Bay Insurance, LLC
How we got $584K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Bay Insurance, LLC in Enid, OK offers home, life, auto, farm and ranch, and commercial insurance and asks visitors to request a quote.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 1 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 52 mi · $30.7M
- EXPRESS RANCHES INC · Yukon, 60 mi · $18.0M
- SOUTHERN PLAINS LIVESTOCK AUCTION, INC. · Blackwell, 42 mi · $14.9M
- LANCE RHODES · Fairview, 39 mi · $10.9M
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 |
|---|---|---|
| BAY INSURANCE, LLC this business | $506K | — |
| Baker Harris Hopkins Insurance Agency Enid | $806K | 0.0 mi |
| Banker Life And Casualty Enid | $806K | 0.1 mi |
| Enid Loyalty Insurance Enid | $806K | 0.1 mi |
| Stephanie Hafferty Insurance Agency Enid | $806K | 0.1 mi |
| Hometown Insurance Manning Agency Enid | $806K | 0.2 mi |
| MESSER-BOWERS COMPANY Enid · 55 employees | $17.4M | 0.2 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) | $476K |
| Estimate: the two combined (geometric mean) | $506K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $195K |
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 | $584K |
| Multiple for this size and industry | 3× |
| Value range | $307K – $799K |
| Revenue range | $333K – $577K |
| EBITDA range | $128K – $222K |
| 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
People & advisors
“As a family owned and operated company, we at Bay Insurance, LLC believe in being there for you 24/7, as we are for each other.”
Advisors
- BankingThe Security National Bank of EnidPPP / 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
| The Security National Bank of Enid PPP 2020 | All 204 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $16K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bay Insurance, LLC
Bay Insurance, LLC is a family-owned insurance agencies company in Enid, Oklahoma, in business since 2019. Its estimated annual revenue is about $506K, with roughly $195K of EBITDA. It has about 2 employees. Its estimated business value is $584K (likely range $307K–$799K).
Common questions
- Who owns Bay Insurance, LLC?
- The owner of Bay Insurance, 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 Bay Insurance, LLC make?
- SeeBITDA estimates Bay Insurance, LLC's annual revenue at about $506K (likely between $333K and $577K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bay Insurance, LLC worth?
- About $584K, roughly 3× its estimated EBITDA of $195K, typical for a insurance agencies company its size. Likely range: $307K–$799K.
- How many employees does Bay Insurance, LLC have?
- About 2, as reported on its PPP loan.
- When was Bay Insurance, LLC founded?
- Bay Insurance, LLC has been in business since 2019.