REAL ESTATE INCLUDED
Bartlett, TN
Cedar Hall is a distinctive historic Southern estate offering a rare combination of real estate, an established wedding and event business, lodging, food and beverage operations, and multiple...
Entertainment and Recreation Businesses For Sale in Tennessee
Market Info
Historic Southern Estate, Wedding Venue and B&B
14
Own a Smoky Mountain Waterfall Roadside Attraction!
Asset Sale
Sevierville, TN
Own the only commercial waterfall in the Smoky Mountains! The property is the former site of the Cascades Lodge built in 1936. The old rock walls, chimney, and parts of the creek fed swimming pool...
22
Turn-Key Bar & Grill For Sale Near KY Lake, TN - Real Estate Included
Real Estate Only
Springville, TN
Now is your chance to own a fully operational and recently updated Bar & Grill / Nightclub just minutes from Kentucky Lake and Paris Landing! This well-established 4340 sq. ft. venue offers a complete...
18
Event & Wedding Venue w Real Estate, Profitable, w Future Bookings
Sumner County, TN
Imagine owning a stunning wedding venue just outside of Nashville - one of the hottest destination wedding markets in the country. This isn't just any venue; it's a turnkey operation where you'll step...
Cash Flow: $267,000
Nashville Entertainment Venue
REAL ESTATE INCLUDED
Nashville, TN
Rare opportunity to acquire an established, multi-faceted Nashville entertainment business with multiple revenue streams, valuable assets, and significant room for growth. The building itself is a...
6
Profitable Custom Framing & Art Gallery in Prime Location
Williamson County, TN
Established custom framing and art gallery serving the greater Nashville/Brentwood/Franklin area, this a turnkey, owner-operated business known for high-quality craftsmanship, conservation-grade...
EBITDA: $85,615
Profitable Rage Room & Axe Throwing Business
Tennessee
Unique entertainment venue opportunity located in Middle Tennessee featuring a combination of interactive activities, food service, and drinks under one roof. Established in 2022, this business has...
Cash Flow: $75,460
Restored 1800's Event and Wedding Venue In Beautiful East Tennessee
REAL ESTATE INCLUDED
Limestone, TN
HISTORIC WEDDING & EVENT VENUE - ESTABLISHED 2013 This turnkey wedding and event venue features a beautifully restored early-1800s grist mill situated on scenic creek-side property in East Tennessee....
6
Event Rental Business — Portable LED Mini Golf & Inflatables
Kingsport, TN
Mobile mini golf and inflatables business. Can be operated by one person. Growth with someone who can excel in social media. Low expenses, can be run from home. Easy to run, automated administration...
3
Cash Flow: $19,500
Turnkey Paint and Sip Studio *Profitable*
Germantown, TN
Thriving, profitable, turnkey Paint & Sip studio in Germantown, TN with loyal customer base and brand recognition. Everything in place to start generating revenue from day one. Go-to destination for...
6
i9 Sports
Franchise
Available in Tennessee
i9 Sports® is the nation’s first and largest youth sports league franchise opportunity, designed to be as fulfilling as it is impactful. We put fun, inclusion, and safety at the heart of everything we do - creating a model that truly resonates with today’s families and gives kids what they need most from sports.
Avg. Unit Revenue: $514,066
Iconic Nashville Prop House – Inventory Included!
Nashville, TN
Rare opportunity to acquire Nashville’s premier specialty prop rental company. The business provides props for film, television, music and entertainment production industries. The company offers an...
Cash Flow: $137,692
Turnkey Escape Room Business For Sale– 4 Operating Locations Included
Chattanooga, TN
This is an opportunity to acquire a proven, multi-location experiential entertainment business with all four operating locations included in the sale, spanning two paired metro markets: Atlanta,...
Cash Flow: $311,443
Paint & Sip Hotspot Huge Value! 15+ Years in Operation
Columbia, TN
Near-Absentee Game Room - Chattanooga Area
Hamilton County, TN
Fun & Enjoyable Unique Charter Boat Business that everyone LOVES
Gallatin, TN
Mike Costello
Costello Capital Management, LLC
Serving Hamilton County, TN
Mike Costello, our managing member, has consulted several business owners relating to the successful sale of their ownership interests. A recent example occurred in August 2021, prior to his retirement from Elliott Davis, when he was retained as a consultant with respect to the sale of a middle market company located in the Tennessee Valley. In this case, he provided assistance to the company’s owner and management team, resulting in the successful sale to a strategic buyer (a public company in the industry) in December, 2021 for $58 million. In July, 2022, he received a request from another Tennessee Valley middle market company to perform business broker services. These events motivated Costello to serve as a business broker. As a result, he retired from Elliott Davis and formed Costello Capital Management, LLC (“CCM”) in October, 2022. CCM is already actively engaged with other regional clients exploring the sale of their businesses. CCM is uniquely qualified to determine the best approach for marketing a business entity for sale. This could include going to: -private equity groups (financial buyers), -industry members (as mentioned above), or -the local market (including networking with CPAs, bankers, attorneys or known potential buyers), depending upon the size of the business. Costello’s experience and in-depth knowledge of business transactions is beneficial at every stage of a business transaction: determining the optimal sales process, establishing an appropriate sales price, negotiating to realize the targeted sales price and then managing the transaction to a successful closing.
