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Sim-Plan-Pay, LLC

Third Party Administration of Insurance and Pension Funds · Amarillo, TX

Sim-Plan-Pay, LLC is a business in Amarillo, Texas, listed under third party administration of insurance and pension funds, with 1 to 4 staff, as recorded in 2020 to 2021. From 2023 to 2026, similar businesses sold for about $350K to $1.3M.

Public record

Industry
Third Party Administration of Insurance and Pension Funds (NAICS 524292, as reported by the business)
Location
Amarillo, Texas
Staff
1 to 4 people (as reported in 2020 to 2021)
Local rank
#40 of 55 businesses in Amarillo listed under agencies, brokerages, and other insurance related activities, by staff size (2020 to 2021)
Registration
Active (as of October 2026)
Formed
August 6, 2018
As of
2020 to 2021. Details may have changed since then.

What businesses like this sell for

Businesses in Agencies, Brokerages, and Other Insurance Related Activities with 1 to 4 staff, bought 2023 to 2026. Based on 156 purchases.

Loans used to buy them

$300K to $1.1M

Middle loan about $680K

Estimated purchase prices

$350K to $1.3M

Middle price about $790K

How we estimate the price: the records show the loan behind each purchase, not the price. Buyers usually borrow about 85% of the price, so we divide the loan by 0.85. The ranges show the middle half of purchases. This is not a valuation of Sim-Plan-Pay, LLC.

Financials of businesses like this

Average revenue

$660K

a year

Average payroll

$221K

33% of revenue

Average staff

1.8

people

US averages for third party administration of insurance and pension funds with fewer than 5 staff, 2022 (977 businesses). These are not Sim-Plan-Pay, LLC's own figures; its own revenue and profit are what a valuation needs.

Value Sim-Plan-Pay, LLC on Value Alpha

Buying, selling or advising on Sim-Plan-Pay, LLC? Add its revenue, profit and owner pay, or upload the statements, and get a valuation range with bear, base and bull cases, built from comparable companies and completed sales in its industry.

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Agencies, Brokerages, and Other Insurance Related Activities in Texas: the sale report

Sale ranges by staff size and how to value one, by email.

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Questions

How much is a business listed under agencies, brokerages, and other insurance related activities worth in Texas?
From 2023 to 2026, businesses listed under agencies, brokerages, and other insurance related activities with 1 to 4 staff sold for about $350K to $1.3M, with a middle price of about $790K, based on 156 purchases. A business's own value depends on its revenue, profit and owner pay.
How current is the information about Sim-Plan-Pay, LLC?
The industry and staff numbers were reported by the business in 2020 to 2021 and may have changed since then.
How can the owner of Sim-Plan-Pay, LLC get a valuation?
Claim the business, upload one document that shows its name, and add revenue, profit and owner pay. The valuation can start while the document is reviewed.

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