Spears World Travel Service, Inc
How we got $2.6M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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.
Employees over time
▼ 36% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $5.8M |
| 2020 | Form 5500 | 9 | $3.8M |
| 2021 | Form 5500 | 9 | $3.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPEARS WORLD TRAVEL SERVICE, INC this business | $7.1M | — |
| Visit Bartlesville Bartlesville | $1.7M | 0.2 mi |
| Bartlesville Area Convention & Visitors Bureau Bartlesville | $1.7M | 0.2 mi |
| Hertz Car Rental - Bartlesville - South Morton HLE Bartlesville | $1.7M | 0.8 mi |
| GO GLOBAL LTD Bartlesville · 8 employees | $4.1M | 3.0 mi |
| MACLLVAINE CONSULTING LLC Bartlesville · 2 employees | $1.7M | 3.6 mi |
| Roaming the Osage Historic-Scenic Tour Pawhuska | $1.7M | 20.5 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.5M |
| Estimate: the two combined (geometric mean) | $7.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $671K |
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 | $2.6M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.3M – $3.5M |
| Revenue range | $4.7M – $8.1M |
| EBITDA range | $442K – $766K |
| Industry (NAICS) | Travel Agencies (561510) |
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
Leadership
- GSGary SpearsSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $141K | 14 |
| 1/25/2021 | second | $141K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spears World Travel Service, Inc
Spears World Travel Service, Inc is a travel agencies company in Bartlesville, Oklahoma, in business since 1997. Its estimated annual revenue is about $7.1M, with roughly $671K of EBITDA. It has about 9 employees. Its estimated business value is $2.6M (likely range $1.3M–$3.5M).
Common questions
- Who owns Spears World Travel Service, Inc?
- The owner of Spears World Travel Service, 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 Spears World Travel Service, Inc make?
- SeeBITDA estimates Spears World Travel Service, Inc's annual revenue at about $7.1M (likely between $4.7M and $8.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spears World Travel Service, Inc worth?
- About $2.6M, roughly 3.8× its estimated EBITDA of $671K, typical for a travel agencies company its size. Likely range: $1.3M–$3.5M.
- How many employees does Spears World Travel Service, Inc have?
- About 9, from its 2021 retirement-plan filing.
- When was Spears World Travel Service, Inc founded?
- Spears World Travel Service, Inc has been in business since 1997.