Hobo Joe's Restaurant, LLC
How we got $285K
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 31 years (since 1995)
From public records and the company's website, not a statement that it's for sale.
What they do
Hobo Joe's Restaurant in Madill, OK serves breakfast until 11 AM, then steaks, chicken fried steaks, hamburgers and pizza. It describes itself as a community-focused restaurant with a family-friendly atmosphere.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 26% 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 |
|---|---|---|
| HOBO JOE'S RESTAURANT, LLC this business | $1.6M | — |
| Yellowstone Shaved Ice LLC Madill | $1.7M | 0.0 mi |
| Rincon Taquería | Mexican Madill | $1.7M | 0.1 mi |
| OIL SPILL RESTAURANT LLC Madill · 11 employees | $1.0M | 0.2 mi |
| Alejo's Mexican Grill and Bar Madill | $1.7M | 0.2 mi |
| Jireh bakery and cafe Madill | $1.7M | 0.2 mi |
| Oilspill Restaurant Madill | $1.7M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $814K |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $158K |
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 | $285K |
| Multiple for this size and industry | 1.8× |
| Value range | $150K – $390K |
| Revenue range | $1.1M – $1.8M |
| EBITDA range | $104K – $181K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
People & advisors
Advisors
- BankingPeoples Bank and Trust CompanyPPP / 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
| Peoples Bank and Trust Company PPP 2020, PPP 2021 | All 320 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $38K | 18 |
| 1/30/2021 | second | $84K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hobo Joe's Restaurant, LLC
Hobo Joe's Restaurant, LLC is a restaurants company in Madill, Oklahoma, in business since 1995. Its estimated annual revenue is about $1.6M, with roughly $158K of EBITDA. It has about 31 employees. Its estimated business value is $285K (likely range $150K–$390K).
Common questions
- Who owns Hobo Joe's Restaurant, LLC?
- The owner of Hobo Joe's Restaurant, 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 Hobo Joe's Restaurant, LLC make?
- SeeBITDA estimates Hobo Joe's Restaurant, LLC's annual revenue at about $1.6M (likely between $1.1M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hobo Joe's Restaurant, LLC worth?
- About $285K, roughly 1.8× its estimated EBITDA of $158K, typical for a restaurants company its size. Likely range: $150K–$390K.
- How many employees does Hobo Joe's Restaurant, LLC have?
- About 31, as reported on its PPP loan.
- When was Hobo Joe's Restaurant, LLC founded?
- Hobo Joe's Restaurant, LLC has been in business since 1995.