Just Wafflin, LLC
How we got $329K
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Just Wafflin', LLC is a home-grown, locally owned restaurant in Stillwater, OK that makes its waffles and other items to order using family recipes.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 29% 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 |
|---|---|---|
| JUST WAFFLIN, LLC this business | $1.9M | — |
| Los Aztecas Restaurant 2 Stillwater | $1.7M | 0.0 mi |
| Fired Up Stilly Stillwater | $1.7M | 0.0 mi |
| Golden Chick Stillwater | $1.7M | 0.1 mi |
| Laredo Taco Company Stillwater | $1.7M | 0.1 mi |
| NEW CHINA RESTAURANT OF STILLWATER, INC. Stillwater · 6 employees | $685K | 0.1 mi |
| PIZZA INN STILLWATER INC Stillwater · 18 employees | $1.2M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $183K |
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 | $329K |
| Multiple for this size and industry | 1.8× |
| Value range | $173K – $450K |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $120K – $208K |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
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
“Each item on our menu is composed of recipes and traditions passed down from generation to generation.”
Advisors
- BankingExchange Bank and Trust Company, Itria Ventures LLCPPP / 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
| Exchange Bank and Trust Company PPP 2020 | All 217 borrowers → |
| Itria Ventures LLC PPP 2021 | All 196 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $53K | 11 |
| 1/21/2021 | second | $74K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Just Wafflin, LLC
Just Wafflin, LLC is a restaurants company in Stillwater, Oklahoma, in business since 2016. Its estimated annual revenue is about $1.9M, with roughly $183K of EBITDA. It has about 19 employees. Its estimated business value is $329K (likely range $173K–$450K).
Common questions
- Who owns Just Wafflin, LLC?
- The owner of Just Wafflin, 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 Just Wafflin, LLC make?
- SeeBITDA estimates Just Wafflin, LLC's annual revenue at about $1.9M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Just Wafflin, LLC worth?
- About $329K, roughly 1.8× its estimated EBITDA of $183K, typical for a restaurants company its size. Likely range: $173K–$450K.
- How many employees does Just Wafflin, LLC have?
- About 19, as reported on its PPP loan.
- When was Just Wafflin, LLC founded?
- Just Wafflin, LLC has been in business since 2016.