Inco Electric Inc
How we got $735K
Based on its 8 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
- Headcount down 29% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▲ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 8 | $1.6M |
| 2022 | Form 5500 | 13 | $2.5M |
| 2023 | Form 5500 | 14 | $2.7M |
| 2024 | Form 5500 | 10 | $1.9M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INCO ELECTRIC INC this business | $2.6M | — |
| MGB PLUMBING AND HEATING AND AIR CONDITIONING, INC. Bartlesville · 4 employees | $1.1M | 0.3 mi |
| MADISON BLAXTON Bartlesville · 1 employees | $306K | 0.5 mi |
| RUSH OVERHEAD DOOR SERVICE INC Bartlesville · 5 employees | $1.9M | 1.4 mi |
| Lays Electric Bartlesville | $1.8M | 1.6 mi |
| C&M PLUMBING LLC Bartlesville · 2 employees | $560K | 2.7 mi |
| Brooks Heating and Cooling Bartlesville | $1.8M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $306K |
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 | $735K |
| Multiple for this size and industry | 2.4× |
| Value range | $387K – $1.0M |
| Revenue range | $1.7M – $3.0M |
| EBITDA range | $202K – $349K |
| 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
People & 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
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $110K | 8 |
About Inco Electric Inc
Inco Electric Inc is an electricians company in Bartlesville, Oklahoma. Its estimated annual revenue is about $2.6M, with roughly $306K of EBITDA. It has about 10 employees. Its estimated business value is $735K (likely range $387K–$1.0M).
Common questions
- Who owns Inco Electric Inc?
- The owner of Inco 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 Inco Electric Inc make?
- SeeBITDA estimates Inco Electric Inc's annual revenue at about $2.6M (likely between $1.7M and $3.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Inco Electric Inc worth?
- About $735K, roughly 2.4× its estimated EBITDA of $306K, typical for a electricians company its size. Likely range: $387K–$1.0M.
- How many employees does Inco Electric Inc have?
- About 10, from its 2024 retirement-plan filing.