Heritage Electric Inc
How we got $110K
Based on its 1 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 |
|---|---|---|
| HERITAGE ELECTRIC INC this business | $365K | — |
| Aftershock Electric Blanchard | $1.9M | 0.2 mi |
| Good Bro's Plumbing Blanchard | $1.9M | 0.7 mi |
| ACCURATE MACHINE WORKS, INC. Blanchard · 10 employees | $3.7M | 1.9 mi |
| HILL HEATING, AIR CONDITIONING AND PLUMBING, LLC Blanchard · 2 employees | $612K | 2.2 mi |
| RICKEY WOODS Blanchard · 1 employees | $317K | 2.2 mi |
| CLIMATE CONCEPTS LLC Tuttle · 5 employees | $1.0M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $247K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $415K |
| Estimate: the two combined (geometric mean) | $365K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $55K |
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 | $110K |
| Multiple for this size and industry | 2× |
| Value range | $58K – $150K |
| Revenue range | $240K – $416K |
| EBITDA range | $36K – $63K |
| 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
- BankingTrue Sky FCUPPP / 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 Roles are as stated there and may be out of date.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
| True Sky FCU PPP 2020 | All 149 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/4/2020 | first | $14K | 1 |
About Heritage Electric Inc
Heritage Electric Inc is an electricians company in Blanchard, Oklahoma. Its estimated annual revenue is about $365K, with roughly $55K of EBITDA. It has about 1 employees. Its estimated business value is $110K (likely range $58K–$150K).
Common questions
- Who owns Heritage Electric Inc?
- The owner of Heritage 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 Heritage Electric Inc make?
- SeeBITDA estimates Heritage Electric Inc's annual revenue at about $365K (likely between $240K and $416K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heritage Electric Inc worth?
- About $110K, roughly 2× its estimated EBITDA of $55K, typical for a electricians company its size. Likely range: $58K–$150K.
- How many employees does Heritage Electric Inc have?
- About 1, as reported on its PPP loan.