Brad Russell Insurance Agency, LLC
How we got $14.0M
Based on 6 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
What they do
Brad Russell's State Farm agency in Warr Acres, OK offers insurance and banking products to families and small businesses. It says it serves families across Oklahoma, Texas, and Arkansas.
From the company's website. Industry: Direct Health and Medical Insurance Carriers.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Estimated value over time
▲ 53% 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 |
|---|---|---|
| BRAD RUSSELL INSURANCE AGENCY, LLC this business | $10.7M | — |
| PHIL GOODE & ASSOCIATES INC Oklahoma City · 1 employees | $1.2M | 1.4 mi |
| CAMPBELL -KAUFFMAN, INC. Oklahoma City · 3 employees | $4.6M | 2.2 mi |
| OKLAHOMA HEALTH AND LIFE INSURANCE, LLC Oklahoma City · 1 employees | $935K | 3.2 mi |
| PRAXIS HEALTH GROUP, LLC Oklahoma City · 4 employees | $5.7M | 3.2 mi |
| KEY FINANCIAL ADVISORS LLC Oklahoma City · 1 employees | $439K | 3.4 mi |
| JOE BAKER INSURANCE AGENCY INC. Oklahoma City · 3 employees | $1.7M | 3.5 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Industry revenue per employee | $1.3M |
| Revenue = employees × revenue per employee | $10.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.5M |
| Cross-check: revenue implied by PPP payroll | $2.4M |
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 | $14.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.6M – $19.8M |
| Revenue range | $6.3M – $12.6M |
| EBITDA range | $1.5M – $3.0M |
| Industry (NAICS) | Direct Health and Medical Insurance Carriers (524114) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“Welcome! I'm proud to share that I opened my State Farm agency in 2018, after dedicating 25 years to a successful corporate career.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $27K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Brad Russell Insurance Agency, LLC
Brad Russell Insurance Agency, LLC is a direct health and medical insurance carriers company in Warr Acres, Oklahoma, in business since 2018. Its estimated annual revenue is about $10.7M, with roughly $2.5M of EBITDA. It has about 6 employees. Its estimated business value is $14.0M (likely range $6.6M–$19.8M).
Common questions
- Who owns Brad Russell Insurance Agency, LLC?
- The owner of Brad Russell Insurance Agency, 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 Brad Russell Insurance Agency, LLC make?
- SeeBITDA estimates Brad Russell Insurance Agency, LLC's annual revenue at about $10.7M (likely between $6.3M and $12.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Brad Russell Insurance Agency, LLC worth?
- About $14.0M, roughly 5.5× its estimated EBITDA of $2.5M, typical for a direct health and medical insurance carriers company its size. Likely range: $6.6M–$19.8M.
- How many employees does Brad Russell Insurance Agency, LLC have?
- About 6, as reported on its PPP loan.
- When was Brad Russell Insurance Agency, LLC founded?
- Brad Russell Insurance Agency, LLC has been in business since 2018.