Advanced Benefit Systems, Inc.
How we got $442K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Advanced Benefit Systems, Inc. is an insurance and employee benefits firm that helps clients nationwide learn about supplemental insurance, benefit enrollment and administration, and non-captive insurance contracts, serving employers through a network of insurance advisors.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Ameriflex · brand it sells or installs
- IBM Watson · brand it sells or installs
Estimated value over time
▲ 30% 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 |
|---|---|---|
| ADVANCED BENEFIT SYSTEMS, INC. this business | $383K | — |
| Elizabeth Gallery Bartlesville | $815K | 0.0 mi |
| Farmers Insurance District Office Bartlesville | $815K | 0.6 mi |
| Scott Brian Gillette - 1809 SE Washington Blvd Bartlesville | $815K | 0.6 mi |
| Farmers Insurance - Scott Gillette Bartlesville | $815K | 0.6 mi |
| Shelter Insurance Bartlesville | $815K | 0.7 mi |
| Swan Insurance Bartlesville | $815K | 0.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $415K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $272K |
| Estimate: the two combined (geometric mean) | $383K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $147K |
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 | $442K |
| Multiple for this size and industry | 3× |
| Value range | $233K – $605K |
| Revenue range | $252K – $437K |
| EBITDA range | $97K – $168K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“Founded in 2002, ABS is dedicated to helping insurance advisors and consultants market supplemental insurance benefits and other employee benefits in the worksite arena and individually.”
Advisors
- BankingStride Bank, National Association, Regent 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
| Regent Bank PPP 2021 | All 726 borrowers → |
| Stride Bank, National Association PPP 2020 | All 504 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 | $9K | 2 |
| 2/4/2021 | second | $19K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Advanced Benefit Systems, Inc.
Advanced Benefit Systems, Inc. is an insurance agencies company in Bartlesville, Oklahoma, in business since 2002. Its estimated annual revenue is about $383K, with roughly $147K of EBITDA. It has about 2 employees. Its estimated business value is $442K (likely range $233K–$605K).
Common questions
- Who owns Advanced Benefit Systems, Inc.?
- The owner of Advanced Benefit Systems, 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 Advanced Benefit Systems, Inc. make?
- SeeBITDA estimates Advanced Benefit Systems, Inc.'s annual revenue at about $383K (likely between $252K and $437K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Advanced Benefit Systems, Inc. worth?
- About $442K, roughly 3× its estimated EBITDA of $147K, typical for a insurance agencies company its size. Likely range: $233K–$605K.
- How many employees does Advanced Benefit Systems, Inc. have?
- About 2, as reported on its PPP loan.
- When was Advanced Benefit Systems, Inc. founded?
- Advanced Benefit Systems, Inc. has been in business since 2002.