It Assets Inc
How we got $1.3M
Based on 13 employees reported for PPP in 2020, grown 8% a year since.
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
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
IT Assets, Inc. cuts the cost and hassles of liquidating obsolete or surplus business technology. It is based in Oklahoma City, OK.
From the company's website. Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| IT ASSETS INC this business | $6.6M | — |
| VENTILATEOK LLC Oklahoma City · 5 employees | $1.8M | 0.7 mi |
| EOL TEK, LLC Okc · 4 employees | $1.6M | 0.7 mi |
| DIVERSE ASSETS LLC Oklahoma City · 8 employees | $4.4M | 0.8 mi |
| Benco Dental Supply Co Oklahoma City | $988K | 1.2 mi |
| Henry Schein Oklahoma City | $2.0M | 1.2 mi |
| SPRAY TECH SYSTEMS INC Oklahoma City · 5 employees | $3.4M | 1.6 mi |
Ranges & sources
| Revenue range | $3.9M – $7.9M |
| EBITDA range | $269K – $539K |
| Industry (NAICS) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (423430) |
| Value range | $625K – $1.9M |
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
- BankingBank of America, National Association, Great Plains National 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 Roles are as stated there and may be out of date.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
| Bank of America, National Association PPP 2020 | All 1,034 borrowers → |
| Great Plains National Bank PPP 2021 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $62K | 12 |
| 2/3/2021 | second | $73K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About It Assets Inc
It Assets Inc is a computer and computer peripheral equipment and software merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2003. It is owned by Michael Smith. Its estimated annual revenue is about $6.6M, with roughly $455K of EBITDA. It has about 13 employees. Its estimated business value is $1.3M (likely range $625K–$1.9M).
Common questions
- Who owns It Assets Inc?
- It Assets Inc is owned by Michael Smith, according to public sources such as the company's website or filings.
- How much revenue does It Assets Inc make?
- SeeBITDA estimates It Assets Inc's annual revenue at about $6.6M (likely between $3.9M and $7.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is It Assets Inc worth?
- About $1.3M, roughly 2.9× its estimated EBITDA of $455K, typical for a computer and computer peripheral equipment and software merchant wholesalers company its size. Likely range: $625K–$1.9M.
- How many employees does It Assets Inc have?
- About 13, as reported on its PPP loan.
- When was It Assets Inc founded?
- It Assets Inc has been in business since 2003.