Mustang Times, LLC
How we got $2.2M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
The Mustang Times is a local newspaper covering Mustang, Oklahoma, with news, sports, education, business and classified listings. It is one of the Central Oklahoma Weeklies publications.
From the company's website. Industry: Marketing & advertising.
Estimated value over time
▲ 40% 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
▲ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 10 | $2.4M |
| 2020 | Form 5500 | 8 | $2.0M |
| 2021 | Form 5500 | 8 | $2.0M |
| 2022 | Form 5500 | 8 | $2.0M |
| 2023 | Form 5500 | 8 | $2.0M |
| 2025 | Form 5500 | 11 | $2.7M |
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 |
|---|---|---|
| MUSTANG TIMES, LLC this business | $3.3M | — |
| DYNAMO MARKETING, LLC Mustang · 1 employees | $374K | 3.9 mi |
| COMMUNITY RACKS OF DES MOINES Oklahoma City · 1 employees | $281K | 6.0 mi |
| PREMIER MEDIA LLC Yukon · 3 employees | $1.0M | 6.3 mi |
| BLUE DIAMOND STUDIO, LLC Oklahoma City · 1 employees | $517K | 6.9 mi |
| A & A ADVOCATES, INC. Yukon · 2 employees | $978K | 7.2 mi |
| KOSMOS Q INC Oklahoma City · 8 employees | $2.9M | 8.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $585K |
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 | $2.2M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.2M – $3.0M |
| Revenue range | $2.1M – $3.7M |
| EBITDA range | $385K – $667K |
| Industry (NAICS) | Advertising Agencies (541810) |
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
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $67K | 8 |
| 2/13/2021 | second | $68K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mustang Times, LLC
Mustang Times, LLC is a marketing & advertising company in Mustang, Oklahoma, in business since 2009. Its estimated annual revenue is about $3.3M, with roughly $585K of EBITDA. It has about 11 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Mustang Times, LLC?
- The owner of Mustang Times, LLC 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 Mustang Times, LLC make?
- SeeBITDA estimates Mustang Times, LLC's annual revenue at about $3.3M (likely between $2.1M and $3.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mustang Times, LLC worth?
- About $2.2M, roughly 3.8× its estimated EBITDA of $585K, typical for a marketing & advertising company its size. Likely range: $1.2M–$3.0M.
- How many employees does Mustang Times, LLC have?
- About 11, from its 2025 retirement-plan filing.
- When was Mustang Times, LLC founded?
- Mustang Times, LLC has been in business since 2009.