Gap Electric Inc.
How we got $308K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| GAP ELECTRIC INC. this business | $1.2M | — |
| FAITH GARAGE DOORS, LLC Mangum · 1 employees | $439K | 0.2 mi |
| Payne's Heat & Air Mangum | $1.8M | 0.2 mi |
| Payne's Heating & Air Conditioning Mangum | $1.8M | 0.5 mi |
| CF Heat and Air Granite | $1.8M | 9.1 mi |
| TRIPLE T CONSTRUCTION LLC Blair · 1 employees | $597K | 13.6 mi |
| ROBERT K THOMPSON LLC Blair · 8 employees | $1.5M | 14.6 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $832K |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $154K |
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 | $308K |
| Multiple for this size and industry | 2× |
| Value range | $162K – $422K |
| Revenue range | $790K – $1.4M |
| EBITDA range | $101K – $176K |
| 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
- BankingGreat Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2020 | All 1,112 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 | $30K | 6 |
About Gap Electric Inc.
Gap Electric Inc. is an electricians company in Mangum, Oklahoma. Its estimated annual revenue is about $1.2M, with roughly $154K of EBITDA. It has about 6 employees. Its estimated business value is $308K (likely range $162K–$422K).
Common questions
- Who owns Gap Electric Inc.?
- The owner of Gap 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 Gap Electric Inc. make?
- SeeBITDA estimates Gap Electric Inc.'s annual revenue at about $1.2M (likely between $790K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gap Electric Inc. worth?
- About $308K, roughly 2× its estimated EBITDA of $154K, typical for a electricians company its size. Likely range: $162K–$422K.
- How many employees does Gap Electric Inc. have?
- About 6, as reported on its PPP loan.