How we got $332K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 34 years (since 1992)
- Founder still runs it after 34 years
From public records and the company's website, not a statement that it's for sale.
What they do
Sharetea is a premium bubble tea brand founded in 1992 that serves boba tea drinks through its stores and offers catering and franchise opportunities. Its drinks use ingredients shipped directly from Taiwan.
From the company's website. Industry: Restaurants.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Sharetea this business | $1.7M | — |
| Ling's Cakery Oklahoma City | $1.7M | 0.0 mi |
| Gong Cha | $1.7M | 0.0 mi |
| TIEN INC. Oklahoma City · 12 employees | $1.2M | 0.0 mi |
| MILK TEA RESERVES LLC Oklahoma City · 11 employees | $706K | 0.1 mi |
| Hot Pot Heroes Oklahoma City | $1.7M | 0.1 mi |
| Chinese Restaurant Oklahoma City | $1.7M | 0.1 mi |
The full calculation
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 | $332K |
| Multiple for this size and industry | 1.8× |
| Value range | $118K – $518K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Restaurants and Other Eating Places businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (11%). Treat these as a rough guide.
| Revenue range | $752K – $2.2M |
| EBITDA range | $82K – $240K |
| 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
History & advisors
“Mr. Cheng Kai-Lung, the founder of Sharetea, was working in the film and TV industry as a director in 1992.”
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 Roles are as stated there and may be out of date.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 Sharetea
Sharetea is a restaurants company in Oklahoma City, Oklahoma, in business since 1992. It is owned by Cheng Kai-Lung (Founder). Its estimated annual revenue is about $1.7M, with roughly $184K of EBITDA. Its estimated business value is $332K (likely range $118K–$518K).
Common questions
- Who owns Sharetea?
- Sharetea is owned by Cheng Kai-Lung (Founder), according to public sources such as the company's website or filings.
- How much revenue does Sharetea make?
- SeeBITDA estimates Sharetea's annual revenue at about $1.7M (likely between $752K and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Sharetea worth?
- About $332K, roughly 1.8× its estimated EBITDA of $184K, typical for a restaurants company its size. Likely range: $118K–$518K.
- When was Sharetea founded?
- Sharetea has been in business since 1992.
- Is Sharetea for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 34 years (since 1992); founder still runs it after 34 years.