Entertainment & Recreation Businesses for Sale in Hawaii.
The booking calendar and equipment are easy to see, but the real value tends to live in customers who rebook year after year without any prompting and a trained team that runs the experience without the owner on-site.
Rejigg lists 1 entertainment & recreation businesses for sale in Hawaii.
Featured Entertainment & Recreation Businesses in Hawaii
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What to know about buying an entertainment & recreation business in Hawaii
Tourism and hospitality, construction, healthcare, retail and the services that supply the islands make up the market, and Honolulu holds most of the listings. Hawaii has a general excise tax that applies to nearly all business income, including services, in place of a sales tax; a buyer should treat it as a cost of revenue. Contractors are licensed by the Contractors License Board, and the responsible managing employee must be in place at closing. Shipping costs and lead times affect inventory and equipment decisions. SBA 7(a) lending runs through a few island banks, with the SBA district office in Honolulu. Honolulu is the active metro.
How entertainment & recreation businesses are valued
Asking prices are set as a multiple of earnings: 2x–7x annual profit, depending on repeat bookings, team, and year-round revenue.
Where you land in that range depends on whether customers rebook without you being involved, how much revenue holds up in the off-season, and whether your team runs things independently.
- Customers who rebook every year
- Trained staff with safety credentials
- A mix of public, corporate, and private bookings
- Revenue that doesn't disappear in winter
What buyers of entertainment & recreation businesses look for
- Operators in entertainment or hospitality looking to add a recreation concept
- First-time buyers with management backgrounds drawn to cash-flowing, customer-facing businesses
- Companies building a network of experience businesses across a region
- Operators in tourism, fitness, or events looking to expand into recreation
The first questions buyers ask:
- Financials. Can you walk me through the financials in a way that matches how this business actually runs (deposits, gift cards, seasonality, and refunds)?
- Safety & Claims. What’s your safety record, and how do you stay insurable at a price that doesn’t kill the deal?
- Permits & Lease. Which permits, permissions, concessions, or landlord terms control your ability to operate and expand?
Rejigg deals closed in Hawaii
Across 41 closed deals on Rejigg, the median time from first pitch to close is 174 days.
See all Rejigg deal dataDue diligence
What to Look For
Practical guidance from hundreds of real acquisition conversations.
Repeat Booking Rate
- Ask what percentage of customers rebook each year, broken down by type: individuals, corporate groups, youth leagues, and schools.
- Corporate and group accounts are especially worth understanding because they tend to book multiple times per year and are larger on average.
- High repeat rates in corporate and group segments are one of the clearest signals that the experience is genuinely delivering on its promise.
- Ask whether rebooks happen automatically through a loyalty program or system, or whether the owner has to personally follow up to close them.
Year-Round Revenue
- Ask for monthly financials going back at least two years so you can see how much revenue holds up in the slowest quarter.
- Businesses with indoor programming, private events, corporate bookings, or memberships to carry the off-season are more stable and easier to finance.
- A business where the worst quarter is still 80 percent of the best quarter is a very different story from one that goes quiet for three months.
- Ask what the owner has tried to fill slow periods and which approaches have actually worked.
Permits, Licenses, and Lease
- Ask for a complete list of operating permits, amusement licenses, liquor licenses, and safety certifications, along with renewal dates and transfer status.
- Some permits transfer automatically in a sale; others require a new application that can take weeks or months depending on the jurisdiction.
- Lease assignment language is equally important — the right of first refusal and transfer terms can affect whether and how fast you close.
Lead Staff and Safety Credentials
- Ask for a team roster with roles, tenure, and certifications for instructors, guides, and venue managers.
- Find out who handles training for new guides and whether that knowledge is documented or lives entirely with one person.
- A lead instructor with multi-year tenure who runs safety certification and guide training is one of the most valuable assets a recreation business can have.
Valuation
What Should You Expect to Pay?
2x-4x
SDE
High seasonality, owner-operated, single revenue stream
4x-7x
EBITDA
Year-round revenue, repeat bookings, experienced staff team
Repeat booking rate, how much revenue holds up in the off-season, and whether the staff team runs the experience independently are the main factors that separate recreation businesses at the high end from those at the low end.
What drives a premium
70%+ of groups and corporate customers rebook each year without the owner's involvement
Year-round revenue with off-season programming, private events, or memberships keeping income steady
Certified instructors and lead staff with multi-year tenure who run safety training and guide certification
Multiple revenue streams from the same location: public bookings, corporate groups, and private events
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Make your next conversation count
A listing starts the conversation. These tools help you check the fit, understand the financials, and decide what to ask next.
Prepare for the first owner call
Clarify what is for sale, who runs the business, and what the owner wants from a transition.
Prepare your buyer introductionCheck the numbers behind the asking price
Explore financing scenarios, debt payments, and the cash a business needs to keep operating.
Try the SBA loan calculatorTurn interest into a clear next step
Use the diligence checklist and LOI templates to organize requests and prepare a proposal.
Explore the deal templatesFind a business worth a closer look
Keep your industry and location in focus. Explore matching businesses or get new listings as they arrive.