Bassett Electric, LLC
- Shannon BassettOwner · Company website
How we got $418K
Based on its 7 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.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
- Family in the business (Shannon Bassett, Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Bassett Electric is an electrical contractor in Oklahoma City offering electrical services for residential and commercial properties. It has been operating since 2010.
From the company's website. Industry: Electricians.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BASSETT ELECTRIC, LLC this business | $1.8M | — |
| DELONG HEATING AND AIR CONDITIONING, INC Bethany · 2 employees | $616K | 0.5 mi |
| BB CONCEPTS, INC Bethany · 1 employees | $272K | 0.8 mi |
| Anderson Plumbing Heat and Air Bethany | $1.9M | 0.8 mi |
| RUCKER ELECTRIC INC Oklahoma City · 4 employees | $1.4M | 0.8 mi |
| RUCKER MECHANICAL INC Oklahoma City · 15 employees | $5.7M | 0.8 mi |
| SIX BUSINESS SERVICES Bethany · 4 employees | $1.1M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $209K |
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 | $418K |
| Multiple for this size and industry | 2× |
| Value range | $220K – $572K |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $138K – $238K |
| 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
“Created in October, 2010, and owned by Branden Bassett and his wife, Shannon Bassett.”
Advisors
- BankingINTRUST Bank, 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
| INTRUST Bank, National Association PPP 2020, PPP 2021 | All 170 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $58K | 7 |
| 3/16/2021 | second | $59K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bassett Electric, LLC
Bassett Electric, LLC is a family-owned electricians company in Bethany, Oklahoma, in business since 2010. It is owned by Branden Bassett. Its estimated annual revenue is about $1.8M, with roughly $209K of EBITDA. It has about 7 employees. Its estimated business value is $418K (likely range $220K–$572K).
Common questions
- Who owns Bassett Electric, LLC?
- Bassett Electric, LLC is owned by Branden Bassett, according to public sources such as the company's website or filings.
- How much revenue does Bassett Electric, LLC make?
- SeeBITDA estimates Bassett Electric, LLC's annual revenue at about $1.8M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bassett Electric, LLC worth?
- About $418K, roughly 2× its estimated EBITDA of $209K, typical for a electricians company its size. Likely range: $220K–$572K.
- How many employees does Bassett Electric, LLC have?
- About 7, as reported on its PPP loan.
- When was Bassett Electric, LLC founded?
- Bassett Electric, LLC has been in business since 2010.