How we got $882K
Based on its 50 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 20% since 2021Today'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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MAD EATES this business | $4.7M | — |
| MAD EATS, LLC Owasso · 50 employees | $4.7M | 0.0 mi |
| SMOKE ON CHERRY STREET LLC Owasso · 41 employees | $4.7M | 0.0 mi |
| SMOKE ON MAIN STREET, LLC Owasso · 40 employees | $4.3M | 0.0 mi |
| KARENS CONCESSIONS LLC Owasso · 2 employees | $327K | 1.0 mi |
| Charlie's Chicken Owasso | $1.7M | 1.6 mi |
| Wendy's Owasso | $1.7M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.3M |
| Estimate: the two combined (geometric mean) | $4.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $420K |
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 | $882K |
| Multiple for this size and industry | 2.1× |
| Value range | $464K – $1.2M |
| Revenue range | $3.1M – $5.3M |
| EBITDA range | $276K – $479K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
History & advisors
Advisors
- BankingFirst Bank of OwassoPPP / 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 Roles are as stated there and may be out of date.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
| First Bank of Owasso PPP 2021 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/23/2021 | second | $275K | 50 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mad Eates
Mad Eates is a restaurants company in Owasso, Oklahoma. It is owned by Erik Reynolds (Chef/Owner). Its estimated annual revenue is about $4.7M, with roughly $420K of EBITDA. It has about 50 employees. Its estimated business value is $882K (likely range $464K–$1.2M).
Common questions
- Who owns Mad Eates?
- Mad Eates is owned by Erik Reynolds (Chef/Owner), according to public sources such as the company's website or filings.
- How much revenue does Mad Eates make?
- SeeBITDA estimates Mad Eates's annual revenue at about $4.7M (likely between $3.1M and $5.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mad Eates worth?
- About $882K, roughly 2.1× its estimated EBITDA of $420K, typical for a restaurants company its size. Likely range: $464K–$1.2M.
- How many employees does Mad Eates have?
- About 50, as reported on its PPP loan.