Hometown Insurance Agency Inc
- James SeayChief Financial Officer · Company website
- Michelle WeinMain Office Agency Director · Company website
- Katie PaceDirector of Operations · Company website
- Jordan BlomDirector of Agency Development · Company website
How we got $1.7M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 30% 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
What they do
Hometown Insurance Agency is an independent insurance agency offering home, auto, umbrella, and commercial building and product insurance to people of Tulsa, Oklahoma and nearby areas.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HOMETOWN INSURANCE AGENCY INC this business | $1.6M | — |
| JON S GROSSI INSURANCE AGENCY LLC Tulsa · 1 employees | $265K | 0.0 mi |
| Old Republic Insured Automotive Services, Inc. Tulsa | $815K | 0.0 mi |
| Hannah Scott - Country Financial Representative Tulsa | $815K | 0.0 mi |
| Micah Belyeu - COUNTRY Financial representative Tulsa | $815K | 0.1 mi |
| Justin Loomis - COUNTRY Financial representative Tulsa | $815K | 0.1 mi |
| DANIEL W. PARKER INSURANCE & FINANCIAL SERVICES LLC Tulsa · 7 employees | $1.5M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $479K |
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 | $1.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $908K – $2.4M |
| Revenue range | $1.1M – $1.8M |
| EBITDA range | $315K – $547K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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 Bank, BOKF, National AssociationPPP / 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 → |
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $13K | 1 |
| 7/13/2020 | first | $70K | 7 |
5 locations
| 8282 S MEMORIAL DR #100 | Tulsa | This listing |
| 200 1/2 W Main St | Ardmore | View |
| 804 12th Ave NW | Ardmore | View |
| 820 Frisco Ave | Clinton | View |
| 117 N Main St | Fairview | View |
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 Hometown Insurance Agency Inc
Hometown Insurance Agency Inc is an insurance agencies company in Tulsa, Oklahoma, in business since 2019. It is owned by Josh Turpin. Its estimated annual revenue is about $1.6M, with roughly $479K of EBITDA. It has about 7 employees. Its estimated business value is $1.7M (likely range $908K–$2.4M). It has 5 locations.
Common questions
- Who owns Hometown Insurance Agency Inc?
- Hometown Insurance Agency Inc is owned by Josh Turpin, according to public sources such as the company's website or filings.
- How much revenue does Hometown Insurance Agency Inc make?
- SeeBITDA estimates Hometown Insurance Agency Inc's annual revenue at about $1.6M (likely between $1.1M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hometown Insurance Agency Inc worth?
- About $1.7M, roughly 3.6× its estimated EBITDA of $479K, typical for a insurance agencies company its size. Likely range: $908K–$2.4M.
- How many employees does Hometown Insurance Agency Inc have?
- About 7, as reported on its PPP loan.
- When was Hometown Insurance Agency Inc founded?
- Hometown Insurance Agency Inc has been in business since 2019.