Hallett, Inc
How we got $5.7M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 2% 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 |
|---|---|---|
| HALLETT, INC this business | $6.6M | — |
| CW FISHING LLC Sand Springs · 1 employees | $545K | 24.3 mi |
| CINDY SMITH Tulsa · 7 employees | $4.1M | 26.7 mi |
| SANDITE BILLARDS AND GAMES LLC Tulsa · 11 employees | $1.8M | 26.7 mi |
| K & N POWERSPORTS LLC Tulsa · 7 employees | $2.0M | 28.7 mi |
| GTH 4XIII Tulsa · 4 employees | $1.7M | 30.4 mi |
| INSPIRE ARTS LLC Glenpool · 2 employees | $1.2M | 33.2 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.6M |
| Estimate: the two combined (geometric mean) | $6.6M |
| EBITDA margin (industry, adjusted for size) | 21% |
| 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 | $5.7M |
| Multiple for this size and industry | 4.1× |
| Value range | $3.0M – $7.8M |
| Revenue range | $4.3M – $7.5M |
| EBITDA range | $915K – $1.6M |
| Industry (NAICS) | Racetracks (711212) |
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
Advisors
- BankingTriad Bank, National Association, Armstrong 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
| Triad Bank, National Association PPP 2020 | All 138 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 | $100K | 12 |
| 2/5/2021 | second | $104K | 11 |
About Hallett, Inc
Hallett, Inc is a racetracks company in Jennings, Oklahoma. Its estimated annual revenue is about $6.6M, with roughly $1.4M of EBITDA. It has about 12 employees. Its estimated business value is $5.7M (likely range $3.0M–$7.8M).
Common questions
- Who owns Hallett, Inc?
- The owner of Hallett, 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 Hallett, Inc make?
- SeeBITDA estimates Hallett, Inc's annual revenue at about $6.6M (likely between $4.3M and $7.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hallett, Inc worth?
- About $5.7M, roughly 4.1× its estimated EBITDA of $1.4M, typical for a racetracks company its size. Likely range: $3.0M–$7.8M.
- How many employees does Hallett, Inc have?
- About 12, as reported on its PPP loan.