Michael Garey Insurance Agency Inc.
- Madison WatsonOffice Manager · Company website
- Michael GareyState Farm Agent · Company website
- Melissa FrazierInsurance Account Representative · Company website
- Crystal HooverInsurance Account Representative · Company website
- Dayshonna JefferiesInsurance Account Representative · Company website
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
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
Michael Garey Insurance Agency is a State Farm agent office in Oklahoma City offering insurance and financial services to customers in Oklahoma and Texas.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · 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 GAREY INSURANCE AGENCY INC. this business | $1.2M | — |
| RICK GLASSER INSURANCE Oklahoma City · 2 employees | $522K | 0.2 mi |
| Big Star Insurance Oklahoma City | $806K | 0.2 mi |
| Multiquote Business Insurance Oklahoma City | $806K | 0.3 mi |
| NEHER INSURANCE AGENCY, INC. Oklahoma City · 3 employees | $484K | 0.4 mi |
| Ana Galaviz: Allstate Insurance Oklahoma City | $806K | 0.4 mi |
| BARRY G HALE INSURANCE AGENCY, INC. Oklahoma City · 5 employees | $1.0M | 0.5 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) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $403K |
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 | $764K – $2.0M |
| Revenue range | $809K – $1.4M |
| EBITDA range | $265K – $460K |
| 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
History & advisors
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $57K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Michael Garey Insurance Agency Inc.
Michael Garey Insurance Agency Inc. is an insurance agencies company in Oklahoma City, Oklahoma, in business since 2007. Its estimated annual revenue is about $1.2M, with roughly $403K of EBITDA. It has about 5 employees. Its estimated business value is $1.5M (likely range $764K–$2.0M).
Common questions
- Who owns Michael Garey Insurance Agency Inc.?
- The owner of Michael Garey Insurance 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 Michael Garey Insurance Agency Inc. make?
- SeeBITDA estimates Michael Garey Insurance Agency Inc.'s annual revenue at about $1.2M (likely between $809K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Michael Garey Insurance Agency Inc. worth?
- About $1.5M, roughly 3.6× its estimated EBITDA of $403K, typical for a insurance agencies company its size. Likely range: $764K–$2.0M.
- How many employees does Michael Garey Insurance Agency Inc. have?
- About 5, as reported on its PPP loan.
- When was Michael Garey Insurance Agency Inc. founded?
- Michael Garey Insurance Agency Inc. has been in business since 2007.