Braum’s
How we got $60.1M
Based on 2,780 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 35% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 14% 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
▼ 31% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 4,024 | $247.0M |
| 2021 | Form 5500 | 3,710 | $227.7M |
| 2022 | Form 5500 | 4,013 | $246.3M |
| 2023 | Form 5500 | 4,268 | $261.9M |
| 2024 | Form 5500 | 2,780 | $170.6M |
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 |
|---|---|---|
| Braum’s this business | $175.4M | — |
| Woodbridge Restaurant Oklahoma City | $990K | 0.1 mi |
| Sonic Drive-in Of Salado, Ltd Oklahoma City | $990K | 0.1 mi |
| Sdi Of Rayford, Ltd Oklahoma City | $990K | 0.1 mi |
| SDI 19764 CYPRESSWOOD, LTD Oklahoma City · 33 employees | $1.8M | 0.1 mi |
| SDI 4810 WILSON, LTD. Oklahoma City · 28 employees | $1.8M | 0.1 mi |
| SDI ATASCOCITA HUMBLE, LTD. Oklahoma City · 20 employees | $1.4M | 0.1 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $60.1M |
| Multiple for this size and industry | 5.3× |
| Value range | $38.4M – $108.1M |
| Employees in its retirement plan (2024 Form 5500) | 2,780 |
| Industry revenue per employee | $61K |
| Revenue = employees × revenue per employee | $175.4M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $11.3M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $140.4M – $263.2M |
| EBITDA range | $9.1M – $17.0M |
| Industry (NAICS) | Restaurants and Other Eating Places (7225) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Advisors
- AccountingCPA Okc, LLCAudits its 401(k) plan (2024 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Braum’s
Braum’s is a restaurants company in Oklahoma City, Oklahoma. It is owned by Drew Braum (Chief Executive Officer). Its estimated annual revenue is about $175.4M, with roughly $11.3M of EBITDA. It has about 2,780 employees. Its estimated business value is $60.1M (likely range $38.4M–$108.1M).
Common questions
- Who owns Braum’s?
- Braum’s is owned by Drew Braum (Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Braum’s make?
- SeeBITDA estimates Braum’s's annual revenue at about $175.4M (likely between $140.4M and $263.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Braum’s worth?
- About $60.1M, roughly 5.3× its estimated EBITDA of $11.3M, typical for a restaurants company its size. Likely range: $38.4M–$108.1M.
- How many employees does Braum’s have?
- About 2,780, from its 2024 retirement-plan filing.