | $1.7M – $3.0M |
| EBITDA range | $325K – $563K |
| Industry (NAICS) | Flight Training (611512) |
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
People & advisors
Leadership
- JSJason SmithSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $95K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Flight Concepts, LLC
Flight Concepts, LLC is a flight training company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.6M, with roughly $494K of EBITDA. It has about 40 employees. Its estimated business value is $1.6M (likely range $831K–$2.2M).
Common questions
- Who owns Flight Concepts, LLC?
- The owner of Flight Concepts, 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 Flight Concepts, LLC make?
- SeeBITDA estimates Flight Concepts, LLC's annual revenue at about $2.6M (likely between $1.7M and $3.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Flight Concepts, LLC worth?
- About $1.6M, roughly 3.2× its estimated EBITDA of $494K, typical for a flight training company its size. Likely range: $831K–$2.2M.
- How many employees does Flight Concepts, LLC have?
- About 40, from its 2020 retirement-plan filing.