Karstens Bagels LLC
How we got $260K
Based on its 17 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 23% since 2021Today'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 BAGELS LLC this business | $1.3M | — |
| Lohmann's Good Things Norman | $1.7M | 0.0 mi |
| Bagel Factory of Norman Norman | $1.7M | 0.0 mi |
| Wing It Norman | $1.7M | 0.0 mi |
| TACO CASA NORMAN CENTRAL, LLC Norman · 28 employees | $2.4M | 0.1 mi |
| Casey's Norman | $1.7M | 0.1 mi |
| Taco Mayo Norman | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $896K |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $145K |
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 | $260K |
| Multiple for this size and industry | 1.8× |
| Value range | $137K – $356K |
| Revenue range | $872K – $1.5M |
| EBITDA range | $95K – $165K |
| 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
People & advisors
Advisors
- BankingArmstrong 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/6/2021 | second | $43K | 17 |
About Karstens Bagels LLC
Karstens Bagels LLC is a restaurants company in Norman, Oklahoma. Its estimated annual revenue is about $1.3M, with roughly $145K of EBITDA. It has about 17 employees. Its estimated business value is $260K (likely range $137K–$356K).
Common questions
- Who owns Karstens Bagels LLC?
- The owner of Karstens Bagels 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 Karstens Bagels LLC make?
- SeeBITDA estimates Karstens Bagels LLC's annual revenue at about $1.3M (likely between $872K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Karstens Bagels LLC worth?
- About $260K, roughly 1.8× its estimated EBITDA of $145K, typical for a restaurants company its size. Likely range: $137K–$356K.
- How many employees does Karstens Bagels LLC have?
- About 17, as reported on its PPP loan.