Colvin-Mills Agency Inc.
How we got $1.2M
Based on its 5 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 48 years (since 1978)
From public records and the company's website, not a statement that it's for sale.
What they do
Colvin-Mills Agency is an insurance agency in Beaver, Oklahoma, serving Northwest Oklahoma and the Oklahoma Panhandle since 1978.
From the company's website. Industry: Insurance agencies.
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 |
|---|---|---|
| COLVIN-MILLS AGENCY INC. this business | $1.0M | — |
| Modern Woodmen Of America Beaver | $806K | 0.4 mi |
| G-T AGENCY INC. Balko · 1 employees | $158K | 22.0 mi |
| MIDWEST CROP PROTECTION INC Gate · 3 employees | $1.0M | 25.7 mi |
| Lake Insurance Laverne | $806K | 35.2 mi |
| DOME INSURANCE AGENCY LLC Laverne · 3 employees | $467K | 35.2 mi |
| Laverne Insurance Laverne | $806K | 35.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $886K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $940K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $341K |
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 | $1.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $647K – $1.7M |
| Revenue range | $685K – $1.2M |
| EBITDA range | $225K – $389K |
| 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
- BankingThe Bank of Beaver CityPPP / 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
| The Bank of Beaver City PPP 2020 | All 54 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $41K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Colvin-Mills Agency Inc.
Colvin-Mills Agency Inc. is an insurance agencies company in Beaver, Oklahoma, in business since 1978. Its estimated annual revenue is about $1.0M, with roughly $341K of EBITDA. It has about 5 employees. Its estimated business value is $1.2M (likely range $647K–$1.7M).
Common questions
- Who owns Colvin-Mills Agency Inc.?
- The owner of Colvin-Mills Agency 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 Colvin-Mills Agency Inc. make?
- SeeBITDA estimates Colvin-Mills Agency Inc.'s annual revenue at about $1.0M (likely between $685K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Colvin-Mills Agency Inc. worth?
- About $1.2M, roughly 3.6× its estimated EBITDA of $341K, typical for a insurance agencies company its size. Likely range: $647K–$1.7M.
- How many employees does Colvin-Mills Agency Inc. have?
- About 5, as reported on its PPP loan.
- When was Colvin-Mills Agency Inc. founded?
- Colvin-Mills Agency Inc. has been in business since 1978.