Two examples of grammatically correct usages that follow this general pattern, and are famous and beloved in US popular culture:
"Be it ever so humble, there's no place like home." This line is from a famous poem by an little-known US poet. It is echoed in the 1939 movie, "The Wizard of Oz." At the end, Dorothy returns home through magic, by repeating the words "There's no place like home... there's no place like home... there's no place like home."
"There's no business like show business." This is the title, and a repeated line, in a famous song by Irving Berlin. However, it does contain the UNgrammatical line, "There's no people like show people." It should be "There're no people like show people"--but that would be too difficult to sing.