Local Lather, LLC
How we got $397K
Based on 3 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
What they do
Local Lather is a handcrafted bath and body products maker and shop in Oklahoma City that sells small-batch soap and body care items, with a refill option and in-store shopping.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 17% 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 |
|---|---|---|
| LOCAL LATHER, LLC this business | $2.2M | — |
| PET FRIENDS INC. Oklahoma City · 8 employees | $2.6M | 0.4 mi |
| FIREPLACE CLUB INC Oklahoma City · 25 employees | $8.6M | 0.7 mi |
| DOS OSO LLC Oklahoma City · 6 employees | $1.5M | 0.8 mi |
| ZIGGYZ CANABIS CORPORATION Oklahoma City · 18 employees | $8.9M | 1.0 mi |
| LITTLE D GALLERY Oklahoma City · 4 employees | $2.6M | 1.0 mi |
| PRAIRIE ARTS COLLECTIVE Oklahoma City · 2 employees | $1.4M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Industry revenue per employee | $300K |
| Revenue = employees × revenue per employee | $2.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $198K |
| Cross-check: revenue implied by PPP payroll | $493K |
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 | $397K |
| Multiple for this size and industry | 2× |
| Value range | $188K – $563K |
| Revenue range | $1.3M – $2.6M |
| EBITDA range | $117K – $235K |
| Industry (NAICS) | Retail Trade (453998) |
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: 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
- BankingPrism 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
| Prism Bank PPP 2020 | All 131 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/17/2020 | first | $6K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Local Lather, LLC
Local Lather, LLC is a retail trade company in Oklahoma City, Oklahoma, in business since 2014. It is owned by Meg Rinehart. Its estimated annual revenue is about $2.2M, with roughly $198K of EBITDA. It has about 3 employees. Its estimated business value is $397K (likely range $188K–$563K).
Common questions
- Who owns Local Lather, LLC?
- Local Lather, LLC is owned by Meg Rinehart, according to public sources such as the company's website or filings.
- How much revenue does Local Lather, LLC make?
- SeeBITDA estimates Local Lather, LLC's annual revenue at about $2.2M (likely between $1.3M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Local Lather, LLC worth?
- About $397K, roughly 2× its estimated EBITDA of $198K, typical for a retail trade company its size. Likely range: $188K–$563K.
- How many employees does Local Lather, LLC have?
- About 3, as reported on its PPP loan.
- When was Local Lather, LLC founded?
- Local Lather, LLC has been in business since 2014.