Nickles Insurance Agency LLC
How we got $647K
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
▲ 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.
Employees over time
▲ 150% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 2 | $358K |
| 2020 | Form 5500 | 2 | $358K |
| 2021 | Form 5500 | 3 | $538K |
| 2022 | Form 5500 | 3 | $538K |
| 2023 | Form 5500 | 3 | $538K |
| 2024 | Form 5500 | 5 | $896K |
| 2025 | Form 5500 | 5 | $896K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NICKLES INSURANCE AGENCY LLC this business | $561K | — |
| HOMEOWNERS INSURANCE AGENCY Tulsa · 5 employees | $1.3M | 0.0 mi |
| AAA Tulsa - South Memorial - Insurance/Membership Only Tulsa | $806K | 0.1 mi |
| AAA Insurance Tulsa | $806K | 0.3 mi |
| RICE BENEFITS & INVESTMENTS LLC Tulsa · 3 employees | $774K | 0.5 mi |
| Rosburg and Associates Custom Insurance Solutions Tulsa | $806K | 0.5 mi |
| Crystina Meyers, Bankers Life Agent Tulsa | $806K | 0.6 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) | $583K |
| Estimate: the two combined (geometric mean) | $561K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $216K |
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 | $647K |
| Multiple for this size and industry | 3× |
| Value range | $340K – $885K |
| Revenue range | $369K – $639K |
| EBITDA range | $142K – $246K |
| 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
- 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 |
|---|---|---|---|
| 4/11/2020 | first | $20K | 2 |
About Nickles Insurance Agency LLC
Nickles Insurance Agency LLC is an insurance agencies company in Tulsa, Oklahoma. Its estimated annual revenue is about $561K, with roughly $216K of EBITDA. It has about 5 employees. Its estimated business value is $647K (likely range $340K–$885K).
Common questions
- Who owns Nickles Insurance Agency LLC?
- The owner of Nickles 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 Nickles Insurance Agency LLC make?
- SeeBITDA estimates Nickles Insurance Agency LLC's annual revenue at about $561K (likely between $369K and $639K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nickles Insurance Agency LLC worth?
- About $647K, roughly 3× its estimated EBITDA of $216K, typical for a insurance agencies company its size. Likely range: $340K–$885K.
- How many employees does Nickles Insurance Agency LLC have?
- About 5, from its 2025 retirement-plan filing.