Barnett Electrical LLC
How we got $4.1M
Based on its 41 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 22% 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.
Employees over time
▼ 49% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 41 | $7.9M |
| 2024 | Form 5500 | 22 | $4.3M |
| 2025 | Form 5500 | 21 | $4.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
What they do
Barnett Electrical Heating & Air is a family-owned electrical repair and HVAC company serving residential and commercial customers in the greater Oklahoma City area.
From the company's website. Industry: Electricians.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BARNETT ELECTRICAL LLC this business | $12.2M | — |
| W. J. SPREHE CO., INC. Oklahoma City · 4 employees | $1.3M | 0.1 mi |
| Southern Dock Products Oklahoma City a division of DuraServ Corp Oklahoma City | $3.0M | 0.2 mi |
| PROLECTRIC CONTRACTORS LLC Oklahoma City · 9 employees | $2.0M | 0.2 mi |
| AMP ELECTRIC CO., INC Oklahoma City · 7 employees | $1.2M | 0.6 mi |
| Tipton's Plumbing & Sewer Oklahoma City | $1.9M | 0.6 mi |
| PATCO ELECTRICAL SERVICES, INC. Oklahoma City · 91 employees | $30.9M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.7M |
| Estimate: the two combined (geometric mean) | $12.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.6M |
| Revenue range | $8.0M – $13.9M |
| EBITDA range | $749K – $1.3M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
“Our company was founded over 35 years ago with that solely in mind, and nothing has changed up to now.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $360K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Barnett Electrical LLC
Barnett Electrical LLC is a family-owned electricians company in Oklahoma City, Oklahoma, in business since 2012. Its estimated annual revenue is about $12.2M, with roughly $1.1M of EBITDA. It has about 21 employees. Its estimated business value is $4.1M (likely range $2.2M–$5.6M).
Common questions
- Who owns Barnett Electrical LLC?
- The owner of Barnett Electrical LLC 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 Barnett Electrical LLC make?
- SeeBITDA estimates Barnett Electrical LLC's annual revenue at about $12.2M (likely between $8.0M and $13.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Barnett Electrical LLC worth?
- About $4.1M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a electricians company its size. Likely range: $2.2M–$5.6M.
- How many employees does Barnett Electrical LLC have?
- About 21, from its 2025 retirement-plan filing.
- When was Barnett Electrical LLC founded?
- Barnett Electrical LLC has been in business since 2012.