Ray's Travel Service, Inc
How we got $424K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
What they do
Ray's Travel Service is a family owned and operated travel agency in Ada, Oklahoma, offering travel planning, bookings, tours and cruises for travelers.
From the company's website. Industry: Travel Agencies.
Customers & suppliers
Suppliers & brands
- American Airlines · brand it sells or installs
- Funjet Vacations · brand it sells or installs
Estimated value over time
▲ 31% 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 |
|---|---|---|
| RAY'S TRAVEL SERVICE, INC this business | $1.3M | — |
| Ada Chamber of Commerce Ada | $190K | 0.3 mi |
| Magellan Pipe Line Co. Allen | $1.7M | 16.1 mi |
| Haverstreng Guest Ranch Oklahoma Stratford | $1.7M | 21.9 mi |
| Chickasaw Visitor Center Sulphur | $1.7M | 24.8 mi |
| Travel Time Sulphur | $1.7M | 25.3 mi |
| Mystical dreams Holdenville | $1.7M | 25.9 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $941K |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $169K |
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 | $424K |
| Multiple for this size and industry | 2.5× |
| Value range | $223K – $580K |
| Revenue range | $858K – $1.5M |
| EBITDA range | $111K – $193K |
| Industry (NAICS) | Travel Agencies (561510) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingCitizens Bank of AdaPPP / 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
| Citizens Bank of Ada PPP 2020, PPP 2021 | All 171 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $15K | 3 |
| 1/16/2021 | second | $17K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ray's Travel Service, Inc
Ray's Travel Service, Inc is a travel agencies company in Ada, Oklahoma, in business since 2006. Its estimated annual revenue is about $1.3M, with roughly $169K of EBITDA. It has about 3 employees. Its estimated business value is $424K (likely range $223K–$580K).
Common questions
- Who owns Ray's Travel Service, Inc?
- The owner of Ray's Travel Service, 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 Ray's Travel Service, Inc make?
- SeeBITDA estimates Ray's Travel Service, Inc's annual revenue at about $1.3M (likely between $858K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ray's Travel Service, Inc worth?
- About $424K, roughly 2.5× its estimated EBITDA of $169K, typical for a travel agencies company its size. Likely range: $223K–$580K.
- How many employees does Ray's Travel Service, Inc have?
- About 3, as reported on its PPP loan.
- When was Ray's Travel Service, Inc founded?
- Ray's Travel Service, Inc has been in business since 2006.