Lee Norton Agency, Inc.
- Donald NortonFarmers Financial Services Agent · Company website
- Joyce NortonSigns company filings · Form 5500 (2022)
How we got $3.2M
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 53% 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
▲ 150% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 2 | $2.6M |
| 2020 | Form 5500 | 5 | $6.4M |
| 2021 | Form 5500 | 5 | $6.4M |
| 2022 | Form 5500 | 5 | $6.4M |
| 2023 | Form 5500 | 4 | $5.1M |
| 2024 | Form 5500 | 5 | $6.4M |
| 2025 | Form 5500 | 5 | $6.4M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Farmers Financial Services agent Donald Norton, located at 108 W Main St in Hinton, OK, offers insurance and financial products to Hinton customers. The page is a Farmers agent listing for an individual agent rather than a full description of Lee Norton Agency, Inc.
From the company's website. Industry: Direct Health and Medical Insurance Carriers.
Customers & suppliers
Suppliers & brands
- Farmers · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LEE NORTON AGENCY, INC. this business | $2.8M | — |
| Old Republic Title Weatherford | $9.7M | 20.2 mi |
| Good Guys Bail Bonds - Canadian County El Reno | $948K | 23.0 mi |
| Chase Pletcher Bail Bonds El Reno | $1.9M | 23.2 mi |
| FARMERS MUTUAL FIRE INSURANCE COMPANY OF OKARCHE, OKLAHOMA Okarche | $16.5M | 27.1 mi |
| FARMERS MUTUAL FIRE INSURANCE CO. Okarche · 16 employees | $15.5M | 27.6 mi |
| LONNIE PAXTON INSURANCE AGENCY LLC Tuttle · 3 employees | $2.1M | 32.8 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $830K |
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 | $3.2M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.7M – $4.3M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $546K – $947K |
| Industry (NAICS) | Direct Health and Medical Insurance Carriers (524114) |
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
- BankingLegacy 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
| Legacy Bank PPP 2020, PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $23K | 2 |
| 2/1/2021 | second | $25K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lee Norton Agency, Inc.
Lee Norton Agency, Inc. is a direct health and medical insurance carriers company in Hinton, Oklahoma, in business since 1996. Its estimated annual revenue is about $2.8M, with roughly $830K of EBITDA. It has about 5 employees. Its estimated business value is $3.2M (likely range $1.7M–$4.3M).
Common questions
- Who owns Lee Norton Agency, Inc.?
- The owner of Lee Norton Agency, 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 Lee Norton Agency, Inc. make?
- SeeBITDA estimates Lee Norton Agency, Inc.'s annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lee Norton Agency, Inc. worth?
- About $3.2M, roughly 3.8× its estimated EBITDA of $830K, typical for a direct health and medical insurance carriers company its size. Likely range: $1.7M–$4.3M.
- How many employees does Lee Norton Agency, Inc. have?
- About 5, from its 2025 retirement-plan filing.
- When was Lee Norton Agency, Inc. founded?
- Lee Norton Agency, Inc. has been in business since 1996.