Contact me
Immersive Entertainment Experience Business
Sevier County, TN
Bed & Breakfast / Boutique Inn Tullahoma, TN
REAL ESTATE INCLUDED
Tullahoma, TN
Event Center, Winery, Vineyard 1hr to Nashville!
REAL ESTATE INCLUDED
Hampshire, TN
Proven Music Marketing Agency with SOPs and Lean Model
Davidson County, TN
Newly Renovated Bed and Breakfast for sale.
Pulaski, TN
SafeSplash Swim School
Franchise
Available Nationwide
Industry-Leading Outdoor Adventure Resort
REAL ESTATE INCLUDED
Tennessee
Successful Paddleboard Rental Company with Growth Potential
Hamilton County, TN
Hands On Owner of a Fun Tourist Driven Bachelorette Ready Dance Studio
Nashville, TN
Knoxville Turnkey Bounce House & Inflatable Rental Business for Sale
Knox County, TN
Event, Wedding & Corp. Venue Business-Highly Successful & Ready
Tennessee
Unique rv Airbnb business in southeast tn
Tennessee
Thriving Music Venue, Bar & Event Space
Memphis, TN
Downtown Bowling & Bar | $208K Cash Flow | Real Estate
Bristol, TN
Wedding & Event venue
REAL ESTATE INCLUDED
Murfreesboro, TN
Profitable & Proven Family Attraction
Shelby County, TN
Water Wings Swim School
Franchise
Available in Tennessee
Marina and more! Decaturville TN
Decatur County, TN
Endless options! Turn Key outdoor Retreat southwest of Nashville
Wayne County, TN
Multiple Event Venues wReal Estate-Middle TN-Highly Successful-TurnKey
REAL ESTATE INCLUDED
Tennessee
Turn Key Event Venue just outside Murfreesboro TN
REAL ESTATE INCLUDED
Rutherford County, TN
High-Cash Flow Family Attraction
Shelby County, TN
iSmash
Franchise
Available Nationwide
Unique BBQ Boat Rental Business for Sale – Lebanon, TN
Asset Sale
Lebanon, TN
Buy or Sell an Entertainment and Recreation Business in Tennessee
Entertainment and recreation businesses listed for sale on BizBuySell span a diverse set of consumer facing businesses built around leisure, experiences, and social activity, including bars and lounges, family entertainment centers, indoor playgrounds, sports and fitness venues, golf courses, gaming and VR lounges, event and wedding venues, tour and adventure operators, and creative studios. The business models are primarily experience based and location driven, generating revenue through admissions, hourly play or participation fees, food and beverage sales, private events and parties, memberships, leagues, or facility rentals.
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 14 |
| Asking Price | $742,000 |
| Reported Revenue | $466,381 |
| Reported Seller's Discretionary Earnings | $219,003 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $182,500 | $742,000 | $848,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Entertainment and Recreation Businesses for sale in Tennessee.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $216,770 | $105,052 |
| Median | $466,381 | $219,003 |
| Upper Quartile | $1,160,052 | $300,332 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Entertainment and Recreation Businesses listed for sale in Tennessee.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.74 | 2.41 |
| Median | 1.03 | 3.18 |
| Upper Quartile | 1.74 | 5.06 |
FAQ's
How much does it cost to buy an Entertainment and Recreation Business in Tennessee?
The median asking price for an established Entertainment and Recreation Business in Tennessee is $742,000, though prices range from under $182,500 to well over $848,000.
How much do Entertainment and Recreation Businesses owners in Tennessee earn?
The median reported revenue of Entertainment and Recreation Businesses in Tennessee is $466,381 and owners earn a median of $219,003, which includes the owners salary and any other financial benefits they receive.
How do I value an Entertainment and Recreation Business?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Entertainment and Recreation Businesses in Tennessee, revenue multiples range from 0.74 to 1.74, with a median of 1.03. Earning multiples range from 2.41 to 5.06, with the median at 3.18. This means the typical Entertainment and Recreation Business in Tennessee may ask for around 1.03 times its annual revenue, and 3.18 times its annual owner earnings.
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