Carey Electric LLC
How we got $397K
Based on its 8 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 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
What they do
The pages belong to Carey Electric Company of Vandalia, Ohio, which does not match the requested business, Carey Electric LLC of Guthrie, OK, so no details were recorded.
From the company's website. Industry: Electricians.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CAREY ELECTRIC LLC this business | $1.7M | — |
| Central Air Services Guthrie | $1.8M | 3.0 mi |
| Water Tight Plumbing Solutions Guthrie | $1.8M | 3.5 mi |
| GOOCH SMITH ELECTRIC INC Guthrie · 4 employees | $1.4M | 3.7 mi |
| H2O PLUMBING SOLUTIONS LLC Guthrie · 4 employees | $763K | 3.8 mi |
| Patmon Plumbing Guthrie | $1.8M | 4.2 mi |
| CASE ELECTRIC CO LLC Guthrie · 2 employees | $584K | 4.2 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $198K |
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 | $397K |
| Multiple for this size and industry | 2× |
| Value range | $209K – $543K |
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $131K – $226K |
| 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
People & 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 |
|---|---|---|---|
| 4/29/2020 | first | $46K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carey Electric LLC
Carey Electric LLC is an electricians company in Guthrie, Oklahoma, in business since 2000. Its estimated annual revenue is about $1.7M, with roughly $198K of EBITDA. It has about 8 employees. Its estimated business value is $397K (likely range $209K–$543K).
Common questions
- Who owns Carey Electric LLC?
- The owner of Carey Electric 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 Carey Electric LLC make?
- SeeBITDA estimates Carey Electric LLC's annual revenue at about $1.7M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carey Electric LLC worth?
- About $397K, roughly 2× its estimated EBITDA of $198K, typical for a electricians company its size. Likely range: $209K–$543K.
- How many employees does Carey Electric LLC have?
- About 8, as reported on its PPP loan.
- When was Carey Electric LLC founded?
- Carey Electric LLC has been in business since 2000.