Thomas Eye Care, PC
How we got $1.0M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Thomas Dental and Eye Care, a husband-and-wife owned clinic in Owasso, Oklahoma, offers dental and vision care under one roof. It says it has served Owasso families since 2002.
From the company's website. Industry: Offices of Optometrists.
Estimated value over time
▲ 22% 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 |
|---|---|---|
| THOMAS EYE CARE, PC this business | $1.8M | — |
| MICHAEL W. GAYDOS O.D. P.C. Owasso · 7 employees | $1.5M | 0.1 mi |
| Pine Ridge Mental Healthcare Owasso | $2.0M | 0.1 mi |
| Drs. Hinkle & Cash Optometrist Inc Owasso | $1.0M | 0.2 mi |
| KIRK CHIROPRACTIC PC Owasso · 9 employees | $1.6M | 0.2 mi |
| Body & Breast Thermal Imaging Owasso | $1.0M | 0.2 mi |
| Cash Chiropractic Owasso | $1.0M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $346K |
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 | $1.0M |
| Multiple for this size and industry | 3× |
| Value range | $547K – $1.4M |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $228K – $395K |
| Industry (NAICS) | Offices of Optometrists (621320) |
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
- BankingFirst Bank of OwassoPPP / 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
| First Bank of Owasso 7(a) 2020, PPP 2020, PPP 2021 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $72K | 6 |
| 1/19/2021 | second | $72K | 7 |
Public records
| Jun 2020 | 7(a) | $150K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Thomas Eye Care, PC
Thomas Eye Care, PC is an offices of optometrists company in Owasso, Oklahoma, in business since 2017. It is owned by Dr. Lanita Thomas (Founder). Its estimated annual revenue is about $1.8M, with roughly $346K of EBITDA. It has about 7 employees. Its estimated business value is $1.0M (likely range $547K–$1.4M).
Common questions
- Who owns Thomas Eye Care, PC?
- Thomas Eye Care, PC is owned by Dr. Lanita Thomas (Founder), according to public sources such as the company's website or filings.
- How much revenue does Thomas Eye Care, PC make?
- SeeBITDA estimates Thomas Eye Care, PC's annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thomas Eye Care, PC worth?
- About $1.0M, roughly 3× its estimated EBITDA of $346K, typical for a offices of optometrists company its size. Likely range: $547K–$1.4M.
- How many employees does Thomas Eye Care, PC have?
- About 7, as reported on its PPP loan.
- When was Thomas Eye Care, PC founded?
- Thomas Eye Care, PC has been in business since 2017.