Joe's Barbecue 2 South Tulsa LLC
How we got $1.3M
Based on its 50 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| JOE'S BARBECUE 2 SOUTH TULSA LLC this business | $5.6M | — |
| YZS, INC Tulsa · 5 employees | $765K | 0.0 mi |
| Oklahoma Joe's BBQ and Catering Tulsa | $1.7M | 0.0 mi |
| Chopsticks Tulsa | $1.7M | 0.0 mi |
| ESCOTO GROUP LLC Tulsa · 9 employees | $683K | 0.0 mi |
| Rincon Mexican Grill and Cantina Tulsa | $1.7M | 0.0 mi |
| Goldie's Patio Grill Tulsa | $1.7M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.1M |
| Estimate: the two combined (geometric mean) | $5.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $502K |
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 | $1.3M |
| Multiple for this size and industry | 2.6× |
| Value range | $687K – $1.8M |
| Revenue range | $3.7M – $6.3M |
| EBITDA range | $330K – $572K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingMabrey 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 Roles are as stated there and may be out of date.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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $281K | 50 |
| 1/20/2021 | second | $393K | 35 |
About Joe's Barbecue 2 South Tulsa LLC
Joe's Barbecue 2 South Tulsa LLC is a restaurants company in Tulsa, Oklahoma. Its estimated annual revenue is about $5.6M, with roughly $502K of EBITDA. It has about 50 employees. Its estimated business value is $1.3M (likely range $687K–$1.8M).
Common questions
- Who owns Joe's Barbecue 2 South Tulsa LLC?
- The owner of Joe's Barbecue 2 South Tulsa 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 Joe's Barbecue 2 South Tulsa LLC make?
- SeeBITDA estimates Joe's Barbecue 2 South Tulsa LLC's annual revenue at about $5.6M (likely between $3.7M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Joe's Barbecue 2 South Tulsa LLC worth?
- About $1.3M, roughly 2.6× its estimated EBITDA of $502K, typical for a restaurants company its size. Likely range: $687K–$1.8M.
- How many employees does Joe's Barbecue 2 South Tulsa LLC have?
- About 50, as reported on its PPP loan.