Watkins Insurance Agency LLC
How we got $1.5M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Watkins Insurance Agency LLC offers insurance, bonds, and benefits, with a marine insurance offering listed on its site.
From the company's website. Industry: Insurance agencies.
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
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $1.6M |
| 2020 | Form 5500 | 8 | $1.4M |
| 2021 | Form 5500 | 6 | $1.1M |
| 2022 | Form 5500 | 6 | $1.1M |
| 2023 | Form 5500 | 9 | $1.6M |
| 2024 | Form 5500 | 9 | $1.6M |
| 2025 | Form 5500 | 6 | $1.1M |
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 |
|---|---|---|
| WATKINS INSURANCE AGENCY LLC this business | $1.4M | — |
| VOYAGER INSURANCE SERVICES INC. Ardmore · 16 employees | $3.9M | 0.0 mi |
| Tim Longest Insurance Inc Ardmore | $806K | 0.3 mi |
| Wendall Ritchey - State Farm Insurance Agent Ardmore | $806K | 0.4 mi |
| Riggs & Associates Ardmore | $806K | 0.4 mi |
| BARRY L BOWKER INC Ardmore · 3 employees | $745K | 0.5 mi |
| Rackley Insurance - AFR Ardmore | $806K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 9 |
| 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) | $1.0M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $430K |
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 | $815K – $2.1M |
| Revenue range | $953K – $1.7M |
| EBITDA range | $283K – $490K |
| 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
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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
| First National Bank and Trust Company of Ardmore PPP 2020 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $44K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Watkins Insurance Agency LLC
Watkins Insurance Agency LLC is an insurance agencies company in Ardmore, Oklahoma, in business since 2020. Its estimated annual revenue is about $1.4M, with roughly $430K of EBITDA. It has about 6 employees. Its estimated business value is $1.5M (likely range $815K–$2.1M).
Common questions
- Who owns Watkins Insurance Agency LLC?
- The owner of Watkins Insurance 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 Watkins Insurance Agency LLC make?
- SeeBITDA estimates Watkins Insurance Agency LLC's annual revenue at about $1.4M (likely between $953K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Watkins Insurance Agency LLC worth?
- About $1.5M, roughly 3.6× its estimated EBITDA of $430K, typical for a insurance agencies company its size. Likely range: $815K–$2.1M.
- How many employees does Watkins Insurance Agency LLC have?
- About 6, from its 2025 retirement-plan filing.
- When was Watkins Insurance Agency LLC founded?
- Watkins Insurance Agency LLC has been in business since 2020.