Spruce Blow Dry Bar + Salon LLC
How we got $299K
Based on its 11 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 36% since 2021Today'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 |
|---|---|---|
| SPRUCE BLOW DRY BAR + SALON LLC this business | $726K | — |
| SPRUCE BLOW DRY BAR AND SALON Norman · 12 employees | $763K | 0.1 mi |
| Beauty & Designz Studio Lounge LLC Norman | $436K | 0.3 mi |
| Sandy Beaches Norman | $436K | 0.4 mi |
| Rock Paper Scissor Hair Bar Norman | $436K | 0.4 mi |
| Take Five 4 Human Grooming Norman | $436K | 0.8 mi |
| Mave Beauty Norman | $436K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $888K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $457K |
| Estimate: the two combined (geometric mean) | $726K |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $143K |
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 | $299K |
| Multiple for this size and industry | 2.1× |
| Value range | $158K – $410K |
| Revenue range | $478K – $828K |
| EBITDA range | $94K – $163K |
| Industry (NAICS) | Beauty Salons (812112) |
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
- BankingBOKF, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| BOKF, National Association PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2021 | second | $30K | 11 |
About Spruce Blow Dry Bar + Salon LLC
Spruce Blow Dry Bar + Salon LLC is a hair & beauty salons company in Norman, Oklahoma. Its estimated annual revenue is about $726K, with roughly $143K of EBITDA. It has about 11 employees. Its estimated business value is $299K (likely range $158K–$410K).
Common questions
- Who owns Spruce Blow Dry Bar + Salon LLC?
- The owner of Spruce Blow Dry Bar + Salon LLC 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 Spruce Blow Dry Bar + Salon LLC make?
- SeeBITDA estimates Spruce Blow Dry Bar + Salon LLC's annual revenue at about $726K (likely between $478K and $828K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spruce Blow Dry Bar + Salon LLC worth?
- About $299K, roughly 2.1× its estimated EBITDA of $143K, typical for a hair & beauty salons company its size. Likely range: $158K–$410K.
- How many employees does Spruce Blow Dry Bar + Salon LLC have?
- About 11, as reported on its PPP loan.