J. Charles Insurance LLC
How we got $1.5M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
J Charles Insurance is an independent insurance agency in Norman, OK that offers personal, business, and health, life, and benefits insurance. It says it represents a variety of carriers and works with individuals, businesses, and employers.
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.
- LSB INDUSTRIES, INC · Oklahoma City, 24 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 29 mi · $339.6M
- SOUTHWESTERN WIRE INC · Norman, 2 mi · $312.4M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 27 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 22 mi · $232.0M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| J. CHARLES INSURANCE LLC this business | $1.3M | — |
| PETTIT INSURANCE LLC Norman · 4 employees | $1.2M | 0.0 mi |
| Steiner Insurance Group Norman | $1.6M | 0.0 mi |
| Brandon Fisher Norman | $806K | 0.0 mi |
| Freedom Insurance Services Oklahoma City Norman | $1.6M | 0.0 mi |
| VALLEY AGENCY, LLC Norman · 1 employees | $320K | 0.2 mi |
| Alexandria Newton Norman | $806K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $886K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $419K |
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 | $1.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $793K – $2.1M |
| Revenue range | $839K – $1.5M |
| EBITDA range | $275K – $477K |
| 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
People & advisors
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $61K | 5 |
3 locations
| 2421 WILCOX DR | Norman | This listing |
| 2276 36th Ave NW Suite 120 | Norman | View |
| 1726 N Green Ave Ste 300 | Purcell | 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 J. Charles Insurance LLC
J. Charles Insurance LLC is an insurance agencies company in Norman, Oklahoma, in business since 2014. Its estimated annual revenue is about $1.3M, with roughly $419K of EBITDA. It has about 5 employees. Its estimated business value is $1.5M (likely range $793K–$2.1M). It has 3 locations.
Common questions
- Who owns J. Charles Insurance LLC?
- The owner of J. Charles Insurance 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 J. Charles Insurance LLC make?
- SeeBITDA estimates J. Charles Insurance LLC's annual revenue at about $1.3M (likely between $839K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is J. Charles Insurance LLC worth?
- About $1.5M, roughly 3.6× its estimated EBITDA of $419K, typical for a insurance agencies company its size. Likely range: $793K–$2.1M.
- How many employees does J. Charles Insurance LLC have?
- About 5, as reported on its PPP loan.
- When was J. Charles Insurance LLC founded?
- J. Charles Insurance LLC has been in business since 2014.