Hasty-Bake Inc.
How we got $6.0M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Hasty Bake makes charcoal grills, smokers, fire pits and accessories, with the grills crafted in Oklahoma and sold online for backyard cooks and grilling enthusiasts.
From the company's website. Industry: Machine Tool Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MAZZIO'S LLC · Tulsa, 5 mi · $80.0M
- REW III LLC · Tulsa, 7 mi · $70.4M
- HIDEAWAY- 2 INC · Tulsa, 2 mi · $63.9M
- SJK, LLC · Broken Arrow, 11 mi · $48.1M
- WICHITA SDI, LLC · Prague, 61 mi · $46.7M
Estimated value over time
▼ 13% 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
▲ 277% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $6.9M |
| 2024 | Form 5500 | 117 | $26.2M |
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 |
|---|---|---|
| HASTY-BAKE INC. this business | $10.0M | — |
| ALPHA INVESTMENTS CASTING LLC. Tulsa · 40 employees | $12.7M | 1.6 mi |
| H & M PIPE BEVELING MACHINE CO INC Tulsa · 8 employees | $2.8M | 1.8 mi |
| DRIVE SHAFTS, INC. Tulsa · 9 employees | $2.8M | 3.3 mi |
| JCR INDUSTRIAL LLC Tulsa · 5 employees | $1.9M | 3.8 mi |
| TC MACHINE & MANUFACTURING, INC. Tulsa · 5 employees | $1.6M | 5.0 mi |
| QUICK TURN MANUFACTURING LLC Tulsa · 9 employees | $3.8M | 5.3 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.7M |
| Estimate: the two combined (geometric mean) | $10.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.3M |
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 | $6.0M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.1M – $8.2M |
| Revenue range | $6.6M – $11.4M |
| EBITDA range | $834K – $1.4M |
| Industry (NAICS) | Machine Tool Manufacturing (333517) |
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
Advisors
- AccountingRock CPAS, PLLCAudits its 401(k) plan (2024 filing)
- BankingAVB 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
| AVB Bank PPP 2020 | All 309 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 | $368K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hasty-Bake Inc.
Hasty-Bake Inc. is a machine tool manufacturing company in Tulsa, Oklahoma, in business since 1997. It is owned by Richard Alexander. Its estimated annual revenue is about $10.0M, with roughly $1.3M of EBITDA. It has about 117 employees. Its estimated business value is $6.0M (likely range $3.1M–$8.2M).
Common questions
- Who owns Hasty-Bake Inc.?
- Hasty-Bake Inc. is owned by Richard Alexander, according to public sources such as the company's website or filings.
- How much revenue does Hasty-Bake Inc. make?
- SeeBITDA estimates Hasty-Bake Inc.'s annual revenue at about $10.0M (likely between $6.6M and $11.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hasty-Bake Inc. worth?
- About $6.0M, roughly 4.7× its estimated EBITDA of $1.3M, typical for a machine tool manufacturing company its size. Likely range: $3.1M–$8.2M.
- How many employees does Hasty-Bake Inc. have?
- About 117, from its 2024 retirement-plan filing.
- When was Hasty-Bake Inc. founded?
- Hasty-Bake Inc. has been in business since 1997.