Carter Electric, LLC
How we got $349K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Carter Electric Company provides electrical and systems services from design concept and budgeting through construction and post-completion maintenance, serving commercial, healthcare, industrial, multifamily and assisted living facility clients.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Devon Self Storage Facility · named on its website
- ISB Service Conversions · named on its website
- Jackie Robinson Ball Park · named on its website
- Nexus · named on its website
- Thales · named on its website
- Advent Health Medical Office Building · named on its website
- Encompass Rehabilitation Hospital · named on its website
- Halifax Hospital Medical Center Freestanding Emergency Dept · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SUPERIOR HOME CARE, LLC · Elk City, 1 mi · $15.5M
- WCR ENTERPRISES · Altus, 52 mi · $13.3M
- CEDAR CREST MANOR INC · Lawton, 78 mi · $10.3M
- AYERS NURSING HOME, INC. · Snyder, 57 mi · $10.0M
- LAWTON SNF OPERATIONS, LLC · Lawton, 77 mi · $8.6M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CARTER ELECTRIC, LLC this business | $1.4M | — |
| Elk City Air Conditioning & Heating Elk City | $2.0M | 0.6 mi |
| SOUTHWEST OVERHEAD GARAGE DOOR, LLC Elk City · 7 employees | $2.9M | 1.1 mi |
| CULVER ELECTRIC, LLC Elk City · 50 employees | $17.6M | 1.2 mi |
| Red Hot Electric Elk City | $1.9M | 1.2 mi |
| BRET'S PLUMBING, INC. Elk City · 3 employees | $610K | 1.3 mi |
| MARTIN'S AIR CONDITIONING INC Elk City · 3 employees | $1.2M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $988K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $175K |
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 | $349K |
| Multiple for this size and industry | 2× |
| Value range | $184K – $478K |
| Revenue range | $895K – $1.6M |
| EBITDA range | $115K – $199K |
| 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
History & advisors
Advisors
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020, PPP 2021 | All 1,112 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 | $47K | 4 |
| 1/25/2021 | second | $47K | 4 |
2 locations
| 217 W 12th ST | Elk City | This listing |
| 806 S Broadway | Hobart | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carter Electric, LLC
Carter Electric, LLC is an electricians company in Elk City, Oklahoma, in business since 1998. Its estimated annual revenue is about $1.4M, with roughly $175K of EBITDA. It has about 4 employees. Its estimated business value is $349K (likely range $184K–$478K). It has 2 locations.
Common questions
- Who owns Carter Electric, LLC?
- The owner of Carter 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 Carter Electric, LLC make?
- SeeBITDA estimates Carter Electric, LLC's annual revenue at about $1.4M (likely between $895K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carter Electric, LLC worth?
- About $349K, roughly 2× its estimated EBITDA of $175K, typical for a electricians company its size. Likely range: $184K–$478K.
- How many employees does Carter Electric, LLC have?
- About 4, as reported on its PPP loan.
- When was Carter Electric, LLC founded?
- Carter Electric, LLC has been in business since 1998.