Yale Cleaners LLC
How we got $7.3M
Based on its 101 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 82 years (since 1944)
- Family in the business (Bill Rothrock III, Co-President - CGCP)
From public records and the company's website, not a statement that it's for sale.
What they do
Yale Cleaners LLC is a dry cleaning business with multiple locations in the Tulsa area offering same-day dry cleaning, wet cleaning, shirt laundry, and wedding dress preservation.
From the company's website. Industry: Dry cleaners & laundry.
Estimated value over time
▼ 5% 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.
Employees over time
▼ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 101 | $6.5M |
| 2021 | Form 5500 | 81 | $5.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| YALE CLEANERS LLC this business | $13.5M | — |
| ROTHROCK FAMILY LLC Broken Arrow · 2 employees | $292K | 0.0 mi |
| YALE CLEANING LLC Broken Arrow · 101 employees | $13.5M | 0.0 mi |
| CSC ServiceWorks Broken Arrow | $668K | 0.2 mi |
| Royaltone Tulsa | $668K | 1.8 mi |
| Redbud Laundry Company Broken Arrow | $668K | 1.9 mi |
| The Laundromat Tulsa | $668K | 2.1 mi |
The full calculation
| Employees reported to the SBA | 101 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.9M |
| Estimate: the two combined (geometric mean) | $13.5M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.9M |
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 | $7.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $3.9M – $10.0M |
| Revenue range | $8.9M – $15.4M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Drycleaning and Laundry Services (except Coin-Operated) (812320) |
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
“Yale Cleaners has been a family-owned business, with a rich history spanning four generations.”
Leadership
- BRBill Rothrock IIICo-President - CGCP · Company website · source
- RJRafael JassoAssistant General Manager · Company website · source
Advisors
- BankingFirst Oklahoma 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 Oklahoma Bank 7(a) 2022, PPP 2020 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $671K | 101 |
11 locations
| 4221 W ALBANY ST | Broken Arrow | This listing |
| 4850 E Kenosha St | Broken Arrow | View |
| 12801 East 86th St N | Owasso | View |
| 120 S Park St | Sapulpa | View |
| 10032 S Sheridan Rd | Tulsa | View |
| 3338 E 41st St | Tulsa | View |
| 3840 S Peoria Ave | Tulsa | View |
| 4117 S 109th E Ave | Tulsa | View |
| 4932 E 91st St | Tulsa | View |
| 6911 E 71st St | Tulsa | View |
| 9929 S Mingo Rd | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
| Nov 2021 | 7(a) | $4.5M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Yale Cleaners LLC
Yale Cleaners LLC is a family-owned dry cleaners & laundry company in Broken Arrow, Oklahoma, in business since 1944. It is owned by Jim Rothrock (Co-President). Its estimated annual revenue is about $13.5M, with roughly $1.9M of EBITDA. It has about 81 employees. Its estimated business value is $7.3M (likely range $3.9M–$10.0M). It has 11 locations.
Common questions
- Who owns Yale Cleaners LLC?
- Yale Cleaners LLC is owned by Jim Rothrock (Co-President), according to public sources such as the company's website or filings.
- How much revenue does Yale Cleaners LLC make?
- SeeBITDA estimates Yale Cleaners LLC's annual revenue at about $13.5M (likely between $8.9M and $15.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Yale Cleaners LLC worth?
- About $7.3M, roughly 3.8× its estimated EBITDA of $1.9M, typical for a dry cleaners & laundry company its size. Likely range: $3.9M–$10.0M.
- How many employees does Yale Cleaners LLC have?
- About 81, from its 2021 retirement-plan filing.
- When was Yale Cleaners LLC founded?
- Yale Cleaners LLC has been in business since 1944.