Ray Restaurants of Altus, Inc
How we got $620K
Based on its 37 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 |
|---|---|---|
| RAY RESTAURANTS OF ALTUS, INC this business | $3.0M | — |
| GRIFFIN LEGACY & CO. INC. Altus | $1.2M | 0.1 mi |
| Dixie Quick Stop Altus | $1.7M | 0.5 mi |
| bru Altus | $1.7M | 0.5 mi |
| Altus Donuts & Fried Rice Altus | $1.7M | 0.7 mi |
| Pizza Hut Altus | $1.7M | 0.7 mi |
| Salt Fork Drafthouse Altus | $1.7M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $3.0M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $295K |
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 | $620K |
| Multiple for this size and industry | 2.1× |
| Value range | $326K – $848K |
| Revenue range | $2.0M – $3.4M |
| EBITDA range | $194K – $336K |
| 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
- BankingShamrock 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 Roles are as stated there and may be out of date.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
| Shamrock Bank, National Association PPP 2020 | All 130 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $109K | 37 |
About Ray Restaurants of Altus, Inc
Ray Restaurants of Altus, Inc is a restaurants company in Altus, Oklahoma. Its estimated annual revenue is about $3.0M, with roughly $295K of EBITDA. It has about 37 employees. Its estimated business value is $620K (likely range $326K–$848K).
Common questions
- Who owns Ray Restaurants of Altus, Inc?
- The owner of Ray Restaurants of Altus, 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 Ray Restaurants of Altus, Inc make?
- SeeBITDA estimates Ray Restaurants of Altus, Inc's annual revenue at about $3.0M (likely between $2.0M and $3.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ray Restaurants of Altus, Inc worth?
- About $620K, roughly 2.1× its estimated EBITDA of $295K, typical for a restaurants company its size. Likely range: $326K–$848K.
- How many employees does Ray Restaurants of Altus, Inc have?
- About 37, as reported on its PPP loan.