Race Communications Inc
How we got $738K
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| RACE COMMUNICATIONS INC this business | $2.6M | — |
| McCoy Electrical Solutions Norman | $1.8M | 1.6 mi |
| Statewide Heating, Air Conditioning and Refrigeration LLC Noble | $1.8M | 1.8 mi |
| INTERCEPT LIGHTNING PROTECTION LLC Noble · 4 employees | $2.4M | 2.5 mi |
| Reliable Septic Services Norman | $1.8M | 6.0 mi |
| AC SERVICE PLUS LLC Norman · 5 employees | $781K | 6.1 mi |
| ALEXANDER ENTERPRISES INC. Norman · 1 employees | $358K | 6.3 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $307K |
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 | $738K |
| Multiple for this size and industry | 2.4× |
| Value range | $388K – $1.0M |
| Revenue range | $1.7M – $3.0M |
| EBITDA range | $202K – $350K |
| 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
History & advisors
Advisors
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 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 | $73K | 10 |
| 1/20/2021 | second | $85K | 11 |
2 locations
| 3520 Hensley Drive | Norman | This listing |
| 805 Jet Dr | Midwest City | View |
Revenue, profit and value are for the whole company.
About Race Communications Inc
Race Communications Inc is an electricians company in Norman, Oklahoma. Its estimated annual revenue is about $2.6M, with roughly $307K of EBITDA. It has about 11 employees. Its estimated business value is $738K (likely range $388K–$1.0M). It has 2 locations.
Common questions
- Who owns Race Communications Inc?
- The owner of Race Communications 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 Race Communications Inc make?
- SeeBITDA estimates Race Communications Inc's annual revenue at about $2.6M (likely between $1.7M and $3.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Race Communications Inc worth?
- About $738K, roughly 2.4× its estimated EBITDA of $307K, typical for a electricians company its size. Likely range: $388K–$1.0M.
- How many employees does Race Communications Inc have?
- About 11, as reported on its PPP loan.