Running of the Bulls Inc.
How we got $986K
Based on its 5 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 25% since 2021Today'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 |
|---|---|---|
| RUNNING OF THE BULLS INC. this business | $2.8M | — |
| Spears Travel Tulsa | $1.7M | 0.3 mi |
| Great Lakes Cruises Tulsa | $1.7M | 0.7 mi |
| Enterprise Rent-A-Car Tulsa | $1.7M | 1.2 mi |
| LIN KOBSEY TRAVEL, LLC Tulsa · 1 employees | $647K | 1.3 mi |
| Enterprise Rent-A-Car Tulsa | $1.7M | 1.5 mi |
| Colorado Tours Tulsa | $1.7M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $329K |
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 | $986K |
| Multiple for this size and industry | 3× |
| Value range | $519K – $1.3M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $216K – $375K |
| Industry (NAICS) | Tour Operators (561520) |
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
- 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 Roles are as stated there and may be out of date.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 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 |
|---|---|---|---|
| 1/20/2021 | second | $39K | 5 |
About Running of the Bulls Inc.
Running of the Bulls Inc. is a tour operators company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.8M, with roughly $329K of EBITDA. It has about 5 employees. Its estimated business value is $986K (likely range $519K–$1.3M).
Common questions
- Who owns Running of the Bulls Inc.?
- The owner of Running of the Bulls 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 Running of the Bulls Inc. make?
- SeeBITDA estimates Running of the Bulls Inc.'s annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Running of the Bulls Inc. worth?
- About $986K, roughly 3× its estimated EBITDA of $329K, typical for a tour operators company its size. Likely range: $519K–$1.3M.
- How many employees does Running of the Bulls Inc. have?
- About 5, as reported on its PPP loan.