SeeBITDAOklahoma

Liberty Flags, Inc

Retail Trade
Estimated valueLow confidence
$805K
$424Klikely range$1.1M
About 2.4× its yearly EBITDA, typical for a company this size in its industry.
Revenue
$4.1M
a year
EBITDA
$336K
8% of revenue
Employees
4
reported in 2020
Leadership
Charlotte Zakharian
Owner · source
Some signs of a sale

How we got $805K

Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.

4 employees × $619K each$2.5M
PPP payroll ÷ payroll's usual share of revenue$5.1M
Shown toward the top of its range×1.14
Revenue$4.1M
× 8% EBITDA margin$336K
× 2.4 sale multiple = value$805K

Own this business? Correct these figures

Estimated value over time

▲ 17% since 2020
$0$463K$926K20202026

Today'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

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Some signs of a sale

  • In business 28 years (since 1998)

From public records and the company's website, not a statement that it's for sale.

What they do

LIBERTY FLAGS, INC sells American-made flags, flagpoles, state, military, world and custom flags, and America 250 keepsakes, based in Tulsa, OK. It states that every American flag it sells is made in the USA.

Products & services
American FlagsCommercial FlagpolesResidential FlagpolesMilitary FlagsState FlagsCustom FlagsAmerica 250 keepsakesFlags of the WorldBusiness & Logo FlagsSchool Logo & Cheer FlagsFirst Responder FlagsLapel Pins
Markets served
military
Service area
continental U.SOklahomaTulsa

From the company's website. Industry: Retail Trade.

Customers & suppliers

Suppliers & brands

  • American Red Cross · brand it sells or installs

Compared with similar businesses nearby

BusinessEst. revenueEst. EBITDADistance
LIBERTY FLAGS, INC
this business
$4.1M$336K—
LS INSTRUMENTS, INC
Tulsa · 2 employees
$1.6M$156K0.4 mi
MAC ATTACK CORP
Tulsa · 2 employees
$1.5M$150K0.5 mi
LU'S TAILORS COMPANY
Tulsa · 2 employees
$971K$97K1.1 mi
METRO BUILDERS SUPPLY, INC.
Tulsa
$758.2M$46.0M1.1 mi
ROBERTSON TIRE COMPANY, INC.
Tulsa · 155 employees
$84.0M$5.0M1.2 mi
THE BROWN SEAL LLC
Tulsa · 2 employees
$912K$91K1.2 mi

Ranges & sources

Revenue range$2.7M – $4.6M
EBITDA range$221K – $383K
Industry (NAICS)Retail Trade (453998)
Value range$424K – $1.1M

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: approximate sector default. 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

  • BankingSecurity 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

Security Bank
PPP 2020
All 617 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/5/2020first$60K$60K4Security Bank

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Liberty Flags, Inc

Liberty Flags, Inc is a retail trade company in Tulsa, Oklahoma, in business since 1998. It is owned by Charlotte Zakharian. Its estimated annual revenue is about $4.1M, with roughly $336K of EBITDA. It has about 4 employees. Its estimated business value is $805K (likely range $424K–$1.1M).

Common questions

Who owns Liberty Flags, Inc?
Liberty Flags, Inc is owned by Charlotte Zakharian, according to public sources such as the company's website or filings.
How much revenue does Liberty Flags, Inc make?
SeeBITDA estimates Liberty Flags, Inc's annual revenue at about $4.1M (likely between $2.7M and $4.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Liberty Flags, Inc worth?
About $805K, roughly 2.4× its estimated EBITDA of $336K, typical for a retail trade company its size. Likely range: $424K–$1.1M.
How many employees does Liberty Flags, Inc have?
About 4, as reported on its PPP loan.
When was Liberty Flags, Inc founded?
Liberty Flags, Inc has been in business since 1998.