Glo Tanning Centers Inc
How we got $20.9M
Based on 253 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Glo Tanning operates tanning salons offering sunbeds, spray tanning, and spa services, including a location at 12335 N Rockwell in Oklahoma City. It serves walk-in customers seeking tanning and wellness services.
From the company's website. Industry: Hair & beauty salons.
Customers & suppliers
Suppliers & brands
- Norvell · brand it sells or installs
- Beauty Angel · brand it sells or installs
- Cocoon · brand it sells or installs
- Wellsystem · brand it sells or installs
- KBL · brand it sells or installs
- Versa Pro · brand it sells or installs
- VersaSpa Pro · brand it sells or installs
- Norvell Auto Revolution · brand it sells or installs
Estimated value over time
▲ 21% since 2021Today'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 |
|---|---|---|
| GLO TANNING CENTERS INC this business | $33.5M | — |
| GLO TANNING CENTER INC Oklahoma City · 231 employees | $30.6M | 0.0 mi |
| Sandy Beaches Tanning Salon Oklahoma City | $436K | 0.0 mi |
| Relax Foot Massage Oklahoma City | $436K | 0.0 mi |
| Oklahoma Tattoo Collective Oklahoma City | $436K | 0.0 mi |
| Macks Beauty World Oklahoma City | $436K | 0.0 mi |
| Outlaw Barbershop Oklahoma City | $436K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 253 |
| Industry revenue per employee | $78K |
| Revenue = employees × revenue per employee | $33.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $4.4M |
| Cross-check: revenue implied by PPP payroll | $7.7M |
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 | $20.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $9.9M – $29.7M |
| Revenue range | $19.8M – $39.6M |
| EBITDA range | $2.6M – $5.3M |
| Industry (NAICS) | Other Personal Care Services (812199) |
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, 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
Advisors
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/19/2021 | second | $318K | 253 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Glo Tanning Centers Inc
Glo Tanning Centers Inc is a hair & beauty salons company in Oklahoma City, Oklahoma, in business since 1999. Its estimated annual revenue is about $33.5M, with roughly $4.4M of EBITDA. It has about 253 employees. Its estimated business value is $20.9M (likely range $9.9M–$29.7M).
Common questions
- Who owns Glo Tanning Centers Inc?
- The owner of Glo Tanning Centers Inc 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 Glo Tanning Centers Inc make?
- SeeBITDA estimates Glo Tanning Centers Inc's annual revenue at about $33.5M (likely between $19.8M and $39.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glo Tanning Centers Inc worth?
- About $20.9M, roughly 4.7× its estimated EBITDA of $4.4M, typical for a hair & beauty salons company its size. Likely range: $9.9M–$29.7M.
- How many employees does Glo Tanning Centers Inc have?
- About 253, as reported on its PPP loan.
- When was Glo Tanning Centers Inc founded?
- Glo Tanning Centers Inc has been in business since 1999.