Choice Insurance Group, Inc.
How we got $1.3M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| CHOICE INSURANCE GROUP, INC. this business | $1.1M | — |
| BRENDA HOOD REAL ESTATE, INC Alva · 1 employees | $256K | 0.0 mi |
| Agri Surance Inc Alva | $806K | 0.4 mi |
| STEPHANIE EATON INSURANCE AGENCY, INC Alva · 4 employees | $1.1M | 0.6 mi |
| HALTOM INSURANCE AGENCY, LLC Alva · 6 employees | $1.3M | 0.6 mi |
| NORTHWEST INSURERS, LLC Alva · 2 employees | $485K | 0.6 mi |
| S & H INSURANCE Alva · 1 employees | $245K | 1.2 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $830K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $354K |
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 | $1.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $671K – $1.7M |
| Revenue range | $710K – $1.2M |
| EBITDA range | $233K – $404K |
| 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
Advisors
- BankingAlva State Bank & Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| Alva State Bank & Trust Company PPP 2020, PPP 2021 | All 172 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $37K | 4 |
| 1/28/2021 | second | $37K | 4 |
About Choice Insurance Group, Inc.
Choice Insurance Group, Inc. is an insurance agencies company in Alva, Oklahoma. Its estimated annual revenue is about $1.1M, with roughly $354K of EBITDA. It has about 4 employees. Its estimated business value is $1.3M (likely range $671K–$1.7M).
Common questions
- Who owns Choice Insurance Group, Inc.?
- The owner of Choice Insurance Group, Inc. 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 Choice Insurance Group, Inc. make?
- SeeBITDA estimates Choice Insurance Group, Inc.'s annual revenue at about $1.1M (likely between $710K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Choice Insurance Group, Inc. worth?
- About $1.3M, roughly 3.6× its estimated EBITDA of $354K, typical for a insurance agencies company its size. Likely range: $671K–$1.7M.
- How many employees does Choice Insurance Group, Inc. have?
- About 4, as reported on its PPP loan.