Tri City Mexican Restaurant
How we got $705K
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRI CITY MEXICAN RESTAURANT this business | $3.7M | — |
| Jimmy's Egg Newcastle | $1.7M | 0.0 mi |
| THE PIZZA SHOP LLC Newcastle · 2 employees | $327K | 0.0 mi |
| Taqueria La Placita #4 Newcastle | $1.7M | 0.1 mi |
| New China Newcastle | $1.7M | 0.1 mi |
| McDonald's Newcastle | $1.7M | 0.1 mi |
| Domino's Pizza New Castle | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.0M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $336K |
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 | $705K |
| Multiple for this size and industry | 2.1× |
| Value range | $371K – $965K |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $221K – $383K |
| 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
People & advisors
Advisors
- BankingFirst Fidelity 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 Roles are as stated there and may be out of date.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
| First Fidelity Bank PPP 2020, PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $185K | 34 |
| 2/11/2021 | second | $197K | 28 |
About Tri City Mexican Restaurant
Tri City Mexican Restaurant is a restaurants company in Newcastle, Oklahoma. Its estimated annual revenue is about $3.7M, with roughly $336K of EBITDA. It has about 34 employees. Its estimated business value is $705K (likely range $371K–$965K).
Common questions
- Who owns Tri City Mexican Restaurant?
- The owner of Tri City Mexican Restaurant 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 Tri City Mexican Restaurant make?
- SeeBITDA estimates Tri City Mexican Restaurant's annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri City Mexican Restaurant worth?
- About $705K, roughly 2.1× its estimated EBITDA of $336K, typical for a restaurants company its size. Likely range: $371K–$965K.
- How many employees does Tri City Mexican Restaurant have?
- About 34, as reported on its PPP loan.