Cleveland Insurance Agency LLC
How we got $363K
Based on its 2 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 |
|---|---|---|
| CLEVELAND INSURANCE AGENCY LLC this business | $314K | — |
| Kyle Krotzer - 109 N Broadway St Cleveland | $806K | 0.0 mi |
| MUNDING INSURANCE, INC. Cleveland · 2 employees | $288K | 0.1 mi |
| OVERMAN INSURANCE AGENCY LLC Cleveland · 13 employees | $2.8M | 0.1 mi |
| DOUGLAS LEE INSURANCE AGENCY LLC Cleveland · 2 employees | $513K | 0.1 mi |
| Farmers Insurance - Kyle Krotzer Cleveland | $806K | 0.1 mi |
| TIM HOUGH INSURANCE AGENCY, INC. Cleveland · 5 employees | $1.1M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $415K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $183K |
| Estimate: the two combined (geometric mean) | $314K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $121K |
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 | $363K |
| Multiple for this size and industry | 3× |
| Value range | $191K – $496K |
| Revenue range | $207K – $359K |
| EBITDA range | $80K – $138K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingSpiritBankPPP / 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 Roles are as stated there and may be out of date.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
| SpiritBank PPP 2020 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $6K | 2 |
About Cleveland Insurance Agency LLC
Cleveland Insurance Agency LLC is an insurance agencies company in Cleveland, Oklahoma. Its estimated annual revenue is about $314K, with roughly $121K of EBITDA. It has about 2 employees. Its estimated business value is $363K (likely range $191K–$496K).
Common questions
- Who owns Cleveland Insurance Agency LLC?
- The owner of Cleveland 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 Cleveland Insurance Agency LLC make?
- SeeBITDA estimates Cleveland Insurance Agency LLC's annual revenue at about $314K (likely between $207K and $359K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cleveland Insurance Agency LLC worth?
- About $363K, roughly 3× its estimated EBITDA of $121K, typical for a insurance agencies company its size. Likely range: $191K–$496K.
- How many employees does Cleveland Insurance Agency LLC have?
- About 2, as reported on its PPP loan.