Michael Spence
How we got $150K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MICHAEL SPENCE this business | $500K | — |
| FAITH ELECTRIC INC. Edmond · 22 employees | $7.0M | 0.3 mi |
| INGRAM MECHANICAL, LLC Edmond · 3 employees | $833K | 0.9 mi |
| LIGHT PRO ELECTRIC, LLC Edmond · 4 employees | $1.1M | 0.9 mi |
| EXPERT MECHANICAL SERVICES LLC Edmond · 2 employees | $918K | 1.2 mi |
| GRAHAMS WATER WORKS LLC Edmond · 8 employees | $1.9M | 1.3 mi |
| CUSTOM INSTALLATIONS INC Edmond · 4 employees | $1.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $494K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $389K |
| Estimate: the two combined (geometric mean) | $500K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $75K |
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 | $150K |
| Multiple for this size and industry | 2× |
| Value range | $79K – $206K |
| Revenue range | $329K – $570K |
| EBITDA range | $49K – $86K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $13K | 2 |
About Michael Spence
Michael Spence is an electricians company in Edmond, Oklahoma. Its estimated annual revenue is about $500K, with roughly $75K of EBITDA. It has about 2 employees. Its estimated business value is $150K (likely range $79K–$206K).
Common questions
- Who owns Michael Spence?
- The owner of Michael Spence 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 Spence make?
- SeeBITDA estimates Michael Spence's annual revenue at about $500K (likely between $329K and $570K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Michael Spence worth?
- About $150K, roughly 2× its estimated EBITDA of $75K, typical for a electricians company its size. Likely range: $79K–$206K.
- How many employees does Michael Spence have?
- About 2, as reported on its PPP loan.