State Farm Insurance
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Jake Witt is a State Farm agent in Sebastian, Florida, offering auto, home, life, business and other insurance and financial services to residents of Sebastian, Fellsmere, Vero Beach, Palm Bay and surrounding Florida areas.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Farm Insurance this business | $806K | — |
| Fuqua & LeBlanc Insurance Agency Edmond | $806K | 0.0 mi |
| GREG HALL AGENCY INC Edmond · 4 employees | $982K | 0.0 mi |
| J Bentley Insurance Edmond | $806K | 0.3 mi |
| CHANEY & CO., LLC Edmond · 1 employees | $345K | 1.0 mi |
| WHITE INSURANCE AGENCY INC Edmond · 3 employees | $736K | 1.0 mi |
| LEE DANIELLS & ASSOCIATES, INC. Edmond · 2 employees | $484K | 1.0 mi |
The full calculation
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 | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About State Farm Insurance
State Farm Insurance is an insurance agencies company in Edmond, Oklahoma, in business since 2017. Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns State Farm Insurance?
- The owner of State Farm Insurance 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 State Farm Insurance make?
- SeeBITDA estimates State Farm Insurance's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is State Farm Insurance worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was State Farm Insurance founded?
- State Farm Insurance has been in business since 2017.