Red's Electric
How we got $1.2M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Red's Electric is a family-owned electrical contractor serving homes and businesses in Southern and Central Oklahoma, offering wiring, panel replacement, remodeling, generator installation, and home electrical upgrades.
From the company's website. Industry: Electricians.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Red's Electric this business | $4.2M | — |
| Cumberland Greenhouse and Homestead Madill | $4.2M | 0.6 mi |
| Kingston Liquor Kingston | $3.0M | 5.2 mi |
| Tyler Motors Mead | $22.7M | 5.5 mi |
| Lewis Floor Covering Mead | $4.2M | 5.5 mi |
| Kingston One Stop Kingston | $3.0M | 5.5 mi |
| Chevron Mead | $5.2M | 5.6 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 | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $375K – $2.1M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Electrical Contractors and Other Wiring Installation Contractors businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (12%). Treat these as a rough guide.
| Revenue range | $1.6M – $6.0M |
| EBITDA range | $195K – $716K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
“As a family-owned business, our roots run deep in providing trustworthy and efficient solutions from Lone Grove to Durant, OK.”
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 Roles are as stated there and may be out of date.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 Red's Electric
Red's Electric is a family-owned electricians company in Madill, Oklahoma, in business since 2024. Its estimated annual revenue is about $4.2M, with roughly $498K of EBITDA. Its estimated business value is $1.2M (likely range $375K–$2.1M).
Common questions
- Who owns Red's Electric?
- The owner of Red's Electric 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 Red's Electric make?
- SeeBITDA estimates Red's Electric's annual revenue at about $4.2M (likely between $1.6M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Red's Electric worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $498K, typical for a electricians company its size. Likely range: $375K–$2.1M.
- When was Red's Electric founded?
- Red's Electric has been in business since 2024.