Michael Corrales: Allstate Insurance
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 Unlikely to sell soon
- Changed hands recently (SBA-financed purchase, FY2021)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Michael Corrales: Allstate Insurance this business | $806K | — |
| Allstate Insurance Agent: Matthew Mounce Norman | $806K | 0.0 mi |
| MATHEW MOUNCE Norman · 6 employees | $1.3M | 0.0 mi |
| Wakefield Insurance Solutions Moore | $1.6M | 0.5 mi |
| SCOTT TABARES INSURANCE AGENCY INC Moore · 5 employees | $956K | 1.0 mi |
| SUMMIT INSURANCE SERVICES, LLC Moore · 1 employees | $371K | 1.6 mi |
| EMPLOYEE BENEFIT ADVISORS, INC. Norman · 18 employees | $2.9M | 1.7 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
People & advisors
Advisors
- BankingLegacy BankPPP / SBA lender
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 Roles are as stated there and may be out of date.
Banking relationships
| Legacy Bank 7(a) 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
Public records
| Oct 2020 | 7(a) | $244K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Michael Corrales: Allstate Insurance
Michael Corrales: Allstate Insurance is an insurance agencies company in Norman, Oklahoma. 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 Michael Corrales: Allstate Insurance?
- The owner of Michael Corrales: Allstate Insurance 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 Michael Corrales: Allstate Insurance make?
- SeeBITDA estimates Michael Corrales: Allstate Insurance'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 Michael Corrales: Allstate Insurance 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.