Carrs Insurance Agency, LLC
How we got $740K
Based on its 3 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.
What we know
What they do
Carrs Insurance Agency in Frederick, Oklahoma offers personalized property and casualty insurance advice and coverage for homeowners, car owners, business owners, and agriculturists.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- AFR Insurance Partner · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CARRS INSURANCE AGENCY, LLC this business | $752K | — |
| C & B INSURANCE AGENCY INC Frederick · 6 employees | $1.1M | 0.0 mi |
| SOUTHWEST AG SERVICES, INC Frederick · 4 employees | $1.2M | 0.6 mi |
| Chris Middick - State Farm Insurance Agent Frederick | $815K | 0.7 mi |
| LRP Experts - US Ag Insurance LLC Frederick | $815K | 0.8 mi |
| Bob Bagwell Insurance Frederick | $815K | 1.2 mi |
| Tillman Producers Co-op Frederick | $815K | 6.2 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) | $698K |
| Estimate: the two combined (geometric mean) | $752K |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $247K |
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 | $740K |
| Multiple for this size and industry | 3× |
| Value range | $389K – $1.0M |
| Revenue range | $495K – $857K |
| EBITDA range | $162K – $281K |
| 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
- BankingFrazer 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
| Frazer Bank PPP 2020, PPP 2021 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $24K | 3 |
| 3/12/2021 | second | $24K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carrs Insurance Agency, LLC
Carrs Insurance Agency, LLC is an insurance agencies company in Frederick, Oklahoma, in business since 2024. Its estimated annual revenue is about $752K, with roughly $247K of EBITDA. It has about 3 employees. Its estimated business value is $740K (likely range $389K–$1.0M).
Common questions
- Who owns Carrs Insurance Agency, LLC?
- The owner of Carrs 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 Carrs Insurance Agency, LLC make?
- SeeBITDA estimates Carrs Insurance Agency, LLC's annual revenue at about $752K (likely between $495K and $857K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carrs Insurance Agency, LLC worth?
- About $740K, roughly 3× its estimated EBITDA of $247K, typical for a insurance agencies company its size. Likely range: $389K–$1.0M.
- How many employees does Carrs Insurance Agency, LLC have?
- About 3, as reported on its PPP loan.
- When was Carrs Insurance Agency, LLC founded?
- Carrs Insurance Agency, LLC has been in business since 2024.