Hargis Electric, Inc
How we got $156K
Based on its 2 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 |
|---|---|---|
| HARGIS ELECTRIC, INC this business | $519K | — |
| A1R TEK LLC Elk City | $1.8M | 0.3 mi |
| De-Mac Heat & Air Elk City | $1.8M | 0.5 mi |
| MARTIN'S AIR CONDITIONING INC Elk City · 3 employees | $1.2M | 0.9 mi |
| MARTINS AIR CONDITIONING Elk City · 4 employees | $1.3M | 0.9 mi |
| CULVER ELECTRIC, LLC Elk City · 50 employees | $17.6M | 1.0 mi |
| SMITH MECHANICAL, L.L.C. Elk City · 5 employees | $1.2M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $494K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $420K |
| Estimate: the two combined (geometric mean) | $519K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $78K |
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 | $156K |
| Multiple for this size and industry | 2× |
| Value range | $82K – $214K |
| Revenue range | $342K – $592K |
| EBITDA range | $51K – $89K |
| 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
- BankingGreat Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $14K | 2 |
About Hargis Electric, Inc
Hargis Electric, Inc is an electricians company in Elk City, Oklahoma. Its estimated annual revenue is about $519K, with roughly $78K of EBITDA. It has about 2 employees. Its estimated business value is $156K (likely range $82K–$214K).
Common questions
- Who owns Hargis Electric, Inc?
- The owner of Hargis 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 Hargis Electric, Inc make?
- SeeBITDA estimates Hargis Electric, Inc's annual revenue at about $519K (likely between $342K and $592K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hargis Electric, Inc worth?
- About $156K, roughly 2× its estimated EBITDA of $78K, typical for a electricians company its size. Likely range: $82K–$214K.
- How many employees does Hargis Electric, Inc have?
- About 2, as reported on its PPP loan.