SeeBITDAOklahoma

Rightway Insurance - Austin Slate

Insurance agencies
Company websiterightwayinsuranceok.comFind on LinkedInSearch LinkedIn for this company
Estimated valueLow confidence
$1.1M
$415Klikely range$1.7M
About 3.6× its yearly profit, typical for a company this size in its industry.
Revenue
$815K
a year
Profit (EBITDA)
$313K
38% of revenue
Employees
—
not reported
Leadership
Mike Prehm
Agent/Owner · source · confirmed by 2 sources
Unlikely to sell soon

How we got $1.1M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical insurance agencies business in Oklahoma$815K
Revenue$815K
× 38% profit margin$313K
× 3.6 sale multiple = value$1.1M

· Own this business? Correct these figures

What we know

No PPP loan
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Unlikely to sell soon

  • In business 18 years (since 2008)
  • Family in the business (Todd Prehm, Agent)

From public records and the company's website, not a statement that it's for sale.

What they do

Rightway Insurance is an independent insurance agency offering personal and commercial insurance coverages to clients in Oklahoma. It has a dedicated team for each client and offers quick online quotes.

Products & services
Auto InsuranceHomeowners InsuranceBoat & WatercraftMotorcycle InsuranceCondo InsuranceBusiness Owners Policy (BOP)Farm & RanchBondsCommercial AutoChurch InsuranceCommercial PropertyContractors
Markets served
PersonalBusinessCommercialOil / Gas OperatorsRestaurantTruck & TruckingChurch
Service area
EdmondOklahomaOklahoma CityMooreNormanTulsaBixbyLenexa, Kansas
Certifications
Licensed in Kansas, Missouri, Oklahoma and Texas

From the company's website. Industry: Insurance agencies.

Customers & suppliers

Suppliers & brands

  • Allstate · brand it sells or installs
  • BCBS · brand it sells or installs
  • CIGNA · brand it sells or installs
  • CNA · brand it sells or installs
  • Foremost · brand it sells or installs
  • Great American · brand it sells or installs
  • Hanover · brand it sells or installs
  • Hartford · brand it sells or installs
  • Humana · brand it sells or installs
  • Kemper · brand it sells or installs
  • Mercury · brand it sells or installs
  • MetLife · brand it sells or installs
  • Mutual of Omaha · brand it sells or installs
  • North American Company · brand it sells or installs
  • Principal · brand it sells or installs

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Restaurants
Trucking & freight

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Rightway Insurance - Austin Slate
this business
$815K$313K—
Ginny Freeman - Shelter Insurance
Moore
$815K$313K0.2 mi
Aaa Moore - Insurance/membership Only
Moore
$815K$313K0.2 mi
Shelter Insurance
Moore
$815K$313K0.2 mi
Moorestreet Financial Group
Moore
$815K$313K0.2 mi
CAVNAR INSURANCE AGENCY INC
Oklahoma City · 7 employees
$1.6M$476K0.2 mi
Terry Cavnar
Moore
$815K$313K0.2 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$1.1M
Multiple for this size and industry3.6×
Value range$415K – $1.7M

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 (38%). Treat these as a rough guide.

Revenue range$374K – $1.0M
EBITDA range$144K – $392K
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

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Rightway Insurance - Austin Slate

Rightway Insurance - Austin Slate is an insurance agencies company in Moore, Oklahoma, in business since 2008. It is owned by Mike Prehm (Agent/Owner). Its estimated annual revenue is about $815K, with roughly $313K of EBITDA. Its estimated business value is $1.1M (likely range $415K–$1.7M).

Common questions

Who owns Rightway Insurance - Austin Slate?
Rightway Insurance - Austin Slate is owned by Mike Prehm (Agent/Owner), according to public sources such as the company's website or filings.
How much revenue does Rightway Insurance - Austin Slate make?
SeeBITDA estimates Rightway Insurance - Austin Slate's annual revenue at about $815K (likely between $374K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Rightway Insurance - Austin Slate worth?
About $1.1M, roughly 3.6× its estimated EBITDA of $313K, typical for a insurance agencies company its size. Likely range: $415K–$1.7M.
When was Rightway Insurance - Austin Slate founded?
Rightway Insurance - Austin Slate has been in business since 2008.