Farris Electric, LLC
How we got $799K
Based on its 14 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FARRIS ELECTRIC, LLC this business | $2.9M | — |
| Crazy Ac Guy Durant | $1.9M | 0.0 mi |
| WILKEY PLUMBING, LLC Durant · 20 employees | $5.0M | 0.3 mi |
| CLAY LEWIS ELECTRIC INC. Durant · 8 employees | $1.4M | 2.2 mi |
| Hunter Super Techs: HVAC, Plumbing and Electrical Services in Durant OK Durant | $1.9M | 2.2 mi |
| Mr. Electric of Texoma Durant | $1.9M | 2.2 mi |
| TEXOMA MAINTENANCE & REFRIGERATION, INC. Durant · 8 employees | $2.0M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $333K |
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 | $799K |
| Multiple for this size and industry | 2.4× |
| Value range | $421K – $1.1M |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $219K – $380K |
| 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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/4/2020 | first | $67K | 9 |
| 3/30/2021 | second | $75K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Farris Electric, LLC
Farris Electric, LLC is an electricians company in Durant, Oklahoma. It is owned by Justin Shrader. Its estimated annual revenue is about $2.9M, with roughly $333K of EBITDA. It has about 14 employees. Its estimated business value is $799K (likely range $421K–$1.1M).
Common questions
- Who owns Farris Electric, LLC?
- Farris Electric, LLC is owned by Justin Shrader, according to public sources such as the company's website or filings.
- How much revenue does Farris Electric, LLC make?
- SeeBITDA estimates Farris Electric, LLC's annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Farris Electric, LLC worth?
- About $799K, roughly 2.4× its estimated EBITDA of $333K, typical for a electricians company its size. Likely range: $421K–$1.1M.
- How many employees does Farris Electric, LLC have?
- About 14, as reported on its PPP loan.