Ricardos Restaurant Inc
- Richard HuntFounder and former owner · Company website
How we got $596K
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Likely to sell
- In business 51 years (since 1975)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Ricardo's Mexican Restaurant is a Tex Mex restaurant in Tulsa, OK, serving locals and families with affordable food. It has been operating for 50 years since 1975.
From the company's website. Industry: Restaurants.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RICARDOS RESTAURANT INC this business | $2.9M | — |
| Desi Wok Tulsa | $1.7M | 0.0 mi |
| Fat Guy's Burger Bar Tulsa | $1.7M | 0.0 mi |
| Panera Bread Tulsa | $1.7M | 0.1 mi |
| Zarley's Subz, Ice Cream & Smoothiez Tulsa | $1.7M | 0.1 mi |
| Crumbl Cookies Tulsa | $1.7M | 0.1 mi |
| The Big Biscuit Tulsa | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $284K |
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 | $596K |
| Multiple for this size and industry | 2.1× |
| Value range | $314K – $816K |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $187K – $324K |
| 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
History & advisors
Advisors
- BankingFirst Pryority 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 Pryority Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $110K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ricardos Restaurant Inc
Ricardos Restaurant Inc is a restaurants company in Tulsa, Oklahoma, in business since 1975. It is owned by Thomas Hunter (Current owner). Its estimated annual revenue is about $2.9M, with roughly $284K of EBITDA. It has about 34 employees. Its estimated business value is $596K (likely range $314K–$816K).
Common questions
- Who owns Ricardos Restaurant Inc?
- Ricardos Restaurant Inc is owned by Thomas Hunter (Current owner), according to public sources such as the company's website or filings.
- How much revenue does Ricardos Restaurant Inc make?
- SeeBITDA estimates Ricardos Restaurant Inc's annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ricardos Restaurant Inc worth?
- About $596K, roughly 2.1× its estimated EBITDA of $284K, typical for a restaurants company its size. Likely range: $314K–$816K.
- How many employees does Ricardos Restaurant Inc have?
- About 34, as reported on its PPP loan.
- When was Ricardos Restaurant Inc founded?
- Ricardos Restaurant Inc has been in business since 1975.
- Is Ricardos Restaurant Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 51 years (since 1975); no family successor named on its website.