Harms Insurance Agency
How we got $2.4M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Harms Insurance Agency this business | $1.6M | — |
| ED BERRONG INSURANCE AGENCY, INC. Weatherford · 16 employees | $4.2M | 0.4 mi |
| MAGILL INSURANCE AGENCY INC Weatherford · 10 employees | $2.6M | 0.5 mi |
| CROP MANAGEMENT SOLUTIONS LLC Weatherford · 1 employees | $407K | 0.6 mi |
| DEBBIE SHEPHERD INSURANCE AGENCY, INC. Weatherford · 4 employees | $1.1M | 0.7 mi |
| State Farm Weatherford | $806K | 0.7 mi |
| JACKIE DICKERSON, LLC Weatherford · 2 employees | $415K | 0.7 mi |
The full calculation
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 | $2.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $876K – $3.6M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (33%). Treat these as a rough guide.
| Revenue range | $742K – $2.0M |
| EBITDA range | $243K – $660K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Advisors
- BankingLive Oak Banking CompanyPPP / 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 Roles are as stated there and may be out of date.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
| Live Oak Banking Company 7(a) 2022 | All 75 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
2 locations
| 1100 E Main St Ste 300 | Weatherford | This listing |
| 222 E Maple Ave Ste 200 | Enid | View |
Revenue, profit and value are for the whole company.
Public records
| Jan 2022 | 7(a) | $650K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Harms Insurance Agency
Harms Insurance Agency is an insurance agencies company in Weatherford, Oklahoma, in business since 2010. Its estimated annual revenue is about $1.6M, with roughly $528K of EBITDA. Its estimated business value is $2.4M (likely range $876K–$3.6M). It has 2 locations.
Common questions
- Who owns Harms Insurance Agency?
- The owner of Harms Insurance Agency 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 Harms Insurance Agency make?
- SeeBITDA estimates Harms Insurance Agency's annual revenue at about $1.6M (likely between $742K and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Harms Insurance Agency worth?
- About $2.4M, roughly 4.5× its estimated EBITDA of $528K, typical for a insurance agencies company its size. Likely range: $876K–$3.6M.
- When was Harms Insurance Agency founded?
- Harms Insurance Agency has been in business since 2010.