Karstens Bagel
How we got $288K
Based on 19 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 17% 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 |
|---|---|---|
| KARSTENS BAGEL this business | $2.1M | — |
| THE CANDY BASKET LLC Norman · 5 employees | $817K | 0.0 mi |
| GRAY OWL COFFEE, LLC Norman · 13 employees | $2.6M | 0.8 mi |
| EL NATURAL LLC Norman · 36 employees | $4.8M | 2.7 mi |
| THE HIP, LLC Norman · 2 employees | $798K | 2.8 mi |
| OKLAHOMA GOURMET POPCORN, LLC Moore · 8 employees | $1.4M | 7.2 mi |
| GT JOURNEY CORP. Moore | $1.3M | 8.1 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Industry revenue per employee | $102K |
| Revenue = employees × revenue per employee | $2.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $144K |
| Cross-check: revenue implied by PPP payroll | $84K |
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 | $288K |
| Multiple for this size and industry | 2× |
| Value range | $136K – $409K |
| Revenue range | $1.3M – $2.5M |
| EBITDA range | $85K – $171K |
| Industry (NAICS) | Baked Goods Retailers (445291) |
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. 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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/28/2020 | first | $4K | 19 |
About Karstens Bagel
Karstens Bagel is a baked goods retailers company in Norman, Oklahoma. Its estimated annual revenue is about $2.1M, with roughly $144K of EBITDA. It has about 19 employees. Its estimated business value is $288K (likely range $136K–$409K).
Common questions
- Who owns Karstens Bagel?
- The owner of Karstens Bagel 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 Karstens Bagel make?
- SeeBITDA estimates Karstens Bagel's annual revenue at about $2.1M (likely between $1.3M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Karstens Bagel worth?
- About $288K, roughly 2× its estimated EBITDA of $144K, typical for a baked goods retailers company its size. Likely range: $136K–$409K.
- How many employees does Karstens Bagel have?
- About 19, as reported on its PPP loan.