Workman Fitness Inc.
How we got $176K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 23% 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 |
|---|---|---|
| WORKMAN FITNESS INC. this business | $324K | — |
| Worlds Best Boot Camp Oklahoma City Edmond | $793K | 0.1 mi |
| CrossFit Real Effort Edmond | $793K | 0.1 mi |
| XRE Edmond | $793K | 0.1 mi |
| L.K Wells Martial Arts OKC Oklahoma City | $793K | 0.1 mi |
| Edge Sports Fitness Oklahoma City | $1.6M | 0.2 mi |
| Powerhouse180 Oklahoma City | $793K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $356K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $228K |
| Estimate: the two combined (geometric mean) | $324K |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $77K |
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 | $176K |
| Multiple for this size and industry | 2.3× |
| Value range | $93K – $241K |
| Revenue range | $213K – $370K |
| EBITDA range | $50K – $87K |
| Industry (NAICS) | Fitness and Recreational Sports Centers (713940) |
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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $9K | 5 |
About Workman Fitness Inc.
Workman Fitness Inc. is a gyms & fitness company in Edmond, Oklahoma. Its estimated annual revenue is about $324K, with roughly $77K of EBITDA. It has about 5 employees. Its estimated business value is $176K (likely range $93K–$241K).
Common questions
- Who owns Workman Fitness Inc.?
- The owner of Workman Fitness 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 Workman Fitness Inc. make?
- SeeBITDA estimates Workman Fitness Inc.'s annual revenue at about $324K (likely between $213K and $370K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Workman Fitness Inc. worth?
- About $176K, roughly 2.3× its estimated EBITDA of $77K, typical for a gyms & fitness company its size. Likely range: $93K–$241K.
- How many employees does Workman Fitness Inc. have?
- About 5, as reported on its PPP loan.