New State Burgers and Spirits LLC
How we got $261K
Based on 9 employees reported for PPP in 2021, grown 8% a year since.
Estimated value over time
▲ 94% 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.
What we know
What they do
New State Burgers & Spirits is a burger restaurant in Oklahoma City offering burgers, chicken sandwiches, starters, and sides with curbside pickup and delivery through DoorDash and Postmates.
From the company's website. Industry: Restaurants.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NEW STATE BURGERS AND SPIRITS LLC this business | $1.5M | — |
| NEW STATE BURGERS & SPRIRITS Oklahoma City · 8 employees | $1.3M | 0.0 mi |
| Summerland Wellness Boutique Oklahoma City | $1.7M | 0.0 mi |
| Pie Junkie Oklahoma City | $1.7M | 0.0 mi |
| THE MUSKET LLC Oklahoma City · 45 employees | $7.3M | 0.0 mi |
| Ma Der Lao Kitchen Oklahoma City | $1.7M | 0.0 mi |
| Goro Ramen + Izakaya Oklahoma City | $1.7M | 0.0 mi |
Ranges & sources
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $109K – $188K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
| Value range | $156K – $407K |
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
History & advisors
Advisors
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/26/2021 | second | $80K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About New State Burgers and Spirits LLC
New State Burgers and Spirits LLC is a restaurants company in Oklahoma City, Oklahoma, in business since 2018. Its estimated annual revenue is about $1.5M, with roughly $145K of EBITDA. It has about 9 employees. Its estimated business value is $261K (likely range $156K–$407K).
Common questions
- Who owns New State Burgers and Spirits LLC?
- The owner of New State Burgers and Spirits 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 State Burgers and Spirits LLC make?
- SeeBITDA estimates New State Burgers and Spirits LLC's annual revenue at about $1.5M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New State Burgers and Spirits LLC worth?
- About $261K, roughly 1.8× its estimated EBITDA of $145K, typical for a restaurants company its size. Likely range: $156K–$407K.
- How many employees does New State Burgers and Spirits LLC have?
- About 9, as reported on its PPP loan.
- When was New State Burgers and Spirits LLC founded?
- New State Burgers and Spirits LLC has been in business since 2018.