Patrick Merrick Insurance Agency, Inc.
How we got $1.2M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PATRICK MERRICK INSURANCE AGENCY, INC. this business | $1.0M | — |
| Jeff Blood Insurance Agency Oklahoma City | $815K | 0.0 mi |
| Shelter Insurance - Sofia Hernandez Oklahoma City | $815K | 0.1 mi |
| Bradley Cummins Insurance Agency Inc Oklahoma City | $815K | 0.2 mi |
| Guide One Insurance Oklahoma City | $1.6M | 0.2 mi |
| Andrew Heath Beachum - 1601 SW 89th St Oklahoma City | $815K | 0.2 mi |
| Goosehead Insurance - Mickey Dollens Agency Oklahoma City | $1.6M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $830K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $973K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $336K |
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 | 3.6× |
| Value range | $637K – $1.7M |
| Revenue range | $674K – $1.2M |
| EBITDA range | $221K – $383K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingBank 7PPP / 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 Roles are as stated there and may be out of date.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
| Bank 7 PPP 2020 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $33K | 4 |
About Patrick Merrick Insurance Agency, Inc.
Patrick Merrick Insurance Agency, Inc. is an insurance agencies company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $1.0M, with roughly $336K of EBITDA. It has about 4 employees. Its estimated business value is $1.2M (likely range $637K–$1.7M).
Common questions
- Who owns Patrick Merrick Insurance Agency, Inc.?
- The owner of Patrick Merrick Insurance Agency, Inc. 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 Patrick Merrick Insurance Agency, Inc. make?
- SeeBITDA estimates Patrick Merrick Insurance Agency, Inc.'s annual revenue at about $1.0M (likely between $674K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Patrick Merrick Insurance Agency, Inc. worth?
- About $1.2M, roughly 3.6× its estimated EBITDA of $336K, typical for a insurance agencies company its size. Likely range: $637K–$1.7M.
- How many employees does Patrick Merrick Insurance Agency, Inc. have?
- About 4, as reported on its PPP loan.