Steve's Rib Inc Fox Lake
How we got $200K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Steve's Rib is a barbecue restaurant in Edmond, Oklahoma, known for ribs and barbecue, that also offers catering for special events.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 26% 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 |
|---|---|---|
| STEVE'S RIB INC FOX LAKE this business | $1.0M | — |
| Ocean Taste Edmond | $1.7M | 0.0 mi |
| Sushi Thai Delight i-35 Edmond | $1.7M | 0.0 mi |
| Crumbl - Edmond Edmond | $1.7M | 0.1 mi |
| EAST EDMOND WINGS, LLC Edmond · 98 employees | $8.2M | 0.1 mi |
| Chick-fil-A Edmond | $1.7M | 0.1 mi |
| Taco Bell Edmond | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $901K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $882K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $111K |
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 | $200K |
| Multiple for this size and industry | 1.8× |
| Value range | $105K – $273K |
| Revenue range | $669K – $1.2M |
| EBITDA range | $73K – $127K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $33K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Steve's Rib Inc Fox Lake
Steve's Rib Inc Fox Lake is a restaurants company in Edmond, Oklahoma, in business since 2002. It is owned by Karen and Steve Seikel. Its estimated annual revenue is about $1.0M, with roughly $111K of EBITDA. It has about 10 employees. Its estimated business value is $200K (likely range $105K–$273K).
Common questions
- Who owns Steve's Rib Inc Fox Lake?
- Steve's Rib Inc Fox Lake is owned by Karen and Steve Seikel, according to public sources such as the company's website or filings.
- How much revenue does Steve's Rib Inc Fox Lake make?
- SeeBITDA estimates Steve's Rib Inc Fox Lake's annual revenue at about $1.0M (likely between $669K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Steve's Rib Inc Fox Lake worth?
- About $200K, roughly 1.8× its estimated EBITDA of $111K, typical for a restaurants company its size. Likely range: $105K–$273K.
- How many employees does Steve's Rib Inc Fox Lake have?
- About 10, as reported on its PPP loan.
- When was Steve's Rib Inc Fox Lake founded?
- Steve's Rib Inc Fox Lake has been in business since 2002.