Hetrick Electric, LLC
How we got $683K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Hetrick Electric, LLC is a family-owned electrical contractor in Blackwell, OK that says it provides all electrical services for residential, commercial, oil field, generator and solar customers, with 25 years of experience.
From the company's website. Industry: Electricians.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- CLEVELAND PETROLEUM PRODUCTS, INC. · Cleveland, 60 mi · $234.4M
- SPESS OIL COMPANY · Cleveland, 58 mi · $168.0M
- MARSAU ENTERPRISES, INC. · Enid, 39 mi · $144.4M
- HOUGH OILFIELD SERVICES, INC · Cushing, 67 mi · $69.6M
- RITE-WAY CONSTRUCTION LLC · Enid, 39 mi · $68.9M
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 |
|---|---|---|
| HETRICK ELECTRIC, LLC this business | $2.5M | — |
| TUCKER PLUMBING, INC Nardin · 7 employees | $1.8M | 6.2 mi |
| SUPERIOR PLUMBING OF PONCA CITY, INC. Newkirk · 2 employees | $485K | 9.8 mi |
| JOSH SHORT PLUMBING, INC Ponca City · 6 employees | $1.5M | 11.3 mi |
| Air System Components Ponca City | $1.8M | 13.2 mi |
| Ponca Plumbing & Heating Ponca City | $1.8M | 13.2 mi |
| POWELL ELECTRIC LLC Ponca City · 5 employees | $833K | 13.6 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) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $285K |
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 | $683K |
| Multiple for this size and industry | 2.4× |
| Value range | $360K – $935K |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $187K – $325K |
| 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
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $84K | 9 |
| 1/20/2021 | second | $85K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hetrick Electric, LLC
Hetrick Electric, LLC is an electricians company in Blackwell, Oklahoma, in business since 2021. Its estimated annual revenue is about $2.5M, with roughly $285K of EBITDA. It has about 9 employees. Its estimated business value is $683K (likely range $360K–$935K).
Common questions
- Who owns Hetrick Electric, LLC?
- The owner of Hetrick Electric, LLC 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 Hetrick Electric, LLC make?
- SeeBITDA estimates Hetrick Electric, LLC's annual revenue at about $2.5M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hetrick Electric, LLC worth?
- About $683K, roughly 2.4× its estimated EBITDA of $285K, typical for a electricians company its size. Likely range: $360K–$935K.
- How many employees does Hetrick Electric, LLC have?
- About 9, as reported on its PPP loan.
- When was Hetrick Electric, LLC founded?
- Hetrick Electric, LLC has been in business since 2021.