The Chop Shop LLC
How we got $71K
Based on 1 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Some signs of a sale
- In business 20 years (since 2006)
- Founder still runs it after 20 years
From public records and the company's website, not a statement that it's for sale.
What they do
Bottoms Up Chop Shop is a Harley Davidson service, customization and performance shop in Collinsville, Oklahoma, serving Harley riders.
From the company's website. Industry: Hair & beauty salons.
Customers & suppliers
Suppliers & brands
- Amsoil · brand it sells or installs
- Bel-Ray · brand it sells or installs
Estimated value over time
▲ 42% 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 |
|---|---|---|
| THE CHOP SHOP LLC this business | $146K | — |
| Pure Image Barbershop Collinsville | $440K | 0.0 mi |
| Cardinal Nails & Spa Collinsville | $440K | 0.0 mi |
| Glaze Salon Collinsville | $440K | 0.1 mi |
| Hair It Is Collinsville | $440K | 0.1 mi |
| The Beauty Bar Collinsville | $440K | 0.1 mi |
| Jade Nails and Spa Collinsville | $440K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Industry revenue per employee | $63K |
| Revenue = employees × revenue per employee | $146K |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $34K |
| Cross-check: revenue implied by PPP payroll | $378K |
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 | $71K |
| Multiple for this size and industry | 2.1× |
| Value range | $33K – $100K |
| Revenue range | $86K – $173K |
| EBITDA range | $20K – $40K |
| Industry (NAICS) | Beauty Salons (812112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
People & advisors
Advisors
- BankingAmerican Bank of OklahomaPPP / 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 Bank of Oklahoma PPP 2020, PPP 2021 | All 137 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/14/2020 | first | $15K | 1 |
| 4/16/2021 | second | $15K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Chop Shop LLC
The Chop Shop LLC is a hair & beauty salons company in Collinsville, Oklahoma, in business since 2006. It is owned by Michael Steel (Founder). Its estimated annual revenue is about $146K, with roughly $34K of EBITDA. It has about 1 employees. Its estimated business value is $71K (likely range $33K–$100K).
Common questions
- Who owns The Chop Shop LLC?
- The Chop Shop LLC is owned by Michael Steel (Founder), according to public sources such as the company's website or filings.
- How much revenue does The Chop Shop LLC make?
- SeeBITDA estimates The Chop Shop LLC's annual revenue at about $146K (likely between $86K and $173K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Chop Shop LLC worth?
- About $71K, roughly 2.1× its estimated EBITDA of $34K, typical for a hair & beauty salons company its size. Likely range: $33K–$100K.
- How many employees does The Chop Shop LLC have?
- About 1, as reported on its PPP loan.
- When was The Chop Shop LLC founded?
- The Chop Shop LLC has been in business since 2006.