Spartan Two
How we got $431K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Spartan Two is a firearms training business in Edmond, OK, run by husband and wife Paul and Tracy Sinclair, offering small classes and mentoring for people who want to learn the safe and effective use of firearms for self-protection.
From the company's website. Industry: Other Amusement and Recreation Industries.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Spartan Two this business | $793K | — |
| Traditional Strength Oklahoma City | $793K | 0.4 mi |
| TeamFit Studios Oklahoma City | $793K | 0.4 mi |
| KANDY KOATED BOUTIQUE Edmond · 1 employees | $147K | 0.6 mi |
| Indoor 18 Edmond | $793K | 0.7 mi |
| BALANCE YOGA BARRE LLC Edmond · 30 employees | $3.2M | 0.8 mi |
| Spartan Fitness Training Co. Edmond | $793K | 1.0 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 | $431K |
| Multiple for this size and industry | 2.3× |
| Value range | $108K – $787K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Other Amusement and Recreation Industries businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (24%). Treat these as a rough guide.
| Revenue range | $247K – $1.2M |
| EBITDA range | $58K – $285K |
| Industry (NAICS) | Other Amusement and Recreation Industries (7139) |
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 Spartan Two
Spartan Two is an other amusement and recreation industries company in Edmond, Oklahoma, in business since 2016. It is owned by Paul Sinclair. Its estimated annual revenue is about $793K, with roughly $187K of EBITDA. Its estimated business value is $431K (likely range $108K–$787K).
Common questions
- Who owns Spartan Two?
- Spartan Two is owned by Paul Sinclair, according to public sources such as the company's website or filings.
- How much revenue does Spartan Two make?
- SeeBITDA estimates Spartan Two's annual revenue at about $793K (likely between $247K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spartan Two worth?
- About $431K, roughly 2.3× its estimated EBITDA of $187K, typical for a other amusement and recreation industries company its size. Likely range: $108K–$787K.
- When was Spartan Two founded?
- Spartan Two has been in business since 2016.