Similar businesses sell at 1.3x to 4.1x SDE. Compare live listings and connect with sellers.
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Links 2 Legends is a New York C corporation operating out of 14 Wall Street in Manhattan. It was incorporated on July 11, 2021, and reports on a calendar-year, cash basis. The returns describe the business as golf event planning, and the owner, Burhan Ahmad, signs each return in the officer line. Returns were prepared by Financial Experts of America of Marietta, Georgia. On Schedule K the company reports that it is not part of an affiliated or controlled group, has no foreign ownership, paid no dividends in excess of earnings and profits, and files the 1099s its payments require. A word on what this report is and isn't. I reviewed three documents: the 2023, 2024, and 2025 federal corporate returns. I did not see financial statements, a general ledger, bank statements, client contracts, a customer list, payroll detail, or any state filings. I did not speak with management. So this is a calculation of value — a reasoned, information-limited estimate — and not a certified or "conclusion of value" appraisal under the AICPA or ASA standards. It is meant to orient you and to frame the questions worth asking, not to support a sale price, a tax position, a loan, or a court filing. For any of those you'll want a credentialed appraiser (ABV, ASA, or CVA) working from audited or reviewed financials. I'm also not acting as your financial or legal advisor here.
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PRICED at value of ASSETS! Multifaceted opportunity in very popular tourist area of Upstate New York! For the price of the assets alone you can own all of the following to grow and develop to your own individualized plan. Hospitality and Tourism Platform and Event Center with thousands of annual guests, name recognition and room to grow. Award winning distillery. Fully operating with still, tasting room, onsite sales, e-commerce and distribution. Over 30 acres in an extremely desirable tourism center. Scenic and offering opportunity in many strategic directions. Modern and robust infrastructure, designed to support a large operation. Perfectly laid out for lodging and additional hospitality opportunities. This multiple award winning Craft Distillery has everything you need run as a family enterprise or as a much larger, spirits operation. The distiller blender can be available for training or even longer term teamwork or partnership. Reach out to discuss current opportunities and if any plans you may have would be a good fit. Contact Jeff Bach at 314-941-8530 or email to [email protected] Ask about listing #516JB
National transaction benchmarks for entertainment and recreation business businesses.
Under $500K
$500K to $2M
Over $2M
A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.
Cofounder & CEO
Key diligence, valuation, financing, and transition considerations for buyers evaluating entertainment and recreation business acquisitions.
Courses, lanes, docks, and venues carry expensive, deferrable maintenance — a typical 18-hole course alone runs $400K–$900K a year in upkeep. Get the land and equipment assessed on their own.
Liquor, gaming, and entertainment licenses are often the most valuable and most fragile part of the deal and may not pass automatically.
Weather, tourism, and the economy swing this revenue hard; look at multiple years and the off-season carrying cost.
Memberships, slip rentals, and league play are durable; one-off events and bar nights are volatile. Price the recurring base differently.
Deferred course work, lane refurbishments, and dock repairs add up fast; budget the real plan, not the seller's.
Event pipelines, member rolls, and online reputation drive the calendar — know whether they survive a change of owner.
Answers to common buyer questions for this market.
