Ray Restaurants
How we got $434K
Based on its 32 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 this business | $2.4M | — |
| JAKUPI & JAKUPI OF ELK CITY LLC Elk City · 13 employees | $858K | 0.2 mi |
| 333 ELK CITY, LLC Elk City · 26 employees | $2.5M | 0.2 mi |
| YE'S GARDEN Elk City · 4 employees | $523K | 0.2 mi |
| BIG SPLASH BURGERS, LLC Elk City · 3 employees | $509K | 0.7 mi |
| Manny's Elk City | $1.7M | 0.7 mi |
| SK Donuts Elk City | $1.7M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $241K |
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 | $434K |
| Multiple for this size and industry | 1.8× |
| Value range | $229K – $594K |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $159K – $275K |
| 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
- BankingGreat Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2020 | All 1,112 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 | $85K | 32 |
About Ray Restaurants
Ray Restaurants is a restaurants company in Elk City, Oklahoma. Its estimated annual revenue is about $2.4M, with roughly $241K of EBITDA. It has about 32 employees. Its estimated business value is $434K (likely range $229K–$594K).
Common questions
- Who owns Ray Restaurants?
- The owner of Ray Restaurants 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 make?
- SeeBITDA estimates Ray Restaurants's annual revenue at about $2.4M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ray Restaurants worth?
- About $434K, roughly 1.8× its estimated EBITDA of $241K, typical for a restaurants company its size. Likely range: $229K–$594K.
- How many employees does Ray Restaurants have?
- About 32, as reported on its PPP loan.