Bishop Electric Inc
How we got $345K
Based on its 5 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 Some signs of a sale
- In business 47 years (since 1979)
From public records and the company's website, not a statement that it's for sale.
What they do
Bishop Electric Inc. is a family-owned electrical company in Duncan, OK offering commercial and residential electrical services, including fire alarm, security, and lighting work. It serves homes and businesses in Southwest Oklahoma and beyond.
From the company's website. Industry: Electricians.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- H.C. EMPLOYEES LLC · Moore, 64 mi · $196.4M
- IDEAL HOMES OF NORMAN, LP · Norman, 58 mi · $163.9M
- LANDMARK FINE HOMES, LP · Norman, 60 mi · $57.2M
- HILLIARY CONSTRUCTION, L.L.C. · Lawton, 32 mi · $47.6M
- RICHARD DEVELOPMENT LLC · Lawton, 21 mi · $45.8M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BISHOP ELECTRIC INC this business | $1.3M | — |
| CLIMATE CONTROL CO, INC Duncan · 11 employees | $2.9M | 0.1 mi |
| GOURNEY ELECTRIC Duncan · 7 employees | $1.6M | 0.1 mi |
| VERMILLION PLUMBING LLC Duncan · 11 employees | $2.8M | 0.4 mi |
| BJ'S ELECTRIC LLC Duncan · 6 employees | $1.5M | 0.7 mi |
| BK EQUIPMENT LLC Duncan · 18 employees | $10.9M | 0.9 mi |
| JUSTUS PLUMBING INC Duncan · 9 employees | $3.1M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $172K |
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 | $345K |
| Multiple for this size and industry | 2× |
| Value range | $182K – $472K |
| Revenue range | $884K – $1.5M |
| EBITDA range | $113K – $197K |
| 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
“In 1979, Bishop Electric Inc. was established to bring expert electrical services to the southwest Oklahoma area.”
Advisors
- BankingLegacy 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
| Legacy Bank PPP 2020, PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $46K | 5 |
| 1/19/2021 | second | $48K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bishop Electric Inc
Bishop Electric Inc is a family-owned electricians company in Duncan, Oklahoma, in business since 1979. Its estimated annual revenue is about $1.3M, with roughly $172K of EBITDA. It has about 5 employees. Its estimated business value is $345K (likely range $182K–$472K).
Common questions
- Who owns Bishop Electric Inc?
- The owner of Bishop Electric 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 Bishop Electric Inc make?
- SeeBITDA estimates Bishop Electric Inc's annual revenue at about $1.3M (likely between $884K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bishop Electric Inc worth?
- About $345K, roughly 2× its estimated EBITDA of $172K, typical for a electricians company its size. Likely range: $182K–$472K.
- How many employees does Bishop Electric Inc have?
- About 5, as reported on its PPP loan.
- When was Bishop Electric Inc founded?
- Bishop Electric Inc has been in business since 1979.