Poppi's Urban Spa L.L.C.
How we got $414K
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Poppi's Spa & Lounge is a spa and lounge in downtown Tulsa offering massage, body and skin treatments, packages, and gift cards. It describes itself as an urban oasis for mind and body rejuvenation.
From the company's website. Industry: Hair & beauty salons.
Estimated value over time
▲ 27% 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 |
|---|---|---|
| POPPI'S URBAN SPA L.L.C. this business | $1.0M | — |
| Urban Bath & Body Company Tulsa Boxyard Tulsa | $440K | 0.0 mi |
| DANA BRENDA LLC Tulsa · 2 employees | $289K | 0.2 mi |
| The Scissors Of Mercy Tulsa | $440K | 0.2 mi |
| The First Ward Tulsa | $440K | 0.2 mi |
| Same Good Tulsa | $440K | 0.2 mi |
| Jeff Thomas | Winsouls | Tulsa Motivational Speaker Tulsa | $440K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $712K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $197K |
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 | $414K |
| Multiple for this size and industry | 2.1× |
| Value range | $218K – $567K |
| Revenue range | $661K – $1.1M |
| EBITDA range | $130K – $225K |
| Industry (NAICS) | Other Personal Care Services (812199) |
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
“TJ founded Poppi's Spa and Lounge as a sanctuary for those seeking a moment of serenity and self-care.”
Advisors
- BankingGrand 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
| Grand Bank PPP 2020, PPP 2021 | All 407 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $33K | 8 |
| 1/27/2021 | second | $76K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Poppi's Urban Spa L.L.C.
Poppi's Urban Spa L.L.C. is a hair & beauty salons company in Tulsa, Oklahoma, in business since 2018. It is owned by TJ Woodberry (Owner/Founder). Its estimated annual revenue is about $1.0M, with roughly $197K of EBITDA. It has about 11 employees. Its estimated business value is $414K (likely range $218K–$567K).
Common questions
- Who owns Poppi's Urban Spa L.L.C.?
- Poppi's Urban Spa L.L.C. is owned by TJ Woodberry (Owner/Founder), according to public sources such as the company's website or filings.
- How much revenue does Poppi's Urban Spa L.L.C. make?
- SeeBITDA estimates Poppi's Urban Spa L.L.C.'s annual revenue at about $1.0M (likely between $661K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Poppi's Urban Spa L.L.C. worth?
- About $414K, roughly 2.1× its estimated EBITDA of $197K, typical for a hair & beauty salons company its size. Likely range: $218K–$567K.
- How many employees does Poppi's Urban Spa L.L.C. have?
- About 11, as reported on its PPP loan.
- When was Poppi's Urban Spa L.L.C. founded?
- Poppi's Urban Spa L.L.C. has been in business since 2018.