Michael Beeman Insurance Agency LLC
How we got $417K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
Michael Beeman is a Farmers Insurance agent in Oklahoma City, OK, providing personal and business insurance such as home, auto, business, life and umbrella coverage.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Farmers · brand it sells or installs
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 |
|---|---|---|
| MICHAEL BEEMAN INSURANCE AGENCY LLC this business | $362K | — |
| ROBBIE BENNETT ENTERPRISES, INC Oklahoma City · 7 employees | $1.7M | 0.0 mi |
| Fi Health And Life Oklahoma City | $806K | 0.1 mi |
| Shelter Insurance - Cory Chesnut Oklahoma City | $806K | 0.1 mi |
| MICHAEL SOHN INSURANCE AGENCY LLC Oklahoma City · 6 employees | $1.3M | 0.1 mi |
| RYAN WILLIAMS AGENCY LLC Oklahoma City · 4 employees | $920K | 0.1 mi |
| Inspire Insurance Oklahoma City | $806K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $415K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $242K |
| Estimate: the two combined (geometric mean) | $362K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $139K |
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 | $417K |
| Multiple for this size and industry | 3× |
| Value range | $220K – $571K |
| Revenue range | $238K – $412K |
| EBITDA range | $91K – $159K |
| 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
Leadership
- MBMichael BeemanFarmers Insurance Agent · Company website · source
Advisors
- BankingBOKF, 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
| 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 |
|---|---|---|---|
| 4/27/2020 | first | $8K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Michael Beeman Insurance Agency LLC
Michael Beeman Insurance Agency LLC is an insurance agencies company in Oklahoma City, Oklahoma, in business since 1996. Its estimated annual revenue is about $362K, with roughly $139K of EBITDA. It has about 2 employees. Its estimated business value is $417K (likely range $220K–$571K).
Common questions
- Who owns Michael Beeman Insurance Agency LLC?
- The owner of Michael Beeman Insurance Agency 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 Michael Beeman Insurance Agency LLC make?
- SeeBITDA estimates Michael Beeman Insurance Agency LLC's annual revenue at about $362K (likely between $238K and $412K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Michael Beeman Insurance Agency LLC worth?
- About $417K, roughly 3× its estimated EBITDA of $139K, typical for a insurance agencies company its size. Likely range: $220K–$571K.
- How many employees does Michael Beeman Insurance Agency LLC have?
- About 2, as reported on its PPP loan.
- When was Michael Beeman Insurance Agency LLC founded?
- Michael Beeman Insurance Agency LLC has been in business since 1996.