Tulsa Lock & Key Inc.
How we got $361K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Lock & Key provides locksmith and security solutions, including lockouts, rekeying, home and business security systems, and cameras, for Tulsa homeowners and businesses.
From the company's website. Industry: Security services.
Estimated value over time
▲ 46% 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 |
|---|---|---|
| TULSA LOCK & KEY INC. this business | $1.1M | — |
| WITNESS SECURITY LLC Tulsa · 8 employees | $2.0M | 1.1 mi |
| MONITORING AMERICA ALARM CO-OP Tulsa · 20 employees | $6.0M | 1.2 mi |
| Saber Protective Services Tulsa | $1.4M | 1.4 mi |
| DYSON LIFE SAFETY SECURITY SYSTEMS, L.L.C. Tulsa · 3 employees | $1.1M | 1.5 mi |
| Harvest Security Solutions Tulsa | $1.4M | 1.7 mi |
| HARMON SECURITY GROUP LLC Tulsa · 49 employees | $12.7M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $921K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.0M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $145K |
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 | $361K |
| Multiple for this size and industry | 2.5× |
| Value range | $190K – $494K |
| Revenue range | $732K – $1.3M |
| EBITDA range | $95K – $165K |
| Industry (NAICS) | Locksmiths (561622) |
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. 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 PPP 2020 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $32K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tulsa Lock & Key Inc.
Tulsa Lock & Key Inc. is a security services company in Tulsa, Oklahoma, in business since 2005. It is owned by Darren Dell. Its estimated annual revenue is about $1.1M, with roughly $145K of EBITDA. It has about 4 employees. Its estimated business value is $361K (likely range $190K–$494K).
Common questions
- Who owns Tulsa Lock & Key Inc.?
- Tulsa Lock & Key Inc. is owned by Darren Dell, according to public sources such as the company's website or filings.
- How much revenue does Tulsa Lock & Key Inc. make?
- SeeBITDA estimates Tulsa Lock & Key Inc.'s annual revenue at about $1.1M (likely between $732K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Lock & Key Inc. worth?
- About $361K, roughly 2.5× its estimated EBITDA of $145K, typical for a security services company its size. Likely range: $190K–$494K.
- How many employees does Tulsa Lock & Key Inc. have?
- About 4, as reported on its PPP loan.
- When was Tulsa Lock & Key Inc. founded?
- Tulsa Lock & Key Inc. has been in business since 2005.