Palmetto Midwest Fitness, Inc.
How we got $5.0M
Based on its 63 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 24% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
The full calculation
| Employees reported to the SBA | 63 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.2M |
| Estimate: the two combined (geometric mean) | $11.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.1M |
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 | $5.0M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.6M – $6.9M |
| Revenue range | $7.3M – $12.7M |
| EBITDA range | $735K – $1.3M |
| Industry (NAICS) | Unclassified (n/a) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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: sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingJPMorgan Chase Bank, National AssociationPPP / SBA lender
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 Roles are as stated there and may be out of date.
Banking relationships
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $195K | 63 |
About Palmetto Midwest Fitness, Inc.
Palmetto Midwest Fitness, Inc. is an unclassified company in Tulsa, Oklahoma. Its estimated annual revenue is about $11.2M, with roughly $1.1M of EBITDA. It has about 63 employees. Its estimated business value is $5.0M (likely range $2.6M–$6.9M).
Common questions
- Who owns Palmetto Midwest Fitness, Inc.?
- The owner of Palmetto Midwest Fitness, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Palmetto Midwest Fitness, Inc. make?
- SeeBITDA estimates Palmetto Midwest Fitness, Inc.'s annual revenue at about $11.2M (likely between $7.3M and $12.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Palmetto Midwest Fitness, Inc. worth?
- About $5.0M, roughly 4.5× its estimated EBITDA of $1.1M, typical for a unclassified company its size. Likely range: $2.6M–$6.9M.
- How many employees does Palmetto Midwest Fitness, Inc. have?
- About 63, as reported on its PPP loan.