Mike Thompson Insurance and Financial Services LLC
- Jack ThompsonMarketing Manager · Company website
- Justin BarduschOffice Manager · Company website
How we got $1.3M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
What they do
Mike Thompson is a State Farm insurance agent in Tulsa, Oklahoma, offering auto, home, renters, condo, boat, motorcycle, life and health insurance to customers in Tulsa and nearby areas.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MIKE THOMPSON INSURANCE AND FINANCIAL SERVICES LLC this business | $1.1M | — |
| STEPHEN MULDER Tulsa · 1 employees | $362K | 0.0 mi |
| Shelter Insurance - Doug Boeken Tulsa | $815K | 0.0 mi |
| HealthMarkets Insurance Tulsa | $815K | 0.1 mi |
| SCOGGINS INSURANCE LLC Tulsa · 3 employees | $623K | 0.1 mi |
| HealthMarkets Insurance - Terri Reagin Tulsa | $815K | 0.1 mi |
| C. Jeff Farquhar: Allstate Insurance Tulsa | $815K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $830K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $353K |
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 | $1.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $669K – $1.7M |
| Revenue range | $708K – $1.2M |
| EBITDA range | $232K – $403K |
| 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
- BankingFirst Oklahoma 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
| First Oklahoma Bank PPP 2020 | All 695 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 | $36K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mike Thompson Insurance and Financial Services LLC
Mike Thompson Insurance and Financial Services LLC is an insurance agencies company in Tulsa, Oklahoma, in business since 2012. Its estimated annual revenue is about $1.1M, with roughly $353K of EBITDA. It has about 4 employees. Its estimated business value is $1.3M (likely range $669K–$1.7M).
Common questions
- Who owns Mike Thompson Insurance and Financial Services LLC?
- The owner of Mike Thompson Insurance and Financial Services 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 Mike Thompson Insurance and Financial Services LLC make?
- SeeBITDA estimates Mike Thompson Insurance and Financial Services LLC's annual revenue at about $1.1M (likely between $708K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mike Thompson Insurance and Financial Services LLC worth?
- About $1.3M, roughly 3.6× its estimated EBITDA of $353K, typical for a insurance agencies company its size. Likely range: $669K–$1.7M.
- How many employees does Mike Thompson Insurance and Financial Services LLC have?
- About 4, as reported on its PPP loan.
- When was Mike Thompson Insurance and Financial Services LLC founded?
- Mike Thompson Insurance and Financial Services LLC has been in business since 2012.