Phil Hughes Electric, Inc.
How we got $370K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| PHIL HUGHES ELECTRIC, INC. this business | $1.4M | — |
| Thomco Electric Llc Cleveland | $1.8M | 0.5 mi |
| GARCIA ELECTRIC, INC. Cleveland · 4 employees | $1.3M | 2.6 mi |
| 1st Call Electric Sand Springs | $1.8M | 5.1 mi |
| COUNTRY BOYS PLUMBING LLC Sand Springs · 6 employees | $1.6M | 6.0 mi |
| ELECTRICAL ALLIANCE LLC Sand Springs · 81 employees | $39.4M | 6.1 mi |
| MCBRIDE ESCO L.L.C. Mannford · 2 employees | $640K | 6.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $185K |
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 | $370K |
| Multiple for this size and industry | 2× |
| Value range | $195K – $507K |
| Revenue range | $950K – $1.6M |
| EBITDA range | $122K – $211K |
| 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
- BankingBlue Sky 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 Roles are as stated there and may be out of date.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
| Blue Sky Bank PPP 2020 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $53K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Phil Hughes Electric, Inc.
Phil Hughes Electric, Inc. is an electricians company in Cleveland, Oklahoma, in business since 2005. Its estimated annual revenue is about $1.4M, with roughly $185K of EBITDA. It has about 5 employees. Its estimated business value is $370K (likely range $195K–$507K).
Common questions
- Who owns Phil Hughes Electric, Inc.?
- The owner of Phil Hughes 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 Phil Hughes Electric, Inc. make?
- SeeBITDA estimates Phil Hughes Electric, Inc.'s annual revenue at about $1.4M (likely between $950K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Phil Hughes Electric, Inc. worth?
- About $370K, roughly 2× its estimated EBITDA of $185K, typical for a electricians company its size. Likely range: $195K–$507K.
- How many employees does Phil Hughes Electric, Inc. have?
- About 5, as reported on its PPP loan.
- When was Phil Hughes Electric, Inc. founded?
- Phil Hughes Electric, Inc. has been in business since 2005.