Physiques by Monique LLC
How we got $402K
Based on 10 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Physiques by Monique is a boutique fitness studio in Tulsa, OK offering group fitness classes (spin, strength, combo, stretch, foam rolling), personal training and semiprivate training, plus memberships and class passes.
From the company's website. Industry: Gyms & fitness.
Estimated value over time
▲ 23% 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 |
|---|---|---|
| PHYSIQUES BY MONIQUE LLC this business | $740K | — |
| Tulsa Combat Sports Tulsa | $793K | 0.1 mi |
| Balanced Bodies Massage & Movement Tulsa | $793K | 0.1 mi |
| Taylor Made Fitness Tulsa | $793K | 0.2 mi |
| Tulsa Karate Tulsa | $793K | 0.4 mi |
| CYCLEBAR Tulsa | $793K | 0.4 mi |
| Hillcrest Exercise & Lifestyle Programs Tulsa | $793K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Industry revenue per employee | $42K |
| Revenue = employees × revenue per employee | $740K |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $175K |
| Cross-check: revenue implied by PPP payroll | $126K |
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 | $402K |
| Multiple for this size and industry | 2.3× |
| Value range | $190K – $571K |
| Revenue range | $438K – $876K |
| EBITDA range | $103K – $207K |
| Industry (NAICS) | Fitness and Recreational Sports Centers (713940) |
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: 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
“After graduating from the (#1) University of Oklahoma in 2000, she began her career at St. John Health Club & quickly got promoted to manager and then began her own personal training business (Physiques by Monique, operated in SJHC) in 2008.”
Leadership
- JJJoy Jones-WashingtonCo-owner · Company website · source
- JJJennifer JacksonPersonal Trainer · Company website · source
Advisors
- BankingBank of America, 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
| Bank of America, National Association PPP 2020, PPP 2021 | All 1,034 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 | $5K | 10 |
| 1/29/2021 | second | $5K | 1 |
4 locations
| 1843 E 17TH ST | Tulsa | This listing |
| 1314 E 3rd St | Tulsa | View |
| 1314 S Peoria Ave | Tulsa | View |
| 3403 S Peoria Ave Ste 100 | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Physiques by Monique LLC
Physiques by Monique LLC is a gyms & fitness company in Tulsa, Oklahoma, in business since 2009. It is owned by Monique Washington (Founder/Owner). Its estimated annual revenue is about $740K, with roughly $175K of EBITDA. It has about 10 employees. Its estimated business value is $402K (likely range $190K–$571K). It has 4 locations.
Common questions
- Who owns Physiques by Monique LLC?
- Physiques by Monique LLC is owned by Monique Washington (Founder/Owner), according to public sources such as the company's website or filings.
- How much revenue does Physiques by Monique LLC make?
- SeeBITDA estimates Physiques by Monique LLC's annual revenue at about $740K (likely between $438K and $876K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Physiques by Monique LLC worth?
- About $402K, roughly 2.3× its estimated EBITDA of $175K, typical for a gyms & fitness company its size. Likely range: $190K–$571K.
- How many employees does Physiques by Monique LLC have?
- About 10, as reported on its PPP loan.
- When was Physiques by Monique LLC founded?
- Physiques by Monique LLC has been in business since 2009.