Ric Agency, LLC
How we got $3.1M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $2.2M |
| 2021 | Form 5500 | 9 | $1.6M |
| 2022 | Form 5500 | 10 | $1.8M |
| 2023 | Form 5500 | 8 | $1.4M |
| 2024 | Form 5500 | 9 | $1.6M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RIC AGENCY, LLC this business | $2.3M | — |
| The Rendel Agency Miami | $806K | 0.0 mi |
| Gallagher Insurance, Risk Management & Consulting Miami | $806K | 0.1 mi |
| Bomford Couch & Wilson Miami | $806K | 0.1 mi |
| NATE LONG AGENCY INC. Miami · 5 employees | $929K | 0.1 mi |
| Metlife Miami | $806K | 0.1 mi |
| Lisa LaFalier "Medicare Advisor" Miami | $806K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $684K |
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 | $3.1M |
| Multiple for this size and industry | 4.5× |
| Value range | $1.6M – $4.2M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $450K – $780K |
| 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
People & advisors
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $74K | 11 |
| 3/31/2021 | second | $85K | 12 |
About Ric Agency, LLC
Ric Agency, LLC is an insurance agencies company in Miami, Oklahoma. Its estimated annual revenue is about $2.3M, with roughly $684K of EBITDA. It has about 9 employees. Its estimated business value is $3.1M (likely range $1.6M–$4.2M).
Common questions
- Who owns Ric Agency, LLC?
- The owner of Ric Agency, LLC 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 Ric Agency, LLC make?
- SeeBITDA estimates Ric Agency, LLC's annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ric Agency, LLC worth?
- About $3.1M, roughly 4.5× its estimated EBITDA of $684K, typical for a insurance agencies company its size. Likely range: $1.6M–$4.2M.
- How many employees does Ric Agency, LLC have?
- About 9, from its 2024 retirement-plan filing.