Tupelo Data Room

entertainment and recreation business for Sale in Texas

Similar businesses sell at 1.3x to 4.1x SDE. Compare live listings and connect with sellers.

Built-Out Kids' Spa Franchise, Boerne TX | 54% Below Buildout Cost photo
Spas
+1

Built-Out Kids' Spa Franchise, Boerne TX | 54% Below Buildout Cost

Boerne, TX, US

Asset sale of a fully built-out children's spa franchise on the I-10 corridor in Boerne, Texas, one of the fastest growing family markets in greater San Antonio. The 2,671 SF suite includes a dedicated appointment floor and a semi-private party room, fully equipped and ready to open. The concept serves girls ages 2 to 15. Mini manicures and pedicures, facials, makeup, hair styling, DIY lip gloss and sugar scrub stations, and birthday party packages. Current Status The location is not operating. It closed in June 2026 under remote ownership. The assets, franchise rights, and lease remain in place and transfer at closing. This is an asset sale, not an earnings multiple transaction. What It Costs to Build From Scratch Opening a comparable location new runs an estimated $220,000 to $330,000 before the first customer walks in, plus six to nine months of buildout and permitting with rent accruing and no revenue. That figure covers what the seller actually spent here. $122,651 in leasehold improvements, including contractor work, plumbing and drainage for pedicure stations, electrical, tile, custom theming, and interior and exterior signage. Another $18,990 in moveable FF&E, including pedicure benches and bowls, manicure tables, salon chairs, party furniture, DIY stations, electronics, and appliances. That is $141,641 in transferable assets. Add the franchise fee, pre-opening costs, training, and working capital to carry a new location through its ramp period, and the seller's all-in investment was $206,673. Asking price: $77,000. That is 54% of what the transferable assets cost to install, and roughly a quarter to a third of a new build, with the construction finished and the doors ready to open. Buildout and FF&E figures are the seller's actual invested capital, documented and available for review post-NDA. The new build range is an estimate, not an appraisal. The Opportunity The location ran four days a week under an absentee owner. An owner-operator running a full week, adding school groups, or activating daytime programming has room to grow with no additional buildout capital. What Transfers Full build-out of the 2,671 SF suite | All FF&E as described above | Active franchise agreement with brand, operations manual, franchisor training, and protected territory | Client database of 514 clients with documented repeat visits | Social media presence and local brand recognition Lease Expires February 28, 2029. Base rent $6,419 per month plus NNN of approximately $1,626 per month, mid-market for this corridor. Assignable with landlord consent. Franchise Buyer signs the franchisor's then-current franchise agreement. $10,000 transfer fee paid by buyer. Franchisor approval of the buyer required. Full terms disclosed post-NDA. Ideal buyer An owner-operator, ideally with a background in children's services, hospitality, or personal care. This is not a passive investment. Next step NDA required before business name, exact location, franchise brand, and financial detail are released. Contact AZUL Business Advisory. Qualified inquiries only.

$77,000Asking Price
$153,479Revenue
-Cash Flow

Market Snapshot

National transaction benchmarks for entertainment and recreation business businesses.

Under $500K

Median revenue$334k
Median cash flow$78k
Median sale price$150k
Multiple range1.3x - 2.8x

$500K to $2M

Median revenue$1.13m
Median cash flow$266k
Median sale price$783k
Multiple range2.6x - 4.1x

Over $2M

Median revenue$3.19m
Median cash flow$978k
Median sale price$2.81m
Multiple range2.8x - 3.7x

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.

What to know about entertainment and recreation business acquisitions

GW

By George Wellmer

Cofounder & CEO

Key diligence, valuation, financing, and transition considerations for buyers evaluating entertainment and recreation business acquisitions.

Appraise the real estate and capital condition separately from the operation

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.

Confirm the licenses and permits transfer

Liquor, gaming, and entertainment licenses are often the most valuable and most fragile part of the deal and may not pass automatically.

Review several seasons, not one

Weather, tourism, and the economy swing this revenue hard; look at multiple years and the off-season carrying cost.

Separate recurring revenue from event revenue

Memberships, slip rentals, and league play are durable; one-off events and bar nights are volatile. Price the recurring base differently.

Quantify the capital you'll need after close

Deferred course work, lane refurbishments, and dock repairs add up fast; budget the real plan, not the seller's.

Understand booking, membership, and reputation dependence

Event pipelines, member rolls, and online reputation drive the calendar — know whether they survive a change of owner.

Frequently Asked Questions

Answers to common buyer questions for this market.

Yes, but they're scrutinized for seasonality, real-estate value, and capital needs. Recurring memberships and well-kept facilities fund more easily than discretionary event nights.