SeeBITDAOklahoma

Heritage Insurance Advisors

Insurance agencies
  • 1320 E 9TH ST Suite 9, Edmond, OK
  • 2 locations
  • Since 2017
  • NAICS 524210
Company websiteyourhia.comFind on LinkedInSearch LinkedIn for this company
Estimated valueLow confidence
$476K
$250Klikely range$651K
About 3× its yearly profit, typical for a company this size in its industry.
Revenue
$412K
a year
Profit (EBITDA)
$159K
38% of revenue
Employees
3
reported in 2020
Leadership
Skylar Hake
Partner/Principal · source

How we got $476K

Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.

3 employees × $208K each$623K
PPP payroll ÷ payroll's usual share of revenue$210K
Shown toward the top of its range×1.14
Revenue$412K
× 38% profit margin$159K
× 3 sale multiple = value$476K

· Own this business? Correct these figures

Estimated value over time

▲ 30% since 2020
$0$274K$547K20202026

Today'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

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named
2 locations found

What they do

Heritage Insurance Advisors is an independent insurance agency in Edmond, Oklahoma that helps households and businesses compare home, auto, and umbrella coverage. It is licensed in Oklahoma, Texas, and Kansas.

Products & services
Home insuranceAuto insuranceBusiness insuranceRental property insuranceUmbrellaLifeRecreationalFloodRentersClassic carJewelryLandlord
Markets served
HouseholdsOwner-operated companiesLandlords and real-estate investorsMedical practicesDental practicesChiropracticBehavioral healthPharmacy
Service area
Edmond, OklahomaOKC metroOklahomaTexasKansas

From the company's website. Industry: Insurance agencies.

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Real estate
Doctors & clinics
Dentists
Chiropractors & therapists

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
HERITAGE INSURANCE ADVISORS
this business
$412K$159K—
Goosehead Insurance - Patricia Hart
Edmond
$815K$313K0.1 mi
LEE INSURANCE AGENCY, INC
Edmond · 2 employees
$492K$189K0.1 mi
MORTON GROUP LLC
Edmond · 2 employees
$527K$203K0.4 mi
Knights of Columbus Insurance - Pierce Agency
Edmond
$815K$313K0.4 mi
The Hermes Insurance Group Llc
Edmond
$815K$313K0.5 mi
Goosehead Insurance - Jarrad Mcmillan The Mcmillan Agency
Edmond
$815K$313K0.5 mi

The full calculation

Employees reported to the SBA3
Revenue from headcount (employees × revenue per employee for companies this size)$623K
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$210K
Estimate: the two combined (geometric mean)$412K
EBITDA margin (industry, adjusted for size)38%
EBITDA = revenue × margin$159K

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$476K
Multiple for this size and industry3×
Value range$250K – $651K
Revenue range$271K – $470K
EBITDA range$104K – $181K
Industry (NAICS)Insurance Agencies and Brokerages (524210)

Low confidence: the employee-based and payroll-based estimates differ by more than 2×.

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

  • BankingArvest 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

Arvest Bank
PPP 2020
All 5,114 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/15/2020first$7K$7K3Arvest Bank

2 locations

1320 E 9TH ST Suite 9EdmondThis listing
1725 Signal Ridge Dr #150EdmondView

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 Heritage Insurance Advisors

Heritage Insurance Advisors is an insurance agencies company in Edmond, Oklahoma, in business since 2017. It is owned by Skylar Hake (Partner/Principal). Its estimated annual revenue is about $412K, with roughly $159K of EBITDA. It has about 3 employees. Its estimated business value is $476K (likely range $250K–$651K). It has 2 locations.

Common questions

Who owns Heritage Insurance Advisors?
Heritage Insurance Advisors is owned by Skylar Hake (Partner/Principal), according to public sources such as the company's website or filings.
How much revenue does Heritage Insurance Advisors make?
SeeBITDA estimates Heritage Insurance Advisors's annual revenue at about $412K (likely between $271K and $470K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Heritage Insurance Advisors worth?
About $476K, roughly 3× its estimated EBITDA of $159K, typical for a insurance agencies company its size. Likely range: $250K–$651K.
How many employees does Heritage Insurance Advisors have?
About 3, as reported on its PPP loan.
When was Heritage Insurance Advisors founded?
Heritage Insurance Advisors has been in business since 2017.