Forbis LLC
How we got $130K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 26% 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 |
|---|---|---|
| FORBIS LLC this business | $663K | — |
| Tong's China Kitchen Madill | $990K | 0.7 mi |
| El Tequila Madill | $990K | 0.7 mi |
| Asian Palace Madill | $990K | 0.7 mi |
| EL TAPATIO MEXICAN CAFE Madill · 13 employees | $620K | 0.7 mi |
| La Pina Loca y Delicias Madill | $990K | 0.7 mi |
| Godfather's Pizza Express Madill | $990K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $698K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $629K |
| Estimate: the two combined (geometric mean) | $663K |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $72K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 1% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $130K |
| Multiple for this size and industry | 1.8× |
| Value range | $78K – $203K |
| Revenue range | $497K – $861K |
| EBITDA range | $54K – $94K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
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
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $30K | 10 |
| 1/23/2021 | second | $43K | 10 |
About Forbis LLC
Forbis LLC is a restaurants company in Madill, Oklahoma. Its estimated annual revenue is about $663K, with roughly $72K of EBITDA. It has about 10 employees. Its estimated business value is $130K (likely range $78K–$203K).
Common questions
- Who owns Forbis LLC?
- The owner of Forbis 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 Forbis LLC make?
- SeeBITDA estimates Forbis LLC's annual revenue at about $663K (likely between $497K and $861K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Forbis LLC worth?
- About $130K, roughly 1.8× its estimated EBITDA of $72K, typical for a restaurants company its size. Likely range: $78K–$203K.
- How many employees does Forbis LLC have?
- About 10, as reported on its PPP loan.