State Farm
How we got $568K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale High sell likelihood
- In business 53 years (since 1973)
- Founder still runs it after 53 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Dennis Chaumont State Farm Agency is a State Farm insurance agency in Edmond, OK that offers insurance coverage for personal, commercial and business needs, plus financial service options.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Farm this business | $493K | — |
| Hannah Nickell - State Farm Insurance Agent Edmond | $634K | 0.0 mi |
| Shawn Reeves Allstate Insurance Edmond | $493K | 0.1 mi |
| Kenneth Blevins - 1015 Waterwood Pkwy Edmond | $493K | 0.6 mi |
| The Hermes Insurance Group Llc Edmond | $493K | 0.6 mi |
| Goosehead Insurance - Jarrad Mcmillan The Mcmillan Agency Edmond | $493K | 0.6 mi |
| Knights of Columbus Insurance - Pierce Agency Edmond | $493K | 0.6 mi |
The full calculation
| Estimated value = EBITDA × typical sale multiple | $568K |
| Multiple for this size and industry | 3× |
| Value range | $262K – $1.1M |
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 | $283K – $769K |
| EBITDA range | $109K – $296K |
| 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
Leadership
- CGCarson GullettCustomer Service Representative · Company website · source
- LHLisa HuntCustomer Service Representative · Company website · source
- GMGayle Mackenzie-MorainCustomer Service Representative · Company website · source
- EMErika McBrideCustomer Service Representative · Company website · source
- MMMarigrace MontgomeryCustomer Service Representative · Company website · source
- COColby OusleyCustomer Service Representative · Company website · source
- DRDonna RoukatBusiness Insurance Representative · Company website · source
- TJToni JamesTeam Member · Company website · source
- BSBrandi ShawOffice Associate · Company website · source
- TWTiffany WardAgent's Executive Assistant · Company website · source
- BWBrittany WeemsInsurance Account Representative · Company website · source
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 State Farm
State Farm is an insurance agencies company in Edmond, Oklahoma, in business since 1973. It is owned by Dennis Chaumont (Founder). Its estimated annual revenue is about $493K, with roughly $189K of EBITDA. Its estimated business value is $568K (likely range $262K–$1.1M).
Common questions
- Who owns State Farm?
- State Farm is owned by Dennis Chaumont (Founder), according to public sources such as the company's website or filings.
- How much revenue does State Farm make?
- SeeBITDA estimates State Farm's annual revenue at about $493K (likely between $283K and $769K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is State Farm worth?
- About $568K, roughly 3× its estimated EBITDA of $189K, typical for a insurance agencies company its size. Likely range: $262K–$1.1M.
- When was State Farm founded?
- State Farm has been in business since 1973.
- Is State Farm for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 53 years (since 1973); founder still runs it after 53 years; no family successor named on its website.