Spruce Blow Dry Bar and Salon
How we got $315K
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
▲ 42% 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 |
|---|---|---|
| SPRUCE BLOW DRY BAR AND SALON this business | $763K | — |
| SPRUCE BLOW DRY BAR + SALON LLC Norman · 11 employees | $726K | 0.1 mi |
| Beauty & Designz Studio Lounge LLC Norman | $440K | 0.3 mi |
| Sandy Beaches Norman | $440K | 0.5 mi |
| Rock Paper Scissor Hair Bar Norman | $440K | 0.5 mi |
| Poke Body Piercing Norman | $440K | 0.8 mi |
| Beauty by Mackenzie King Norman | $440K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $968K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $462K |
| Estimate: the two combined (geometric mean) | $763K |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $150K |
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 | $315K |
| Multiple for this size and industry | 2.1× |
| Value range | $166K – $430K |
| Revenue range | $502K – $870K |
| EBITDA range | $99K – $171K |
| Industry (NAICS) | Beauty Salons (812112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingBOKF, 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 Roles are as stated there and may be out of date.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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/2/2020 | first | $30K | 12 |
About Spruce Blow Dry Bar and Salon
Spruce Blow Dry Bar and Salon is a hair & beauty salons company in Norman, Oklahoma. Its estimated annual revenue is about $763K, with roughly $150K of EBITDA. It has about 12 employees. Its estimated business value is $315K (likely range $166K–$430K).
Common questions
- Who owns Spruce Blow Dry Bar and Salon?
- The owner of Spruce Blow Dry Bar and Salon 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 Spruce Blow Dry Bar and Salon make?
- SeeBITDA estimates Spruce Blow Dry Bar and Salon's annual revenue at about $763K (likely between $502K and $870K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spruce Blow Dry Bar and Salon worth?
- About $315K, roughly 2.1× its estimated EBITDA of $150K, typical for a hair & beauty salons company its size. Likely range: $166K–$430K.
- How many employees does Spruce Blow Dry Bar and Salon have?
- About 12, as reported on its PPP loan.