Two Turtles, Inc
How we got $2.1M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 99% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TWO TURTLES, INC this business | $10.1M | — |
| CANNACOUTURE, LLC Claremore · 9 employees | $4.4M | 0.8 mi |
| THE HORSE OF COURSE, INC Claremore · 11 employees | $3.8M | 0.9 mi |
| PIPES INC. Claremore · 8 employees | $3.4M | 1.0 mi |
| MSK LLC Claremore · 4 employees | $2.3M | 1.1 mi |
| ALL STAR TROPHY & SCREENPRINTING, LLC Claremore · 2 employees | $1.1M | 1.2 mi |
| MULE HUNTING CLOTHES INC. Claremore · 1 employees | $732K | 7.4 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.7M |
| Estimate: the two combined (geometric mean) | $10.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $686K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $6.7M – $11.6M |
| EBITDA range | $451K – $782K |
| Industry (NAICS) | Retail Trade (453991) |
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: approximate sector default. 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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 7/30/2020 | first | $125K | 20 |
About Two Turtles, Inc
Two Turtles, Inc is a retail trade company in Claremore, Oklahoma. Its estimated annual revenue is about $10.1M, with roughly $686K of EBITDA. It has about 20 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.8M).
Common questions
- Who owns Two Turtles, Inc?
- The owner of Two Turtles, 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 Two Turtles, Inc make?
- SeeBITDA estimates Two Turtles, Inc's annual revenue at about $10.1M (likely between $6.7M and $11.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Two Turtles, Inc worth?
- About $2.1M, roughly 3× its estimated EBITDA of $686K, typical for a retail trade company its size. Likely range: $1.1M–$2.8M.
- How many employees does Two Turtles, Inc have?
- About 20, as reported on its PPP loan.