Herrera Insurance Agency
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 2 | $411K |
| 2021 | Form 5500 | 1 | $206K |
| 2022 | Form 5500 | 2 | $411K |
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.
What we know
What they do
Herrera Insurance Agency Inc is an independent insurance agency based in Tulsa, Oklahoma, offering personal and business insurance with a focus on personalized service.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Herrera Insurance Agency this business | $815K | — |
| Burma & Henzel Ins Tulsa | $815K | 1.0 mi |
| Farmers Insurance - Justin Hancock Tulsa | $815K | 1.0 mi |
| EZ INSURANCE AGENCY INC. Tulsa · 4 employees | $1.2M | 1.1 mi |
| Espino Insurance – Sheridan Tulsa | $815K | 1.1 mi |
| ESPINO INUSRANCE AGENCY, INC. Tulsa · 7 employees | $1.3M | 1.1 mi |
| G M AGENCY INC. Tulsa · 17 employees | $4.9M | 1.2 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 industry | 3.6× |
| 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
History & advisors
“We are an independent insurance agency based in Tulsa, Oklahoma, with seven years of experience in the industry.”
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 Herrera Insurance Agency
Herrera Insurance Agency is an insurance agencies company in Tulsa, Oklahoma, in business since 2022. Its estimated annual revenue is about $815K, with roughly $313K of EBITDA. It has about 2 employees. Its estimated business value is $1.1M (likely range $415K–$1.7M).
Common questions
- Who owns Herrera Insurance Agency?
- The owner of Herrera 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 Herrera Insurance Agency make?
- SeeBITDA estimates Herrera Insurance Agency'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 Herrera Insurance Agency 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.
- How many employees does Herrera Insurance Agency have?
- About 2, from its 2022 retirement-plan filing.
- When was Herrera Insurance Agency founded?
- Herrera Insurance Agency has been in business since 2022.