New Seoul Market
How we got $173K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 33% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NEW SEOUL MARKET this business | $1.2M | — |
| SUNG CHO Tulsa · 1 employees | $721K | 0.0 mi |
| LA UNION 8 LLC Tulsa · 54 employees | $19.8M | 0.1 mi |
| UNION CMS FINANCIAL SERVICES LLC Tulsa · 8 employees | $3.4M | 0.1 mi |
| ASIAN MART INTERNATIONAL FOOD Tulsa · 22 employees | $4.8M | 0.1 mi |
| MEJIA & ASOCIADOS INC Tulsa · 5 employees | $2.4M | 0.2 mi |
| LA UNION DOS, INC Tulsa · 66 employees | $25.4M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $931K |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $86K |
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 | $173K |
| Multiple for this size and industry | 2× |
| Value range | $91K – $236K |
| Revenue range | $764K – $1.3M |
| EBITDA range | $57K – $98K |
| Industry (NAICS) | Supermarkets and Other Grocery Retailers (except Convenience Retailers) (445110) |
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
- BankingArvest 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/20/2020 | first | $9K | 2 |
About New Seoul Market
New Seoul Market is a supermarkets and other grocery retailers (except convenience retailers) company in Tulsa, Oklahoma. Its estimated annual revenue is about $1.2M, with roughly $86K of EBITDA. It has about 2 employees. Its estimated business value is $173K (likely range $91K–$236K).
Common questions
- Who owns New Seoul Market?
- The owner of New Seoul Market 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 Seoul Market make?
- SeeBITDA estimates New Seoul Market's annual revenue at about $1.2M (likely between $764K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Seoul Market worth?
- About $173K, roughly 2× its estimated EBITDA of $86K, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $91K–$236K.
- How many employees does New Seoul Market have?
- About 2, as reported on its PPP loan.