Pelican's Restaurant
How we got $645K
Based on its 37 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 46 years (since 1980)
From public records and the company's website, not a statement that it's for sale.
What they do
Pelican's Restaurant is a seafood and steak restaurant in Midwest City, Oklahoma, offering event catering and private parties. It says it has served Oklahoma for over 40 years with Black Angus steaks, chicken, seafood and pasta dishes.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 26% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PELICAN'S RESTAURANT this business | $3.1M | — |
| PACIFIC PIER INC Midwest City · 36 employees | $3.0M | 0.0 mi |
| Ron's Hamburgers & Chili Midwest City | $1.7M | 0.1 mi |
| Slice of Heaven Oklahoma City | $1.7M | 0.1 mi |
| PETE & BEVOS RESTAURANT GROUP LLC Oklahoma City · 12 employees | $1.3M | 0.1 mi |
| New China Midwest City | $1.7M | 0.2 mi |
| Tacos Jalisco Midwest City | $1.7M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $307K |
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 | $645K |
| Multiple for this size and industry | 2.1× |
| Value range | $340K – $883K |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $202K – $350K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Since 1980, Pelican's has been serving the Oklahoma City area perfectly seasoned premium Black Angus steaks grilled over an open flame, succulent seafood, and pasta dishes.”
Advisors
- BankingFirst Fidelity BankPPP / 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
| First Fidelity Bank PPP 2020 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $118K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pelican's Restaurant
Pelican's Restaurant is a restaurants company in Oklahoma City, Oklahoma, in business since 1980. Its estimated annual revenue is about $3.1M, with roughly $307K of EBITDA. It has about 37 employees. Its estimated business value is $645K (likely range $340K–$883K).
Common questions
- Who owns Pelican's Restaurant?
- The owner of Pelican's Restaurant 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 Pelican's Restaurant make?
- SeeBITDA estimates Pelican's Restaurant's annual revenue at about $3.1M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pelican's Restaurant worth?
- About $645K, roughly 2.1× its estimated EBITDA of $307K, typical for a restaurants company its size. Likely range: $340K–$883K.
- How many employees does Pelican's Restaurant have?
- About 37, as reported on its PPP loan.
- When was Pelican's Restaurant founded?
- Pelican's Restaurant has been in business since 1980.