Lovetts Gallery Inc
How we got $415K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
Lovetts Gallery is an Oklahoma fine art gallery and custom framing shop in Tulsa, established in 1978, representing local, regional, national and international artists. It serves art buyers and people wanting custom framing, conservation and related gallery services.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 39% 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 |
|---|---|---|
| LOVETTS GALLERY INC this business | $2.3M | — |
| USA GLASS INC Tulsa · 7 employees | $3.2M | 0.1 mi |
| BILLIARDS OF TULSA, INC. Tulsa · 48 employees | $27.3M | 0.9 mi |
| THE BROWN SEAL LLC Tulsa · 2 employees | $912K | 1.0 mi |
| ADVANCED AQUATICS, LLC Tulsa · 2 employees | $1.1M | 1.1 mi |
| ALEXANDER ZIENTEK Tulsa · 2 employees | $1.2M | 1.1 mi |
| PEAK BATTERIES OKLAHOMA, LLC Tulsa · 13 employees | $7.6M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $207K |
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 | $415K |
| Multiple for this size and industry | 2× |
| Value range | $218K – $568K |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $136K – $237K |
| Industry (NAICS) | Retail Trade (453920) |
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
- BankingStride Bank, National AssociationPPP / 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
| Stride Bank, National Association PPP 2020, PPP 2021 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $29K | 3 |
| 2/20/2021 | second | $29K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lovetts Gallery Inc
Lovetts Gallery Inc is a retail trade company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $2.3M, with roughly $207K of EBITDA. It has about 3 employees. Its estimated business value is $415K (likely range $218K–$568K).
Common questions
- Who owns Lovetts Gallery Inc?
- The owner of Lovetts Gallery 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 Lovetts Gallery Inc make?
- SeeBITDA estimates Lovetts Gallery Inc's annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lovetts Gallery Inc worth?
- About $415K, roughly 2× its estimated EBITDA of $207K, typical for a retail trade company its size. Likely range: $218K–$568K.
- How many employees does Lovetts Gallery Inc have?
- About 3, as reported on its PPP loan.
- When was Lovetts Gallery Inc founded?
- Lovetts Gallery Inc has been in business since 1998.