Thunderbird Resort, Inc.
How we got $1.9M
Based on its 44 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 38% 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
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THUNDERBIRD RESORT, INC. this business | $3.1M | — |
| RIVERSIDE CAMP INC. Tahlequah · 2 employees | $441K | 4.1 mi |
| DIAMONDHEAD RESORT LLC Tahlequah · 50 employees | $5.3M | 5.9 mi |
| PLAYER DEVELOPMENT PRODUCTS LLC Tahlequah · 7 employees | $910K | 7.2 mi |
| Starting New At Golf Tahlequah | $793K | 7.4 mi |
| Extreme Cheer Company Tahlequah | $793K | 8.6 mi |
| Dickinson Horses Peggs | $793K | 9.0 mi |
The full calculation
| Employees reported to the SBA | 44 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $569K |
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 | $1.9M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.0M – $2.6M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $374K – $649K |
| Industry (NAICS) | All Other Amusement and Recreation Industries (713990) |
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
History & advisors
Advisors
- BankingArvest BankPPP / 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $65K | 44 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Thunderbird Resort, Inc.
Thunderbird Resort, Inc. is an all other amusement and recreation industries company in Tahlequah, Oklahoma, in business since 2011. Its estimated annual revenue is about $3.1M, with roughly $569K of EBITDA. It has about 44 employees. Its estimated business value is $1.9M (likely range $1.0M–$2.6M).
Common questions
- Who owns Thunderbird Resort, Inc.?
- The owner of Thunderbird Resort, 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 Thunderbird Resort, Inc. make?
- SeeBITDA estimates Thunderbird Resort, Inc.'s annual revenue at about $3.1M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thunderbird Resort, Inc. worth?
- About $1.9M, roughly 3.4× its estimated EBITDA of $569K, typical for a all other amusement and recreation industries company its size. Likely range: $1.0M–$2.6M.
- How many employees does Thunderbird Resort, Inc. have?
- About 44, as reported on its PPP loan.
- When was Thunderbird Resort, Inc. founded?
- Thunderbird Resort, Inc. has been in business since 2011.