Loftis & Wetzel - Penny Martin
How we got $1.1M
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 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Loftis & Wetzel Insurance is an independent insurance agency offering personal, business, and employee benefits insurance and risk management solutions to individuals, families, farms, and businesses in Oklahoma.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 57 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 39 mi · $30.7M
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 12 mi · $30.1M
- EXPRESS RANCHES INC · Yukon, 12 mi · $18.0M
- GREENSTOCK NURSERIES INC. · Edmond, 4 mi · $11.3M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Loftis & Wetzel - Penny Martin this business | $806K | — |
| Al M. Snipes Insurance Agency Inc. Edmond | $806K | 0.0 mi |
| Sterling Management, A Division Of Loftis & Wetzel Corporation Edmond | $806K | 0.0 mi |
| Insurance First, Llc Edmond | $806K | 0.0 mi |
| BRAD WILLIS INSURANCE AGENCY LLC Edmond · 3 employees | $711K | 0.0 mi |
| THE PROPERTY CENTER, LLC Edmond · 8 employees | $1.4M | 0.0 mi |
| TPC MECHANICAL, LLC Edmond · 2 employees | $425K | 0.0 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 industry | 3.6× |
| Value range | $411K – $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 | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| 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
History & advisors
“For more than 85 years, Loftis & Wetzel Insurance has offered insurance and risk management solutions to protect the assets of individuals, families, farms, and businesses.”
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Loftis & Wetzel - Penny Martin
Loftis & Wetzel - Penny Martin is an insurance agencies company in Edmond, Oklahoma, in business since 2002. Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns Loftis & Wetzel - Penny Martin?
- The owner of Loftis & Wetzel - Penny Martin 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 Loftis & Wetzel - Penny Martin make?
- SeeBITDA estimates Loftis & Wetzel - Penny Martin's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Loftis & Wetzel - Penny Martin worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was Loftis & Wetzel - Penny Martin founded?
- Loftis & Wetzel - Penny Martin has been in business since 2002.