Waterstone Dry Cleaner and Laundry, LLC
How we got $2.3M
Based on its 23 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
WaterStone Dry Cleaner and Laundry serves the Tulsa metro area with dry cleaning, laundry and free pickup and delivery for individuals and households, and offers a commercial linen program for businesses.
From the company's website. Industry: Dry cleaners & laundry.
Estimated value over time
▲ 12% 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 |
|---|---|---|
| WATERSTONE DRY CLEANER AND LAUNDRY, LLC this business | $4.0M | — |
| OWASSO EXPRESS LAUNDRY, LLC Owasso · 11 employees | $1.1M | 0.2 mi |
| Dry cleaning station owasso Owasso | $668K | 1.1 mi |
| VIREO ENTERPRISES LLC Owasso · 10 employees | $873K | 1.1 mi |
| Owasso Laundromat Owasso | $668K | 1.3 mi |
| K-1 INC. Owasso · 12 employees | $1.3M | 1.4 mi |
| Laundry Station IV Tulsa | $668K | 8.4 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $713K |
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 | $2.3M |
| Multiple for this size and industry | 3.2× |
| Value range | $1.2M – $3.1M |
| Revenue range | $2.6M – $4.6M |
| EBITDA range | $469K – $813K |
| Industry (NAICS) | Coin-Operated Laundries and Drycleaners (812310) |
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
- BankingRed Crown FCUPPP / 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
| Red Crown FCU PPP 2020, PPP 2021 | All 73 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $118K | 23 |
| 1/16/2021 | second | $118K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Waterstone Dry Cleaner and Laundry, LLC
Waterstone Dry Cleaner and Laundry, LLC is a dry cleaners & laundry company in Owasso, Oklahoma, in business since 2005. Its estimated annual revenue is about $4.0M, with roughly $713K of EBITDA. It has about 23 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Waterstone Dry Cleaner and Laundry, LLC?
- The owner of Waterstone Dry Cleaner and Laundry, 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 Waterstone Dry Cleaner and Laundry, LLC make?
- SeeBITDA estimates Waterstone Dry Cleaner and Laundry, LLC's annual revenue at about $4.0M (likely between $2.6M and $4.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Waterstone Dry Cleaner and Laundry, LLC worth?
- About $2.3M, roughly 3.2× its estimated EBITDA of $713K, typical for a dry cleaners & laundry company its size. Likely range: $1.2M–$3.1M.
- How many employees does Waterstone Dry Cleaner and Laundry, LLC have?
- About 23, as reported on its PPP loan.
- When was Waterstone Dry Cleaner and Laundry, LLC founded?
- Waterstone Dry Cleaner and Laundry, LLC has been in business since 2005.