Savoy Restaurant Inc
- Bill KelamisOperator (ran the restaurant with his mother Maxine and cont · Company website
How we got $843K
Based on its 33 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 29% 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 Some signs of a sale
- In business 108 years (since 1918)
From public records and the company's website, not a statement that it's for sale.
What they do
Savoy is a Tulsa breakfast and lunch restaurant serving scratch-made food, and it also offers catering for breakfast and brunch fare.
From the company's website. Industry: Restaurants.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SAVOY RESTAURANT INC this business | $4.4M | — |
| LA ROMA PIZZA, LLC Tulsa · 5 employees | $730K | 0.0 mi |
| Daylight Donuts Tulsa | $1.7M | 0.0 mi |
| Charlie's Chicken Tulsa | $1.7M | 0.1 mi |
| Ti Amo's 61st Street Tulsa | $1.7M | 0.1 mi |
| Ricardos Restaurant, Inc. Tulsa | $1.7M | 0.1 mi |
| TI-AMO INC. Tulsa · 64 employees | $5.4M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 33 |
| 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) | $5.6M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $401K |
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 | $843K |
| Multiple for this size and industry | 2.1× |
| Value range | $444K – $1.2M |
| Revenue range | $2.9M – $5.1M |
| EBITDA range | $264K – $458K |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“After working industriously and saving, in 1918, he opened the Kelamis Café at 16 S. Boston.”
Advisors
- BankingTriad Bank, National Association, Chickasaw Community 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
| Chickasaw Community Bank PPP 2021 | All 317 borrowers → |
| Triad Bank, National Association PPP 2020 | All 138 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $195K | 33 |
| 1/16/2021 | second | $277K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Savoy Restaurant Inc
Savoy Restaurant Inc is a restaurants company in Tulsa, Oklahoma, in business since 1918. Its estimated annual revenue is about $4.4M, with roughly $401K of EBITDA. It has about 33 employees. Its estimated business value is $843K (likely range $444K–$1.2M).
Common questions
- Who owns Savoy Restaurant Inc?
- The owner of Savoy Restaurant 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 Savoy Restaurant Inc make?
- SeeBITDA estimates Savoy Restaurant Inc's annual revenue at about $4.4M (likely between $2.9M and $5.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Savoy Restaurant Inc worth?
- About $843K, roughly 2.1× its estimated EBITDA of $401K, typical for a restaurants company its size. Likely range: $444K–$1.2M.
- How many employees does Savoy Restaurant Inc have?
- About 33, as reported on its PPP loan.
- When was Savoy Restaurant Inc founded?
- Savoy Restaurant Inc has been in business since 1918.