The Garage - Midtown, LLC
How we got $567K
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE GARAGE - MIDTOWN, LLC this business | $2.7M | — |
| NIC'S MIDTOWN Oklahoma City · 20 employees | $2.4M | 0.0 mi |
| NICS MIDTOWN LLC Oklahoma City · 57 employees | $4.0M | 0.0 mi |
| Phill Me Up Cheesesteaks Oklahoma City | $1.7M | 0.1 mi |
| Bowl & Berries Oklahoma City | $1.7M | 0.1 mi |
| Libbie Lou’s Cajun Kitchen Oklahoma City | $1.7M | 0.1 mi |
| Shaka Oklahoma City | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $270K |
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 | $567K |
| Multiple for this size and industry | 2.1× |
| Value range | $298K – $776K |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $178K – $308K |
| 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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $135K | 25 |
| 2/12/2021 | second | $189K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Garage - Midtown, LLC
The Garage - Midtown, LLC is a restaurants company in Oklahoma City, Oklahoma. It is owned by Hal Smith (Founder). Its estimated annual revenue is about $2.7M, with roughly $270K of EBITDA. It has about 25 employees. Its estimated business value is $567K (likely range $298K–$776K).
Common questions
- Who owns The Garage - Midtown, LLC?
- The Garage - Midtown, LLC is owned by Hal Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does The Garage - Midtown, LLC make?
- SeeBITDA estimates The Garage - Midtown, LLC's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Garage - Midtown, LLC worth?
- About $567K, roughly 2.1× its estimated EBITDA of $270K, typical for a restaurants company its size. Likely range: $298K–$776K.
- How many employees does The Garage - Midtown, LLC have?
- About 25, as reported on its PPP loan.