Inter-City Violin Studios, LLC
How we got $715K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 72 years (since 1954)
- 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
Inter-City Violin Studios is a music store in Oklahoma City that sells, rents, and repairs violins, violas, cellos, and basses, and sells accessories and sheet music. It says it serves Oklahoma musicians, from beginners to professionals.
From the company's website. Industry: Retail Trade.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INTER-CITY VIOLIN STUDIOS, LLC this business | $2.7M | — |
| RED COYOTE, LLC Oklahoma City · 27 employees | $12.2M | 2.0 mi |
| WHEELER DEALER BICYCLE SHOP, LLC Oklahoma City · 4 employees | $3.2M | 2.2 mi |
| ELLIS ENDURANCE LAB LLC Oklahoma City · 1 employees | $643K | 2.4 mi |
| GEAR EXCHANGE LLC Oklahoma City · 1 employees | $586K | 2.4 mi |
| ZURSTERS LLC Oklahoma City · 5 employees | $2.5M | 2.8 mi |
| 737 DUCK CALLS LLC Nichols Hills · 2 employees | $1.6M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $298K |
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 | $715K |
| Multiple for this size and industry | 2.4× |
| Value range | $376K – $978K |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $196K – $340K |
| Industry (NAICS) | Retail Trade (451140) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Inter-City Violin was founded in 1954 by Herbert and Peggy Bagwell in a small room behind their home, moving to a quaint bungalow two years later where it served OKC for 51 years.”
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $30K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Inter-City Violin Studios, LLC
Inter-City Violin Studios, LLC is a retail trade company in Oklahoma City, Oklahoma, in business since 1954. It is owned by Dena Bagwell. Its estimated annual revenue is about $2.7M, with roughly $298K of EBITDA. It has about 9 employees. Its estimated business value is $715K (likely range $376K–$978K).
Common questions
- Who owns Inter-City Violin Studios, LLC?
- Inter-City Violin Studios, LLC is owned by Dena Bagwell, according to public sources such as the company's website or filings.
- How much revenue does Inter-City Violin Studios, LLC make?
- SeeBITDA estimates Inter-City Violin Studios, LLC's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Inter-City Violin Studios, LLC worth?
- About $715K, roughly 2.4× its estimated EBITDA of $298K, typical for a retail trade company its size. Likely range: $376K–$978K.
- How many employees does Inter-City Violin Studios, LLC have?
- About 9, as reported on its PPP loan.
- When was Inter-City Violin Studios, LLC founded?
- Inter-City Violin Studios, LLC has been in business since 1954.
- Is Inter-City Violin Studios, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 72 years (since 1954); no family successor named on its website.