Las Palmeras, LLC
How we got $130K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Las Palmeras is a Mexican restaurant located at 570 W 3rd St in Grove, Oklahoma.
From the company's website. Industry: Restaurants.
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 |
|---|---|---|
| LAS PALMERAS, LLC this business | $566K | — |
| Nu Taste Grove | $1.7M | 0.0 mi |
| Grand Lake - Tropical Sno Grove | $1.7M | 0.0 mi |
| The American Grill Grove | $1.7M | 0.0 mi |
| Legacy Eatery Grove | $1.7M | 0.0 mi |
| RANCHO VIEJO, LLC Grove · 20 employees | $2.5M | 0.1 mi |
| Subway Grove | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $686K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $360K |
| Estimate: the two combined (geometric mean) | $566K |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $72K |
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 | $130K |
| Multiple for this size and industry | 1.8× |
| Value range | $69K – $179K |
| Revenue range | $373K – $646K |
| EBITDA range | $48K – $83K |
| 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
History & advisors
Advisors
- BankingThe Corner Stone 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 Roles are as stated there and may be out of date.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
| The Corner Stone Bank PPP 2020 | All 20 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 | $10K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Las Palmeras, LLC
Las Palmeras, LLC is a restaurants company in Grove, Oklahoma, in business since 2018. Its estimated annual revenue is about $566K, with roughly $72K of EBITDA. It has about 6 employees. Its estimated business value is $130K (likely range $69K–$179K).
Common questions
- Who owns Las Palmeras, LLC?
- The owner of Las Palmeras, 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 Las Palmeras, LLC make?
- SeeBITDA estimates Las Palmeras, LLC's annual revenue at about $566K (likely between $373K and $646K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Las Palmeras, LLC worth?
- About $130K, roughly 1.8× its estimated EBITDA of $72K, typical for a restaurants company its size. Likely range: $69K–$179K.
- How many employees does Las Palmeras, LLC have?
- About 6, as reported on its PPP loan.
- When was Las Palmeras, LLC founded?
- Las Palmeras, LLC has been in business since 2018.