Norman Wings, LLC
How we got $960K
Based on its 54 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 20% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 26% 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.
Employees over time
▼ 28% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 54 | $3.2M |
| 2022 | Form 5500 | 49 | $2.9M |
| 2023 | Form 5500 | 39 | $2.3M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NORMAN WINGS, LLC this business | $5.1M | — |
| Taco Bell Norman | $1.7M | 0.0 mi |
| Casey's Norman | $1.7M | 0.1 mi |
| Subway Norman | $1.7M | 0.1 mi |
| McDonald's Norman | $1.7M | 0.1 mi |
| 977 Nutrition Norman | $1.7M | 0.1 mi |
| Starbucks Norman | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 54 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.7M |
| Estimate: the two combined (geometric mean) | $5.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $457K |
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 | $960K |
| Multiple for this size and industry | 2.1× |
| Value range | $505K – $1.3M |
| Revenue range | $3.3M – $5.8M |
| EBITDA range | $301K – $521K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $216K | 54 |
About Norman Wings, LLC
Norman Wings, LLC is a restaurants company in Norman, Oklahoma. Its estimated annual revenue is about $5.1M, with roughly $457K of EBITDA. It has about 39 employees. Its estimated business value is $960K (likely range $505K–$1.3M).
Common questions
- Who owns Norman Wings, LLC?
- The owner of Norman Wings, 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 Norman Wings, LLC make?
- SeeBITDA estimates Norman Wings, LLC's annual revenue at about $5.1M (likely between $3.3M and $5.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Norman Wings, LLC worth?
- About $960K, roughly 2.1× its estimated EBITDA of $457K, typical for a restaurants company its size. Likely range: $505K–$1.3M.
- How many employees does Norman Wings, LLC have?
- About 39, from its 2023 retirement-plan filing.