Raymond Smith
- Raymond SmithFarmers Insurance Agent · Company website
How we got $1.5M
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
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Raymond Smith is a local Farmers Insurance and Farmers Financial Solutions agent in Chandler, OK, helping customers identify insurance coverage for auto, home, renters, business and other needs.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Farmers Insurance · brand it sells or installs
- Farmers Financial Solutions · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RAYMOND SMITH this business | $1.2M | — |
| Tedford Insurance - Chandler Chandler | $4.1M | 0.2 mi |
| KML ENTERPRISES, LLC Chandler · 14 employees | $3.5M | 0.2 mi |
| Afr Mutual Insurance Company Chandler | $815K | 0.2 mi |
| Thompson's American Farmers Chandler | $815K | 0.2 mi |
| Chandler Insurance Managers Inc Chandler | $815K | 0.2 mi |
| Danker Insurance Chandler | $815K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $831K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $405K |
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 | $1.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $768K – $2.0M |
| Revenue range | $813K – $1.4M |
| EBITDA range | $267K – $462K |
| 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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $48K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Raymond Smith
Raymond Smith is an insurance agencies company in Chandler, Oklahoma, in business since 1996. Its estimated annual revenue is about $1.2M, with roughly $405K of EBITDA. It has about 4 employees. Its estimated business value is $1.5M (likely range $768K–$2.0M).
Common questions
- Who owns Raymond Smith?
- The owner of Raymond Smith 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 Raymond Smith make?
- SeeBITDA estimates Raymond Smith's annual revenue at about $1.2M (likely between $813K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Raymond Smith worth?
- About $1.5M, roughly 3.6× its estimated EBITDA of $405K, typical for a insurance agencies company its size. Likely range: $768K–$2.0M.
- How many employees does Raymond Smith have?
- About 4, as reported on its PPP loan.
- When was Raymond Smith founded?
- Raymond Smith has been in business since 1996.