Norjen Properties, LLC
How we got $144K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 29% 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 |
|---|---|---|
| NORJEN PROPERTIES, LLC this business | $734K | — |
| Padgett's Daylight Donut Sand Springs | $1.7M | 1.3 mi |
| DANBERRY LLC DBA CHICK-FIL-A SAND SPRINGS Sand Springs | $1.7M | 1.3 mi |
| Andy's Tacos Sand Springs | $1.7M | 2.4 mi |
| Guy In A Truck BBQ Sand Springs | $1.7M | 2.5 mi |
| Pier 51 Cafe Sand Springs | $1.7M | 4.6 mi |
| Dunkin Donuts Sand Springs | $1.7M | 4.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $691K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $600K |
| Estimate: the two combined (geometric mean) | $734K |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $80K |
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 | $144K |
| Multiple for this size and industry | 1.8× |
| Value range | $76K – $197K |
| Revenue range | $483K – $837K |
| EBITDA range | $53K – $91K |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
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
- 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 Roles are as stated there and may be out of date.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, PPP 2021 | 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 |
|---|---|---|---|
| 4/14/2020 | first | $16K | 6 |
| 1/29/2021 | second | $26K | 6 |
About Norjen Properties, LLC
Norjen Properties, LLC is a restaurants company in Sand Springs, Oklahoma. Its estimated annual revenue is about $734K, with roughly $80K of EBITDA. It has about 6 employees. Its estimated business value is $144K (likely range $76K–$197K).
Common questions
- Who owns Norjen Properties, LLC?
- The owner of Norjen Properties, 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 Norjen Properties, LLC make?
- SeeBITDA estimates Norjen Properties, LLC's annual revenue at about $734K (likely between $483K and $837K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Norjen Properties, LLC worth?
- About $144K, roughly 1.8× its estimated EBITDA of $80K, typical for a restaurants company its size. Likely range: $76K–$197K.
- How many employees does Norjen Properties, LLC have?
- About 6, as reported on its PPP loan.