Lazy Circles Brewing, L.P.
- Jeff ShawTeam member · Company website
How we got $947K
Based on 4 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 33% 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.
What we know
What they do
Lazy Circles Brewing is a brewery with a taproom in Norman, OK, described as "Brewed for community."
From the company's website. Industry: Breweries.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LAZY CIRCLES BREWING, L.P. this business | $1.3M | — |
| BEER IS GOOD BREWING COMPANY, LLC Norman · 5 employees | $983K | 0.2 mi |
| Equity Brewing Company Norman | $3.5M | 0.4 mi |
| Legally Brewed Norman | $3.5M | 0.4 mi |
| Crossed Cannons Brewery Norman | $3.5M | 0.9 mi |
| BLACK MESA BREWING, L.L.C. Norman · 6 employees | $1.3M | 3.8 mi |
| Waters Edge Winery Moore | $3.5M | 7.1 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Industry revenue per employee | $327K |
| Revenue = employees × revenue per employee | $1.3M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $316K |
| Cross-check: revenue implied by PPP payroll | $280K |
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 | $947K |
| Multiple for this size and industry | 3× |
| Value range | $448K – $1.3M |
| Revenue range | $792K – $1.6M |
| EBITDA range | $187K – $373K |
| Industry (NAICS) | Breweries (312120) |
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
History & advisors
“Lazy Circles started with former owners Holly Basey-Swanson, Stephen Swanson, and Stephen Basey, who began as homebrewers.”
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 2020, 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 |
|---|---|---|---|
| 4/9/2020 | first | $8K | 3 |
| 2/19/2021 | second | $15K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lazy Circles Brewing, L.P.
Lazy Circles Brewing, L.P. is a breweries company in Norman, Oklahoma, in business since 2017. Its estimated annual revenue is about $1.3M, with roughly $316K of EBITDA. It has about 4 employees. Its estimated business value is $947K (likely range $448K–$1.3M).
Common questions
- Who owns Lazy Circles Brewing, L.P.?
- The owner of Lazy Circles Brewing, L.P. 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 Lazy Circles Brewing, L.P. make?
- SeeBITDA estimates Lazy Circles Brewing, L.P.'s annual revenue at about $1.3M (likely between $792K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lazy Circles Brewing, L.P. worth?
- About $947K, roughly 3× its estimated EBITDA of $316K, typical for a breweries company its size. Likely range: $448K–$1.3M.
- How many employees does Lazy Circles Brewing, L.P. have?
- About 4, as reported on its PPP loan.
- When was Lazy Circles Brewing, L.P. founded?
- Lazy Circles Brewing, L.P. has been in business since 2017.