Mcnellie's Group LLC
How we got $4.6M
Based on 186 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Some signs of a sale
- In business 22 years (since 2004)
- Founder still runs it after 22 years
From public records and the company's website, not a statement that it's for sale.
What they do
McNellie's Group operates a collection of restaurants and bars across Oklahoma and Arkansas, described as gathering places for celebrations and everyday meals. It has 20 restaurants and offers private rooms and a rewards program.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 26% 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
▲ 180% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 186 | $11.1M |
| 2020 | Form 5500 | 74 | $4.4M |
| 2021 | Form 5500 | 75 | $4.5M |
| 2022 | Form 5500 | 85 | $5.1M |
| 2023 | Form 5500 | 162 | $9.7M |
| 2024 | Form 5500 | 501 | $30.0M |
| 2025 | Form 5500 | 520 | $31.2M |
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 |
|---|---|---|
| MCNELLIE'S GROUP LLC this business | $19.4M | — |
| FajitaTown Tulsa | $1.7M | 0.0 mi |
| Sweet Boutique Tulsa Tulsa | $1.7M | 0.1 mi |
| My Momma's House Tulsa | $1.7M | 0.1 mi |
| THE GOAT BAR LLC Tulsa · 30 employees | $2.3M | 0.1 mi |
| ROSE ROCK CAPITAL LLC Tulsa · 8 employees | $804K | 0.1 mi |
| SABORES LLC Tulsa · 8 employees | $1.0M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 186 |
| Industry revenue per employee | $60K |
| Revenue = employees × revenue per employee | $19.4M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.4M |
| Cross-check: revenue implied by PPP payroll | $85.7M |
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 | $4.6M |
| Multiple for this size and industry | 3.2× |
| Value range | $2.2M – $6.5M |
| Revenue range | $11.5M – $23.0M |
| EBITDA range | $848K – $1.7M |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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: 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
“In 2004, a 25-year-old Tulsa native named Elliot Nelson walked into a vacant building in downtown Tulsa with a vision: bring the warmth, character, and community spirit of Dublin's great pubs to Oklahoma.”
Leadership
- BABen AlexanderChef · Company website · source
Advisors
- BankingProsperity Bank, First Oklahoma 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
| First Oklahoma Bank PPP 2021 | All 695 borrowers → |
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $3.8M | 30 |
| 2/25/2021 | second | $2.0M | 186 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mcnellie's Group LLC
Mcnellie's Group LLC is a restaurants company in Tulsa, Oklahoma, in business since 2004. It is owned by Elliot Nelson. Its estimated annual revenue is about $19.4M, with roughly $1.4M of EBITDA. It has about 520 employees. Its estimated business value is $4.6M (likely range $2.2M–$6.5M).
Common questions
- Who owns Mcnellie's Group LLC?
- Mcnellie's Group LLC is owned by Elliot Nelson, according to public sources such as the company's website or filings.
- How much revenue does Mcnellie's Group LLC make?
- SeeBITDA estimates Mcnellie's Group LLC's annual revenue at about $19.4M (likely between $11.5M and $23.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mcnellie's Group LLC worth?
- About $4.6M, roughly 3.2× its estimated EBITDA of $1.4M, typical for a restaurants company its size. Likely range: $2.2M–$6.5M.
- How many employees does Mcnellie's Group LLC have?
- About 520, from its 2025 retirement-plan filing.
- When was Mcnellie's Group LLC founded?
- Mcnellie's Group LLC has been in business since 2004.