Springs Optical Ltd
How we got $102K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 19% 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 |
|---|---|---|
| SPRINGS OPTICAL LTD this business | $475K | — |
| SCHEFFE RX, INC Enid · 29 employees | $17.1M | 1.9 mi |
| NATURAL FOOD CENTER INC Enid · 5 employees | $1.7M | 1.9 mi |
| JILL M KENNEDY LLC Enid · 1 employees | $1.1M | 2.3 mi |
| EVANS PHARMACY LLC Enid · 49 employees | $22.2M | 2.4 mi |
| DIELRX, LLC Enid · 27 employees | $18.4M | 2.5 mi |
| PHARMCAREOK OF ENID INC. Enid · 21 employees | $12.5M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $485K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $358K |
| Estimate: the two combined (geometric mean) | $475K |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $51K |
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 | $102K |
| Multiple for this size and industry | 2× |
| Value range | $54K – $140K |
| Revenue range | $313K – $542K |
| EBITDA range | $34K – $58K |
| Industry (NAICS) | Retail Trade (446130) |
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: approximate sector default. 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
- BankingThe Security National Bank of EnidPPP / 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 Roles are as stated there and may be out of date.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
| The Security National Bank of Enid PPP 2020, PPP 2021 | All 204 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $8K | 1 |
| 1/16/2021 | second | $8K | 1 |
About Springs Optical Ltd
Springs Optical Ltd is a retail trade company in Enid, Oklahoma. Its estimated annual revenue is about $475K, with roughly $51K of EBITDA. It has about 1 employees. Its estimated business value is $102K (likely range $54K–$140K).
Common questions
- Who owns Springs Optical Ltd?
- The owner of Springs Optical Ltd 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 Springs Optical Ltd make?
- SeeBITDA estimates Springs Optical Ltd's annual revenue at about $475K (likely between $313K and $542K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Springs Optical Ltd worth?
- About $102K, roughly 2× its estimated EBITDA of $51K, typical for a retail trade company its size. Likely range: $54K–$140K.
- How many employees does Springs Optical Ltd have?
- About 1, as reported on its PPP loan.