Brad Witherspoon Agency
How we got $702K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Brad Witherspoon is a Farmers Insurance agent in Midwest City, OK, offering auto, home, life, renters, business, and other insurance products to local clients.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Farmers · brand it sells or installs
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 |
|---|---|---|
| BRAD WITHERSPOON AGENCY this business | $609K | — |
| RICK NEWBY INSURANCE INC Oklahoma City · 7 employees | $1.4M | 0.0 mi |
| Barbs the Insurance lady Midwest City | $1.6M | 0.1 mi |
| Farmers Insurance - Kent Wheeler Oklahoma City | $806K | 0.1 mi |
| WHEELER WHITLOCK INSURANCE AGENCY INC Oklahoma City · 6 employees | $1.2M | 0.1 mi |
| FirstPoint Insurance Midwest City | $806K | 0.2 mi |
| Allied Dealer Services Midwest City | $806K | 0.6 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $623K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $458K |
| Estimate: the two combined (geometric mean) | $609K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $234K |
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 | $702K |
| Multiple for this size and industry | 3× |
| Value range | $369K – $961K |
| Revenue range | $400K – $694K |
| EBITDA range | $154K – $267K |
| 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
Leadership
- BWBrad WitherspoonFarmers Insurance Agent · Company website · source
Advisors
- BankingFarmers Insurance Group FCUPPP / 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
| Farmers Insurance Group FCU PPP 2020 | All 12 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/5/2020 | first | $15K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Brad Witherspoon Agency
Brad Witherspoon Agency is an insurance agencies company in Midwest City, Oklahoma, in business since 1996. Its estimated annual revenue is about $609K, with roughly $234K of EBITDA. It has about 3 employees. Its estimated business value is $702K (likely range $369K–$961K).
Common questions
- Who owns Brad Witherspoon Agency?
- The owner of Brad Witherspoon Agency 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 Witherspoon Agency make?
- SeeBITDA estimates Brad Witherspoon Agency's annual revenue at about $609K (likely between $400K and $694K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Brad Witherspoon Agency worth?
- About $702K, roughly 3× its estimated EBITDA of $234K, typical for a insurance agencies company its size. Likely range: $369K–$961K.
- How many employees does Brad Witherspoon Agency have?
- About 3, as reported on its PPP loan.
- When was Brad Witherspoon Agency founded?
- Brad Witherspoon Agency has been in business since 1996.