Northside Laundry and Cleaners Inc
How we got $752K
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 56 years (since 1970)
From public records and the company's website, not a statement that it's for sale.
What they do
Northside Laundry & Cleaners is a clothing care business in Stillwater, OK, operating since 1970, offering alterations, dry cleaning, wedding gown preservation, leather and suede care, and household item cleaning.
From the company's website. Industry: Dry cleaners & laundry.
Estimated value over time
▼ 5% 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 |
|---|---|---|
| NORTHSIDE LAUNDRY AND CLEANERS INC this business | $1.5M | — |
| SPIN CITY LAUNDRY COMPANY LLC Stillwater · 18 employees | $1.5M | 0.7 mi |
| Duffy Dry Cleaners & Laundry Stillwater | $668K | 1.5 mi |
| Washing Town Stillwater | $668K | 1.6 mi |
| Laundry Express Stillwater | $1.3M | 1.6 mi |
| Cowboy Laundry Stillwater | $668K | 1.7 mi |
| SULA ENTERPRISES, L.L.C. Stillwater · 10 employees | $659K | 1.7 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $944K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $289K |
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 | $752K |
| Multiple for this size and industry | 2.6× |
| Value range | $396K – $1.0M |
| Revenue range | $969K – $1.7M |
| EBITDA range | $190K – $330K |
| Industry (NAICS) | Drycleaning and Laundry Services (except Coin-Operated) (812320) |
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
- BankingExchange Bank and Trust CompanyPPP / 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
| Exchange Bank and Trust Company PPP 2020, PPP 2021 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $86K | 13 |
| 1/16/2021 | second | $88K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Northside Laundry and Cleaners Inc
Northside Laundry and Cleaners Inc is a dry cleaners & laundry company in Stillwater, Oklahoma, in business since 1970. Its estimated annual revenue is about $1.5M, with roughly $289K of EBITDA. It has about 13 employees. Its estimated business value is $752K (likely range $396K–$1.0M).
Common questions
- Who owns Northside Laundry and Cleaners Inc?
- The owner of Northside Laundry and Cleaners Inc 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 Northside Laundry and Cleaners Inc make?
- SeeBITDA estimates Northside Laundry and Cleaners Inc's annual revenue at about $1.5M (likely between $969K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Northside Laundry and Cleaners Inc worth?
- About $752K, roughly 2.6× its estimated EBITDA of $289K, typical for a dry cleaners & laundry company its size. Likely range: $396K–$1.0M.
- How many employees does Northside Laundry and Cleaners Inc have?
- About 13, as reported on its PPP loan.
- When was Northside Laundry and Cleaners Inc founded?
- Northside Laundry and Cleaners Inc has been in business since 1970.