This is a confidential business plan for the acquisition of FirstRise, Inc., a dry cleaning company in Johns Creek and Alpharetta, Georgia. It is written for a lender or investor reviewing the proposed purchase by Corene Jackson through Kaizen Growth Holdings AGA, LLC.
This document is a confidential business plan for the acquisition of FirstRise, Inc., a dry cleaning company operating three locations in Johns Creek and Alpharetta, Georgia. It is prepared for a lender or investor evaluating the proposed purchase by Corene Jackson, who already owns a dry cleaning business in Baltimore, Maryland.
The plan opens with a personal letter from the buyer, Corene Jackson, explaining his 15 years of manufacturing experience and his rationale for the purchase. He emphasizes the loyalty of the customer base, the value of the attached cleaning plant, and his commitment to retaining all seven employees and the existing store names and hours.
The executive summary provides a financial snapshot, showing historical revenue growth from $744,125 in 2023 to $813,821 in 2025, with 2026 annualizing near $827,000. It outlines the proposed purchase price of $540,000, funded by an SBA 7(a) loan of $490,000, a seller note of $65,000, and buyer equity of $58,500, projecting a debt service coverage ratio of 1.34x in Year 1.
The ownership and structure section details the holding company, Kaizen Growth Acquisitions Inc., and its subsidiaries, including the acquiring entity Kaizen Growth Holdings AGA LLC and the Baltimore operation. It explains the asset purchase structure, the allocation of the purchase price to equipment and goodwill, and the absence of transferred liabilities.
The plan covers the market and industry overview, a SWOT analysis, and the marketing and sales strategy, which includes a 3% price increase, pursuit of commercial accounts, and a residential delivery route. It also details the management and transition plan, including the seller's training commitment and the hiring of an onsite general manager.
Finally, the financial plan and projections present a five-year forecast, with revenue growing from $880,000 in Year 1 to over $1.3 million by Year 5. The plan concludes with a continuity and exit plan and appendices, providing a complete picture for the lender's due diligence.