Lessert Enterprises,inc.
How we got $2.0M
Based on its 82 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▼ 79% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 82 | $5.2M |
| 2020 | Form 5500 | 58 | $3.7M |
| 2021 | Form 5500 | 42 | $2.7M |
| 2022 | Form 5500 | 41 | $2.6M |
| 2023 | Form 5500 | 24 | $1.5M |
| 2024 | Form 5500 | 20 | $1.3M |
| 2025 | Form 5500 | 17 | $1.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LESSERT ENTERPRISES,INC. this business | $9.7M | — |
| LESSERT PIZZA, INC. Ponca City · 33 employees | $3.9M | 0.0 mi |
| Brick House Grille Ponca City | $1.7M | 0.1 mi |
| PONCA CITY DINER LLC Ponca City · 12 employees | $1.3M | 0.1 mi |
| El Patron Mexican Grill Ponca City | $1.7M | 0.1 mi |
| The Daily Grind Ponca City | $1.7M | 0.1 mi |
| Greek Island Restaurant Ponca City | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 82 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.7M |
| Estimate: the two combined (geometric mean) | $9.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $771K |
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 | $2.0M |
| Multiple for this size and industry | 2.6× |
| Value range | $1.1M – $2.7M |
| Revenue range | $6.4M – $11.1M |
| EBITDA range | $507K – $879K |
| 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
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $374K | 82 |
About Lessert Enterprises,inc.
Lessert Enterprises,inc. is a restaurants company in Ponca City, Oklahoma. Its estimated annual revenue is about $9.7M, with roughly $771K of EBITDA. It has about 17 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.7M).
Common questions
- Who owns Lessert Enterprises,inc.?
- The owner of Lessert Enterprises,inc. 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 Lessert Enterprises,inc. make?
- SeeBITDA estimates Lessert Enterprises,inc.'s annual revenue at about $9.7M (likely between $6.4M and $11.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lessert Enterprises,inc. worth?
- About $2.0M, roughly 2.6× its estimated EBITDA of $771K, typical for a restaurants company its size. Likely range: $1.1M–$2.7M.
- How many employees does Lessert Enterprises,inc. have?
- About 17, from its 2025 retirement-plan filing.