Interested in a business for sale in Corpus Christi? The area combines a large industrial base, a military presence, a university and a coastline that draws visitors throughout the year. We help you identify companies that fit your skills and capital, test the financials and move from offer to closing. Acquiring an existing operation means revenue, staff and vendor relationships are already in place on the first day. Read more about buying a business with DealPipe.
Due Diligence Points for Coastal Businesses
- Plant and port contracts: whether master service agreements can be assigned and how long the company has held approved vendor status.
- Weather risk: windstorm and flood coverage, premiums, and how past hurricanes or freezes affected revenue.
- Licenses and credentials: contractor registrations, TABC permits, food handler and health permits, and safety certifications that may be tied to the current owner.
- Equipment and vessels: condition of trucks, lifts, welding rigs or boats, and the cost of keeping them in service in salt air.
- Workforce: whether certified technicians and supervisors will remain after the change of ownership.
Financing and Closing
After the seller accepts your offer, your own CPA and legal counsel examine the statements, tax history, agreements and equipment. A combination of an SBA 7(a) loan and a seller-financed note is common for deals of this size. Because Texas can hold a purchaser liable for a seller’s state tax debts, request a Comptroller tax clearance letter as a condition of closing. We keep your lender, the seller and every advisor working toward the same date.
- Execute a nondisclosure agreement and receive the overview.
- Review the confidential memorandum and raise any questions.
- Visit the operation and meet the seller.
- Present a letter of intent covering price and structure.
- Close on financing and diligence, then assume ownership.
Corpus Christi photos: Quintin Soloviev, CC BY 4.0, via Wikimedia Commons; cropped and resized.
