Favco Electric, Inc.
How we got $964K
Based on its 14 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 32 years (since 1994)
From public records and the company's website, not a statement that it's for sale.
What they do
FavCo Electric, Inc. is an electrical contractor in Oilton, OK offering residential and commercial electrical work, with heating, cooling and plumbing services also advertised on the site under the Thorpe's Sheet Metal name. It serves homeowners, businesses, schools and churches in the Miss-Lou area.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Jimmy John's Sub Shop · named on its website
- Drumright Dental · named on its website
- Cimarron Christian Academy · named on its website
- Clary Sage Beauty College · named on its website
- Naifeh's Grill · named on its website
- Housner's Precast Storm Shelters · named on its website
- Solid Rock Church · named on its website
- Jennings Public Schools · named on its website
- Ahrberg Feed Mill · named on its website
- City of Yale · named on its website
- T&D Fabrications · named on its website
- Armstrong World Industries · named on its website
- Cushing Truss Co · named on its website
- Habitat for Humanity · named on its website
Suppliers & brands
- Generac · brand it sells or installs
- Thorpe's Sheet Metal · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 30 mi · $116.9M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 53 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 70 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 59 mi · $71.2M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 37 mi · $68.9M
- GULFPORT ENERGY CORPORATION · Oklahoma City, 63 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 64 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 67 mi · $711.6M
- T/J INSPECTION, INC. · Del City, 65 mi · $651.7M
- EXPLORER PIPELINE COMPANY · Tulsa, 36 mi · $619.2M
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 |
|---|---|---|
| FAVCO ELECTRIC, INC. this business | $3.5M | — |
| Chadwick Plumbing Jennings | $1.8M | 4.6 mi |
| MINER ELECTRIC INC. Drumright · 4 employees | $1.1M | 5.4 mi |
| D&D ELECTRICAL CONTRACTORS, INC Drumright · 9 employees | $2.1M | 6.7 mi |
| Hampton's Plumbing Services, Inc. Mannford | $1.8M | 7.6 mi |
| MY ELECTRIC GUY, LLC Mannford · 1 employees | $254K | 8.4 mi |
| KLAUS, INC. Cushing · 15 employees | $4.5M | 9.5 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) | $2.6M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $402K |
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 | $964K |
| Multiple for this size and industry | 2.4× |
| Value range | $507K – $1.3M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $264K – $458K |
| 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
Advisors
- BankingRCB BankPPP / 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
| RCB Bank PPP 2020, PPP 2021 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $98K | 14 |
| 1/20/2021 | second | $98K | 14 |
2 locations
| 505 S. A. Ave | Oilton | This listing |
| 117 E Broadway St | Cushing | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Favco Electric, Inc.
Favco Electric, Inc. is an electricians company in Oilton, Oklahoma, in business since 1994. Its estimated annual revenue is about $3.5M, with roughly $402K of EBITDA. It has about 14 employees. Its estimated business value is $964K (likely range $507K–$1.3M). It has 2 locations.
Common questions
- Who owns Favco Electric, Inc.?
- The owner of Favco Electric, 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 Favco Electric, Inc. make?
- SeeBITDA estimates Favco Electric, Inc.'s annual revenue at about $3.5M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Favco Electric, Inc. worth?
- About $964K, roughly 2.4× its estimated EBITDA of $402K, typical for a electricians company its size. Likely range: $507K–$1.3M.
- How many employees does Favco Electric, Inc. have?
- About 14, as reported on its PPP loan.
- When was Favco Electric, Inc. founded?
- Favco Electric, Inc. has been in business since 1994.