Larry Potts - State Farm
- Larry PottsState Farm Insurance Agent · Company website
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 Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
State Farm insurance agent office in Norman, Oklahoma, led by Larry Potts, offering auto, home, life, renters, business, and pet insurance to the local community.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Larry Potts - State Farm this business | $806K | — |
| LARRY A POTTS INSURANCE AGENCY, INC. Norman · 6 employees | $1.3M | 0.0 mi |
| MANN & ASSOCIATES, INC. Norman · 1 employees | $141K | 0.1 mi |
| Farmer's Insurance Group Norman | $1.6M | 0.1 mi |
| JONATHAN QUINONEZ INSURANCE AGENCY LLC Norman · 8 employees | $1.7M | 0.3 mi |
| Farmers Insurance - Dustin Williams Norman | $806K | 0.4 mi |
| Weather Home Insurance Solutions Norman | $806K | 0.6 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 | $1.1M |
| 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
“I established my office in 1996 with a commitment to providing reliable insurance services and outstanding personal care, a goal my team and I uphold every day.”
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 Larry Potts - State Farm
Larry Potts - State Farm is an insurance agencies company in Norman, Oklahoma, in business since 1996. 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 Larry Potts - State Farm?
- The owner of Larry Potts - State Farm 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 Larry Potts - State Farm make?
- SeeBITDA estimates Larry Potts - State Farm'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 Larry Potts - State Farm 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 Larry Potts - State Farm founded?
- Larry Potts - State Farm has been in business since 1996.