Doyle's Electric, Inc.
How we got $1.0M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 62 years (since 1964)
- Founder still runs it after 62 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Doyle's Electric, Inc. is a family-owned electrical business serving the Norman, OK community since 1964, offering residential and commercial new construction, remodel, and electrical service work along with a lighting showroom.
From the company's website. Industry: Electricians.
Customers & suppliers
Suppliers & brands
- Golden Lighting · brand it sells or installs
- designers fountain · brand it sells or installs
- Melissa lighting · brand it sells or installs
- Minka Group · brand it sells or installs
- Nuvo Lighting · brand it sells or installs
- oxygen · brand it sells or installs
- Quorum International · brand it sells or installs
- Statco · brand it sells or installs
- Savoy House · brand it sells or installs
- Savoy Meridian · brand it sells or installs
- Capital Lighting · brand it sells or installs
- eurofase · brand it sells or installs
- Matteo · brand it sells or installs
- Troy Lighting · brand it sells or installs
- Vaxcel · brand it sells or installs
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOYLE'S ELECTRIC, INC. this business | $4.0M | — |
| Passion Electric Norman | $937K | 0.1 mi |
| MYERS AND ASSOCIATES ELECTRICAL SALES INC. Norman · 5 employees | $566K | 0.2 mi |
| WATERS ELECTRIC INCORPORATED Norman · 14 employees | $2.7M | 0.2 mi |
| Metro Rooter Plumbing Norman | $937K | 0.2 mi |
| COMMERCIAL DOOR LLC Norman · 10 employees | $3.2M | 0.6 mi |
| Schaffner-valouch Contractor Inc. Norman | $937K | 0.7 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.7M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $423K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 2% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $1.0M |
| Multiple for this size and industry | 2.4× |
| Value range | $609K – $1.6M |
| Revenue range | $3.0M – $5.2M |
| EBITDA range | $317K – $550K |
| 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
People & advisors
Leadership
Advisors
- BankingFirst United Bank and 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
| First United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 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 | $184K | 20 |
| 1/28/2021 | second | $174K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Doyle's Electric, Inc.
Doyle's Electric, Inc. is a family-owned electricians company in Norman, Oklahoma, in business since 1964. It is owned by Doyle Taylor (Founder). Its estimated annual revenue is about $4.0M, with roughly $423K of EBITDA. It has about 20 employees. Its estimated business value is $1.0M (likely range $609K–$1.6M).
Common questions
- Who owns Doyle's Electric, Inc.?
- Doyle's Electric, Inc. is owned by Doyle Taylor (Founder), according to public sources such as the company's website or filings.
- How much revenue does Doyle's Electric, Inc. make?
- SeeBITDA estimates Doyle's Electric, Inc.'s annual revenue at about $4.0M (likely between $3.0M and $5.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Doyle's Electric, Inc. worth?
- About $1.0M, roughly 2.4× its estimated EBITDA of $423K, typical for a electricians company its size. Likely range: $609K–$1.6M.
- How many employees does Doyle's Electric, Inc. have?
- About 20, as reported on its PPP loan.
- When was Doyle's Electric, Inc. founded?
- Doyle's Electric, Inc. has been in business since 1964.
- Is Doyle's Electric, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 62 years (since 1964); founder still runs it after 62 years; no family successor named on its website.