Read Smart LLC
How we got $506K
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Read Smart provides individualized reading instruction for children from Pre-K through 6th grade, with one-on-one sessions and customized plans. It has locations in Tulsa, Broken Arrow and Owasso, Oklahoma.
From the company's website. Industry: Educational Services.
Estimated value over time
▲ 42% 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 |
|---|---|---|
| READ SMART LLC this business | $936K | — |
| LAKE HILLS MONTESSORI TULSA LLC Tulsa · 10 employees | $1.4M | 1.8 mi |
| REGENT PREPARATORY SCHOOL OF OKLAHOMA Tulsa · 76 employees | $8.4M | 2.4 mi |
| HOLLAND HALL Tulsa · 174 employees | $30.2M | 3.1 mi |
| MINGO VALLEY CHRISTIAN SCHOOL, INC Tulsa · 41 employees | $4.1M | 3.3 mi |
| RAINBOW MONTESSORI SCHOOL LLC Tulsa · 3 employees | $490K | 3.6 mi |
| INNOVATIVE EDUCATION SERVICES LLC Tulsa · 15 employees | $1.7M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $744K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $906K |
| Estimate: the two combined (geometric mean) | $936K |
| EBITDA margin (industry, adjusted for size) | 21% |
| EBITDA = revenue × margin | $195K |
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 | $506K |
| Multiple for this size and industry | 2.6× |
| Value range | $266K – $693K |
| Revenue range | $616K – $1.1M |
| EBITDA range | $128K – $222K |
| Industry (NAICS) | Educational Services (611110) |
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
Advisors
- BankingFirst Oklahoma 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 Oklahoma Bank PPP 2020 | All 695 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 | $37K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Read Smart LLC
Read Smart LLC is an educational services company in Tulsa, Oklahoma, in business since 2013. Its estimated annual revenue is about $936K, with roughly $195K of EBITDA. It has about 7 employees. Its estimated business value is $506K (likely range $266K–$693K).
Common questions
- Who owns Read Smart LLC?
- The owner of Read Smart LLC 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 Read Smart LLC make?
- SeeBITDA estimates Read Smart LLC's annual revenue at about $936K (likely between $616K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Read Smart LLC worth?
- About $506K, roughly 2.6× its estimated EBITDA of $195K, typical for a educational services company its size. Likely range: $266K–$693K.
- How many employees does Read Smart LLC have?
- About 7, as reported on its PPP loan.
- When was Read Smart LLC founded?
- Read Smart LLC has been in business since 2013.