Patrick's Electric Inc
How we got $425K
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Patrick's Electric is an HVAC and electrical services business in Choctaw, OK, offering heating, air conditioning, electrical and refrigeration services for residential and commercial customers. It says it has over 20 years of experience and services and installs all makes and models of equipment.
From the company's website. Industry: Electricians.
Estimated value over time
▲ 22% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PATRICK'S ELECTRIC INC this business | $1.8M | — |
| GNC ELECTRICAL ENTERPRISES LLC Choctaw · 2 employees | $480K | 0.2 mi |
| GOFORTH PLUMBING & MECHANICAL LLC Choctaw · 73 employees | $31.8M | 1.3 mi |
| ALL GOOD PLUMBING INC Newalla · 2 employees | $475K | 1.7 mi |
| H&S MECHANICAL LLC Choctaw · 4 employees | $1.1M | 1.7 mi |
| ADVANCED QUALITY ELECTRIC, INC Newalla · 6 employees | $1.5M | 1.7 mi |
| MAJOR PLUMBING SEWER & DRAIN LLC Choctaw · 4 employees | $1.1M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $212K |
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 | $425K |
| Multiple for this size and industry | 2× |
| Value range | $223K – $581K |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $140K – $242K |
| 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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingFNB Community 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
| FNB Community Bank PPP 2020 | All 164 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $60K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Patrick's Electric Inc
Patrick's Electric Inc is an electricians company in Choctaw, Oklahoma, in business since 2012. Its estimated annual revenue is about $1.8M, with roughly $212K of EBITDA. It has about 7 employees. Its estimated business value is $425K (likely range $223K–$581K).
Common questions
- Who owns Patrick's Electric Inc?
- The owner of Patrick's Electric 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's Electric Inc make?
- SeeBITDA estimates Patrick's Electric Inc's annual revenue at about $1.8M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Patrick's Electric Inc worth?
- About $425K, roughly 2× its estimated EBITDA of $212K, typical for a electricians company its size. Likely range: $223K–$581K.
- How many employees does Patrick's Electric Inc have?
- About 7, as reported on its PPP loan.
- When was Patrick's Electric Inc founded?
- Patrick's Electric Inc has been in business since 2012.