Superior Linen Service Inc
How we got $44.9M
Based on its 249 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 72 years (since 1954)
- Family in the business (Laura Waldman, Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Superior Linen Service provides linen, towel, apparel and facility services, with branches across Oklahoma, Arkansas, Missouri and Kansas. The pages do not state the customer types it serves beyond the facility and hospitality/healthcare navigation labels.
From the company's website. Industry: Dry cleaners & laundry.
Estimated value over time
▲ 9% 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
▲ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 249 | $30.7M |
| 2020 | Form 5500 | 201 | $24.8M |
| 2021 | Form 5500 | 273 | $33.7M |
| 2022 | Form 5500 | 303 | $37.4M |
| 2023 | Form 5500 | 270 | $33.3M |
| 2024 | Form 5500 | 264 | $32.6M |
| 2025 | Form 5500 | 297 | $36.7M |
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 |
|---|---|---|
| SUPERIOR LINEN SERVICE INC this business | $61.5M | — |
| BLUE WATER RESTORATION, LLC Tulsa · 10 employees | $1.9M | 0.0 mi |
| Highlander Laundromat Tulsa | $668K | 0.5 mi |
| OK Laundromat Tulsa | $668K | 0.9 mi |
| Admiral Laundry Tulsa | $668K | 1.0 mi |
| Diamond Cleaners Tulsa | $668K | 1.1 mi |
| Rub A Dub Dub Coinless Laundry Tulsa | $668K | 1.4 mi |
The full calculation
| Employees reported to the SBA | 249 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $43.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $66.8M |
| Estimate: the two combined (geometric mean) | $61.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $8.2M |
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 | $44.9M |
| Multiple for this size and industry | 5.5× |
| Value range | $23.6M – $61.4M |
| Revenue range | $40.4M – $70.1M |
| EBITDA range | $5.4M – $9.3M |
| Industry (NAICS) | Linen Supply (812331) |
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
- LWLaura WaldmanVice President · Company website · source
- MKMike KnowlesChief Operating Officer · Company website · source
- DVDavid VarnerChief Finance & Strategy Officer · Company website · source
- RHRussell HoltChief Compliance Officer · Company website · source
- THTherese HoodDirector of Sales · Company website · source
- APAaron PierceAssociate Sales Director · Company website · source
- CWClaudette WomackDirector, Specialty Medical · Company website · source
- DGDavid GriggsDirector, Operations Development · Company website · source
- JSJarrad ShieldsGeneral Manager, Western Division · Company website · source
- JHJeff HarrisonDirector, Client Services · Company website · source
- JSJeff SmithBranch Manager, Wichita · Company website · source
- DRDouglas Ralph WaldmanSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- AccountingEide Bailly LLPAudits its 401(k) plan (2025 filing)
- 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 2020 | 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 |
|---|---|---|---|
| 4/4/2020 | first | $3.1M | 249 |
4 locations
| 6959 E 12th St | Tulsa | This listing |
| 3300 S 24th St W | Muskogee | View |
| 8224 W Reno Ave | Oklahoma City | View |
| 534 S Rockford Ave | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Superior Linen Service Inc
Superior Linen Service Inc is a dry cleaners & laundry company in Tulsa, Oklahoma, in business since 1954. It is owned by Douglas Waldman (President). Its estimated annual revenue is about $61.5M, with roughly $8.2M of EBITDA. It has about 297 employees. Its estimated business value is $44.9M (likely range $23.6M–$61.4M). It has 4 locations.
Common questions
- Who owns Superior Linen Service Inc?
- Superior Linen Service Inc is owned by Douglas Waldman (President), according to public sources such as the company's website or filings.
- How much revenue does Superior Linen Service Inc make?
- SeeBITDA estimates Superior Linen Service Inc's annual revenue at about $61.5M (likely between $40.4M and $70.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Superior Linen Service Inc worth?
- About $44.9M, roughly 5.5× its estimated EBITDA of $8.2M, typical for a dry cleaners & laundry company its size. Likely range: $23.6M–$61.4M.
- How many employees does Superior Linen Service Inc have?
- About 297, from its 2025 retirement-plan filing.
- When was Superior Linen Service Inc founded?
- Superior Linen Service Inc has been in business since 1954.