New Covenant Tours LLC
How we got $376K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
New Covenant Tours is a travel company offering Christian and Messianic tours to Israel, specializing in helping Christians and churches tour the Holy Land. It has been operating since 1993.
From the company's website. Industry: Tour Operators.
Estimated value over time
▲ 25% 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 |
|---|---|---|
| NEW COVENANT TOURS LLC this business | $1.2M | — |
| Oklahoma City OK - South Oklahoma City | $1.7M | 0.9 mi |
| BENTLEY HEDGES TRAVEL SERVICE, INC. Oklahoma City · 11 employees | $4.0M | 1.0 mi |
| BENTLEY HEDGES TRAVEL SERVICES INC Oklahoma City · 9 employees | $4.2M | 1.0 mi |
| Affordable Shower doors Oklahoma Oklahoma | $1.7M | 1.2 mi |
| Vietnam World Travel Oklahoma Oklahoma City | $1.7M | 1.4 mi |
| Creative Travel and Events Oklahoma City | $1.7M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $714K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $150K |
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 | $376K |
| Multiple for this size and industry | 2.5× |
| Value range | $198K – $514K |
| Revenue range | $761K – $1.3M |
| EBITDA range | $99K – $171K |
| Industry (NAICS) | Tour Operators (561520) |
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. 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
- BankingJPMorgan Chase 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
| JPMorgan Chase Bank, National Association PPP 2021 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2021 | first | $20K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About New Covenant Tours LLC
New Covenant Tours LLC is a tour operators company in Oklahoma City, Oklahoma, in business since 2010. Its estimated annual revenue is about $1.2M, with roughly $150K of EBITDA. It has about 1 employees. Its estimated business value is $376K (likely range $198K–$514K).
Common questions
- Who owns New Covenant Tours LLC?
- The owner of New Covenant Tours 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 New Covenant Tours LLC make?
- SeeBITDA estimates New Covenant Tours LLC's annual revenue at about $1.2M (likely between $761K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Covenant Tours LLC worth?
- About $376K, roughly 2.5× its estimated EBITDA of $150K, typical for a tour operators company its size. Likely range: $198K–$514K.
- How many employees does New Covenant Tours LLC have?
- About 1, as reported on its PPP loan.
- When was New Covenant Tours LLC founded?
- New Covenant Tours LLC has been in business since 2010.