How we got $184K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 101 years (since 1925)
From public records and the company's website, not a statement that it's for sale.
What they do
The Mayo Hotel & Residences is a boutique hotel in downtown Tulsa with guest rooms, luxury apartments, restaurants and bars, and event and wedding venues. It serves visitors to Tulsa and residents seeking downtown apartments.
From the company's website. Industry: Bars.
Customers & suppliers
Suppliers & brands
- Starbucks · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Penthouse this business | $757K | — |
| Orpha's Lounge Tulsa | $757K | 0.0 mi |
| JESS DOWN TOWN, INC. Tulsa · 6 employees | $619K | 0.1 mi |
| METROBAR CONCEPTS LLC Tulsa · 4 employees | $707K | 0.1 mi |
| Mixed Company Tulsa | $757K | 0.1 mi |
| Kickers dance & saloon Tulsa | $757K | 0.2 mi |
| The Placery Restaurant and Bar Tulsa | $757K | 0.2 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 | $184K |
| Multiple for this size and industry | 1.9× |
| Value range | $82K – $276K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Drinking Places (Alcoholic Beverages) businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (13%). Treat these as a rough guide.
| Revenue range | $423K – $945K |
| EBITDA range | $54K – $121K |
| Industry (NAICS) | Drinking Places (Alcoholic Beverages) (7224) |
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
“The Mayo Hotel story began nearly a century ago with two brothers – Cass A. Mayo and John D. Mayo.”
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 Penthouse
Penthouse is a bars company in Tulsa, Oklahoma, in business since 1925. It is owned by Snyder family. Its estimated annual revenue is about $757K, with roughly $97K of EBITDA. Its estimated business value is $184K (likely range $82K–$276K).
Common questions
- Who owns Penthouse?
- Penthouse is owned by Snyder family, according to public sources such as the company's website or filings.
- How much revenue does Penthouse make?
- SeeBITDA estimates Penthouse's annual revenue at about $757K (likely between $423K and $945K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Penthouse worth?
- About $184K, roughly 1.9× its estimated EBITDA of $97K, typical for a bars company its size. Likely range: $82K–$276K.
- When was Penthouse founded?
- Penthouse has been in business since 1925.