Bobby Lewis Insurance Inc
- Bobby LewisState Farm Insurance Agent · Company website, Form 5500 (2024)
How we got $1.7M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
Employees over time
▲ 100% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $1.1M |
| 2020 | Form 5500 | 6 | $1.1M |
| 2021 | Form 5500 | 7 | $1.3M |
| 2022 | Form 5500 | 8 | $1.4M |
| 2023 | Form 5500 | 9 | $1.6M |
| 2024 | Form 5500 | 10 | $1.8M |
| 2025 | Form 5500 | 12 | $2.2M |
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
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Bobby Lewis Ins Agency Inc is a State Farm insurance agency in Choctaw, OK offering personal and financial insurance and services to local customers.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BOBBY LEWIS INSURANCE INC this business | $1.6M | — |
| MCKELVEY INSURANCE AGENCY Choctaw · 4 employees | $709K | 0.1 mi |
| AAA Choctaw - Insurance/Membership Only Choctaw | $815K | 0.4 mi |
| OMEGA INSURANCE AGENCY, INC. Choctaw · 8 employees | $1.9M | 1.1 mi |
| State Farm Insurance Choctaw | $815K | 1.1 mi |
| Sid Sanders Farmers Insurance Agent Choctaw | $815K | 1.4 mi |
| Nicholas Curto - 13125 NE 23rd St Choctaw | $815K | 1.4 mi |
The full calculation
| Employees reported to the SBA | 6 |
| 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) | $1.8M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $467K |
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 | $1.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $885K – $2.3M |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $307K – $532K |
| 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
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 |
|---|---|---|---|
| 4/8/2020 | first | $78K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bobby Lewis Insurance Inc
Bobby Lewis Insurance Inc is an insurance agencies company in Choctaw, Oklahoma, in business since 2008. Its estimated annual revenue is about $1.6M, with roughly $467K of EBITDA. It has about 12 employees. Its estimated business value is $1.7M (likely range $885K–$2.3M).
Common questions
- Who owns Bobby Lewis Insurance Inc?
- The owner of Bobby Lewis Insurance 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 Bobby Lewis Insurance Inc make?
- SeeBITDA estimates Bobby Lewis Insurance Inc's annual revenue at about $1.6M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bobby Lewis Insurance Inc worth?
- About $1.7M, roughly 3.6× its estimated EBITDA of $467K, typical for a insurance agencies company its size. Likely range: $885K–$2.3M.
- How many employees does Bobby Lewis Insurance Inc have?
- About 12, from its 2025 retirement-plan filing.
- When was Bobby Lewis Insurance Inc founded?
- Bobby Lewis Insurance Inc has been in business since 2008.