Ultimo LLC
How we got $6.3M
Based on its 3 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
What they do
ULTIMO, LLC is a Tulsa, OK business that sells premium cigars, tobacco leaf, and accessories and apparel, and offers cigar rolling classes and event booking.
From the company's website. Industry: Tobacco Manufacturing.
Estimated value over time
▲ 46% since 2021Today'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 |
|---|---|---|
| ULTIMO LLC this business | $8.2M | — |
| HOPKINS COLLECTIVE INC. Tulsa · 2 employees | $5.9M | 3.5 mi |
| MONTGOMERY EXTERMINATING INC Tulsa · 5 employees | $16.3M | 4.0 mi |
| JUICEGUYS DISTRIBUTION LLC Tulsa · 6 employees | $27.3M | 4.2 mi |
| XCALIBER INTERNATIONAL, LTD Pryor · 151 employees | $615.2M | 38.3 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $8.2M |
| EBITDA margin (industry, adjusted for size) | 17% |
| EBITDA = revenue × margin | $1.4M |
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 | $6.3M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.3M – $8.6M |
| Revenue range | $5.4M – $9.3M |
| EBITDA range | $918K – $1.6M |
| Industry (NAICS) | Tobacco Manufacturing (312230) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“In 2017, I set myself on the path to creating what is now Ultimo LLC, Oklahoma's only licensed manufacturer of premium handcrafted cigars.”
Advisors
- BankingJPMorgan Chase Bank, National AssociationPPP / 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
| JPMorgan Chase Bank, National Association PPP 2021 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/7/2021 | first | $16K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ultimo LLC
Ultimo LLC is a tobacco manufacturing company in Tulsa, Oklahoma, in business since 2017. Its estimated annual revenue is about $8.2M, with roughly $1.4M of EBITDA. It has about 3 employees. Its estimated business value is $6.3M (likely range $3.3M–$8.6M).
Common questions
- Who owns Ultimo LLC?
- The owner of Ultimo LLC 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 Ultimo LLC make?
- SeeBITDA estimates Ultimo LLC's annual revenue at about $8.2M (likely between $5.4M and $9.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ultimo LLC worth?
- About $6.3M, roughly 4.5× its estimated EBITDA of $1.4M, typical for a tobacco manufacturing company its size. Likely range: $3.3M–$8.6M.
- How many employees does Ultimo LLC have?
- About 3, as reported on its PPP loan.
- When was Ultimo LLC founded?
- Ultimo LLC has been in business since 2017.