Specialty Bakery of Tulsa, Inc.
- Jason ButelVice President of Operations · Company website
- Steve HellerChief Financial Officer · Company website
- John RobinsonHR, Sales · Company website
How we got $5.0M
Based on its 35 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 34% 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 37 years (since 1989)
- Founder still runs it after 37 years
- Family in the business (John Robinson, HR, Sales)
From public records and the company's website, not a statement that it's for sale.
What they do
Specialty Bakery of Tulsa, Inc. is a Tulsa, Oklahoma based commercial bakery that makes custom bread, rolls and buns for food service customers. It says it ships 36,000 pounds of bread products every day.
From the company's website. Industry: Commercial Bakeries.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPECIALTY BAKERY OF TULSA, INC. this business | $13.8M | — |
| Pancho Anaya Bakery Tulsa | $1.7M | 0.7 mi |
| Daylight Donuts Tulsa | $1.7M | 1.0 mi |
| FELIZSTA LLC Tulsa · 5 employees | $573K | 1.2 mi |
| Tia's Superfood Brownies Tulsa | $1.7M | 1.2 mi |
| SUNRAY BAKERY CAFE LLC Tulsa · 2 employees | $322K | 1.3 mi |
| Barbee Cookies Downtown Tulsa | $1.7M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.6M |
| Estimate: the two combined (geometric mean) | $13.8M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $1.1M |
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 | $5.0M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.7M – $6.9M |
| Revenue range | $9.1M – $15.7M |
| EBITDA range | $738K – $1.3M |
| Industry (NAICS) | Commercial Bakeries (311812) |
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
“Specialty Bakery of Tulsa (SBT) was established in 1989 by Lan Robinson.”
Advisors
- BankingAmerican Heritage Bank, First Bank of OwassoPPP / 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
| American Heritage Bank PPP 2020 | All 446 borrowers → |
| First Bank of Owasso 504 2025, PPP 2021 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $320K | 25 |
| 1/16/2021 | second | $355K | 35 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Specialty Bakery of Tulsa, Inc.
Specialty Bakery of Tulsa, Inc. is a commercial bakeries company in Tulsa, Oklahoma, in business since 1989. It is owned by Lan Robinson (Founder). Its estimated annual revenue is about $13.8M, with roughly $1.1M of EBITDA. It has about 35 employees. Its estimated business value is $5.0M (likely range $2.7M–$6.9M).
Common questions
- Who owns Specialty Bakery of Tulsa, Inc.?
- Specialty Bakery of Tulsa, Inc. is owned by Lan Robinson (Founder), according to public sources such as the company's website or filings.
- How much revenue does Specialty Bakery of Tulsa, Inc. make?
- SeeBITDA estimates Specialty Bakery of Tulsa, Inc.'s annual revenue at about $13.8M (likely between $9.1M and $15.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Specialty Bakery of Tulsa, Inc. worth?
- About $5.0M, roughly 4.5× its estimated EBITDA of $1.1M, typical for a commercial bakeries company its size. Likely range: $2.7M–$6.9M.
- How many employees does Specialty Bakery of Tulsa, Inc. have?
- About 35, as reported on its PPP loan.
- When was Specialty Bakery of Tulsa, Inc. founded?
- Specialty Bakery of Tulsa, Inc. has been in business since 1989.