Neds Inc
How we got $217K
Based on its 15 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Ned's is a bar in Tahlequah, OK, described as a laid-back spot offering drinks such as craft cocktails and local brews. It is listed as a bar and lounge with a full bar, TV and parking.
From the company's website. Industry: Bars.
Estimated value over time
▲ 21% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NEDS INC this business | $1.0M | — |
| NED'S INC Tahlequah · 15 employees | $1.1M | 0.0 mi |
| Squeeze Inn Tahlequah Tahlequah | $760K | 0.1 mi |
| Hu-Lu Hookah Lounge Tahlequah | $760K | 0.1 mi |
| KRONER AND BAER LLC Tahlequah · 6 employees | $489K | 0.1 mi |
| DEWAINS PLACE, LLC Tahlequah · 2 employees | $419K | 0.4 mi |
| Brew Dog's Tahlequah | $760K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $689K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $114K |
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 | $217K |
| Multiple for this size and industry | 1.9× |
| Value range | $114K – $297K |
| Revenue range | $689K – $1.2M |
| EBITDA range | $75K – $130K |
| Industry (NAICS) | Drinking Places (Alcoholic Beverages) (722410) |
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
- BankingArmstrong 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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/7/2021 | second | $39K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Neds Inc
Neds Inc is a bars company in Tahlequah, Oklahoma, in business since 1996. Its estimated annual revenue is about $1.0M, with roughly $114K of EBITDA. It has about 15 employees. Its estimated business value is $217K (likely range $114K–$297K).
Common questions
- Who owns Neds Inc?
- The owner of Neds 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 Neds Inc make?
- SeeBITDA estimates Neds Inc's annual revenue at about $1.0M (likely between $689K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Neds Inc worth?
- About $217K, roughly 1.9× its estimated EBITDA of $114K, typical for a bars company its size. Likely range: $114K–$297K.
- How many employees does Neds Inc have?
- About 15, as reported on its PPP loan.
- When was Neds Inc founded?
- Neds Inc has been in business since 1996.