Therapyworks, Inc.
How we got $6.6M
Based on its 68 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 26 years (since 2000)
- Headcount down 26% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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
▼ 34% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 68 | $6.5M |
| 2020 | Form 5500 | 58 | $5.5M |
| 2021 | Form 5500 | 53 | $5.1M |
| 2022 | Form 5500 | 48 | $4.6M |
| 2023 | Form 5500 | 58 | $5.5M |
| 2024 | Form 5500 | 61 | $5.8M |
| 2025 | Form 5500 | 45 | $4.3M |
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 |
|---|---|---|
| THERAPYWORKS, INC. this business | $9.4M | — |
| Dyslexia Center of Tulsa Tulsa | $1.0M | 0.0 mi |
| AUDIOLOGY DOCTORS OF TULSA PLLC Tulsa · 6 employees | $1.0M | 0.0 mi |
| BEATTY ACUPUNCTURE Tulsa · 3 employees | $710K | 0.0 mi |
| CHIROCONCEPTS PC Tulsa · 2 employees | $470K | 0.0 mi |
| DIVINE CHIROPRACTIC Tulsa · 2 employees | $416K | 0.1 mi |
| ERIC CURLEY D.C. LLC Tulsa · 2 employees | $494K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 68 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $9.4M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.5M |
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 | $6.6M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.5M – $9.0M |
| Revenue range | $6.2M – $10.7M |
| EBITDA range | $966K – $1.7M |
| Industry (NAICS) | Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340) |
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
- BankingSpiritBankPPP / 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
| SpiritBank PPP 2020, PPP 2021 | All 369 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 | $536K | 54 |
| 3/28/2021 | second | $558K | 68 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Therapyworks, Inc.
Therapyworks, Inc. is a chiropractors & therapists company in Tulsa, Oklahoma, in business since 2000. Its estimated annual revenue is about $9.4M, with roughly $1.5M of EBITDA. It has about 45 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.0M).
Common questions
- Who owns Therapyworks, Inc.?
- The owner of Therapyworks, Inc. 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 Therapyworks, Inc. make?
- SeeBITDA estimates Therapyworks, Inc.'s annual revenue at about $9.4M (likely between $6.2M and $10.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Therapyworks, Inc. worth?
- About $6.6M, roughly 4.5× its estimated EBITDA of $1.5M, typical for a chiropractors & therapists company its size. Likely range: $3.5M–$9.0M.
- How many employees does Therapyworks, Inc. have?
- About 45, from its 2025 retirement-plan filing.
- When was Therapyworks, Inc. founded?
- Therapyworks, Inc. has been in business since 2000.