Southern Eateries Inc.
How we got $389K
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTHERN EATERIES INC. this business | $2.2M | — |
| Mazzio's Grove | $1.7M | 0.0 mi |
| Krispy Krunchy Chicken Grove | $1.7M | 0.1 mi |
| Dairy Queen Grill & Chill Grove | $1.7M | 0.1 mi |
| DQ Grill & Chill Grove | $1.7M | 0.1 mi |
| Casey's Grove | $1.7M | 0.1 mi |
| Sonic Drive In Grove | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $216K |
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 | $389K |
| Multiple for this size and industry | 1.8× |
| Value range | $205K – $533K |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $142K – $247K |
| Industry (NAICS) | Limited-Service Restaurants (722513) |
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
- BankingBank of Grand LakePPP / 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 Roles are as stated there and may be out of date.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
| Bank of Grand Lake PPP 2020 | All 112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $65K | 24 |
About Southern Eateries Inc.
Southern Eateries Inc. is a restaurants company in Grove, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $216K of EBITDA. It has about 24 employees. Its estimated business value is $389K (likely range $205K–$533K).
Common questions
- Who owns Southern Eateries Inc.?
- The owner of Southern Eateries 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 Southern Eateries Inc. make?
- SeeBITDA estimates Southern Eateries Inc.'s annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southern Eateries Inc. worth?
- About $389K, roughly 1.8× its estimated EBITDA of $216K, typical for a restaurants company its size. Likely range: $205K–$533K.
- How many employees does Southern Eateries Inc. have?
- About 24, as reported on its PPP loan.