Morgan Studio
How we got $534K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Morgan Studio is a Tulsa, Oklahoma photography business run by Michael S Morgan, who says he has been a professional photographer for over 44 years. The blog mostly covers his personal life, garden, and travel, with a few mentions of photography projects.
From the company's website. Industry: Professional, scientific, and technical services.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Morgan Studio this business | $1.1M | — |
| PROMOAD LLC Tulsa · 1 employees | $397K | 0.3 mi |
| Quest Elevator Inc. Tulsa | $2.0M | 0.3 mi |
| E3 Bookkeeping Tulsa | $735K | 0.3 mi |
| AERIAL DATA SERVICE, INC. Tulsa · 39 employees | $10.2M | 0.3 mi |
| MINERT & ASSOCIATES, PLLC Tulsa · 8 employees | $1.2M | 0.3 mi |
| Harrison House Publishing, Inc. Tulsa | $735K | 0.3 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 | $534K |
| Multiple for this size and industry | 2.5× |
| Value range | $157K – $957K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Professional, scientific, and technical services businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (20%). Treat these as a rough guide.
| Revenue range | $396K – $1.6M |
| EBITDA range | $78K – $319K |
| Industry (NAICS) | Professional, scientific, and technical services (54) |
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 Morgan Studio
Morgan Studio is a professional, scientific, and technical services company in Tulsa, Oklahoma, in business since 2020. It is owned by Michael S Morgan. Its estimated annual revenue is about $1.1M, with roughly $214K of EBITDA. Its estimated business value is $534K (likely range $157K–$957K).
Common questions
- Who owns Morgan Studio?
- Morgan Studio is owned by Michael S Morgan, according to public sources such as the company's website or filings.
- How much revenue does Morgan Studio make?
- SeeBITDA estimates Morgan Studio's annual revenue at about $1.1M (likely between $396K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morgan Studio worth?
- About $534K, roughly 2.5× its estimated EBITDA of $214K, typical for a professional, scientific, and technical services company its size. Likely range: $157K–$957K.
- When was Morgan Studio founded?
- Morgan Studio has been in business since 2020.