Bates Insurance Group Llc
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 Some signs of a sale
- In business 33 years (since 1993)
From public records and the company's website, not a statement that it's for sale.
What they do
Bates Insurance Group LLC is an insurance agency serving businesses and individuals in Oklahoma and Kansas since 1993, offering one-on-one counseling to find suitable insurance.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Bates Insurance Group Llc this business | $1.6M | — |
| Kasidi Hardy- Farmers Insurance Agent Ponca City | $806K | 0.1 mi |
| Shelter Insurance - Thomas Henley Ponca City | $806K | 0.5 mi |
| Chase DeFilippo Oklahoma Farm Bureau Ponca City | $806K | 0.5 mi |
| TYSON JACKSON AGENCY INC. Ponca City · 1 employees | $258K | 0.5 mi |
| Farmers Insurance - Erin Ohara Ponca City | $806K | 0.6 mi |
| Health Insurance Source Ponca City | $806K | 0.9 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
“Since 1993 Bates Insurance Group has been serving businesses and individuals residing in Oklahoma and Kansas.”
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.
2 locations
| 400 Fairview Ave | Ponca City | This listing |
| 3004 Turner St | Ponca City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bates Insurance Group Llc
Bates Insurance Group Llc is an insurance agencies company in Ponca City, Oklahoma, in business since 1993. Its estimated annual revenue is about $1.6M, with roughly $529K of EBITDA. Its estimated business value is $2.4M (likely range $876K–$3.6M). It has 2 locations.
Common questions
- Who owns Bates Insurance Group Llc?
- The owner of Bates Insurance Group 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 Bates Insurance Group Llc make?
- SeeBITDA estimates Bates Insurance Group Llc'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 Bates Insurance Group Llc worth?
- About $2.4M, roughly 4.5× its estimated EBITDA of $529K, typical for a insurance agencies company its size. Likely range: $876K–$3.6M.
- When was Bates Insurance Group Llc founded?
- Bates Insurance Group Llc has been in business since 1993.