Genesis 1:3 Electric LLC
How we got $762K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
What they do
Genesis 1:3 Electric LLC is a family-owned electrical contractor in Tulsa, OK offering residential and commercial electrical services. It is also an authorized dealer for Generac generators.
From the company's website. Industry: Electricians.
Customers & suppliers
Suppliers & brands
- Generac · 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 |
|---|---|---|
| GENESIS 1:3 ELECTRIC LLC this business | $2.7M | — |
| Southwest Test & Balance Tulsa | $1.8M | 0.0 mi |
| Environmental Specialists Tulsa | $1.8M | 0.0 mi |
| GENESIS 1:3 ELECTRICAL LLC Tulsa · 7 employees | $2.4M | 0.1 mi |
| Omni Mechanical Services, HVAC Plumbing Commercial & Residential. Tulsa | $1.8M | 0.1 mi |
| INFINITY PLUMBING SERVICES, LLC Tulsa · 1 employees | $362K | 0.4 mi |
| YORK ELECTRONIC SYSTEMS, INC Broken Arrow · 37 employees | $12.7M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $317K |
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 | $762K |
| Multiple for this size and industry | 2.4× |
| Value range | $401K – $1.0M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $209K – $362K |
| 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
“He has been in the electrical business since 1994 and established Genesis 1:3 Electric LLC in 2011.”
Advisors
- BankingSecurity 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
| Security Bank PPP 2020 | All 617 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 | $105K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Genesis 1:3 Electric LLC
Genesis 1:3 Electric LLC is a family-owned electricians company in Tulsa, Oklahoma, in business since 2011. It is owned by Ted LaBombarbe. Its estimated annual revenue is about $2.7M, with roughly $317K of EBITDA. It has about 9 employees. Its estimated business value is $762K (likely range $401K–$1.0M).
Common questions
- Who owns Genesis 1:3 Electric LLC?
- Genesis 1:3 Electric LLC is owned by Ted LaBombarbe, according to public sources such as the company's website or filings.
- How much revenue does Genesis 1:3 Electric LLC make?
- SeeBITDA estimates Genesis 1:3 Electric LLC's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Genesis 1:3 Electric LLC worth?
- About $762K, roughly 2.4× its estimated EBITDA of $317K, typical for a electricians company its size. Likely range: $401K–$1.0M.
- How many employees does Genesis 1:3 Electric LLC have?
- About 9, as reported on its PPP loan.
- When was Genesis 1:3 Electric LLC founded?
- Genesis 1:3 Electric LLC has been in business since 2011.