Bill and Ruth's Submarine Shops
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 32 years (since 1994)
- Founder still runs it after 32 years
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Bill and Ruth's Submarine Shops this business | $1.7M | — |
| La Reyna Taquería Tulsa | $1.7M | 0.0 mi |
| Pupuseria Y Antojitos La Joyita Tulsa | $1.7M | 0.1 mi |
| El Tejavancito Tulsa | $1.7M | 0.1 mi |
| Taquiza's Juarez Tulsa | $1.7M | 0.1 mi |
| Mary's Tamales and More Tulsa | $1.7M | 0.1 mi |
| A & A CORNER CAFE INC Tulsa · 14 employees | $1.2M | 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
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bill and Ruth's Submarine Shops
Bill and Ruth's Submarine Shops is a restaurants company in Tulsa, Oklahoma, in business since 1994. It is owned by Clark Nowlin (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 Bill and Ruth's Submarine Shops?
- Bill and Ruth's Submarine Shops is owned by Clark Nowlin (Founder), according to public sources such as the company's website or filings.
- How much revenue does Bill and Ruth's Submarine Shops make?
- SeeBITDA estimates Bill and Ruth's Submarine Shops'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 Bill and Ruth's Submarine Shops worth?
- About $332K, roughly 1.8× its estimated EBITDA of $184K, typical for a restaurants company its size. Likely range: $118K–$518K.
- When was Bill and Ruth's Submarine Shops founded?
- Bill and Ruth's Submarine Shops has been in business since 1994.
- Is Bill and Ruth's Submarine Shops for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 32 years (since 1994); founder still runs it after 32 years.