Morse Electric Inc.
How we got $2.1M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MORSE ELECTRIC INC. this business | $6.7M | — |
| Hollifield Service Company Muskogee | $2.0M | 1.9 mi |
| HOLLIEFIELD SERVICE COMPANY, LLC Muskogee · 11 employees | $2.7M | 2.0 mi |
| GROBER ELECTRIC Muskogee · 1 employees | $169K | 2.3 mi |
| HIX AIR CONDITIONING SERVICE LLC Muskogee · 18 employees | $6.5M | 2.4 mi |
| Ron-Co Rooter and Plumbing Muskogee | $1.9M | 2.4 mi |
| Roto-Rooter Plumbing Muskogee Muskogee | $1.9M | 2.5 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.6M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $707K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.9M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $465K – $806K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingArmstrong 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2020 | All 1,355 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 | $319K | 16 |
About Morse Electric Inc.
Morse Electric Inc. is an electricians company in Muskogee, Oklahoma. Its estimated annual revenue is about $6.7M, with roughly $707K of EBITDA. It has about 16 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.9M).
Common questions
- Who owns Morse Electric Inc.?
- The owner of Morse Electric 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 Morse Electric Inc. make?
- SeeBITDA estimates Morse Electric Inc.'s annual revenue at about $6.7M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morse Electric Inc. worth?
- About $2.1M, roughly 3× its estimated EBITDA of $707K, typical for a electricians company its size. Likely range: $1.1M–$2.9M.
- How many employees does Morse Electric Inc. have?
- About 16, as reported on its PPP loan.