PROS / This business plan service has the lowest costs of any we reviewed.
CONS / It doesn't connect you with potential investors.
VERDICT / If cost is your primary concern, Bargain Business Plan may be the best choice for you. However, its business plans rate lower than other services, and it doesn't offer any additional consulting services.
Bargain Business Plan is a business plan service based in Studio City, California. It writes business plans for business seeking venture capital and angel investors as well as companies applying for visas or SBA loans.
Our reviewers examined a sample plan posted by Bargain Business Plan and compared it with a checklist of best practices. We then assigned it a score with a maximum possible score of 100 percent. Bargain Business Plan received 75 percent, a score that shows the plan was missing a section highlighting the business's main competition or is lacking in some areas (a marketing plan light on details). The plan from Bargain Business Plan does contain market and industry research as well as financial forecasting.
Bargain Business Plan uses 15 sources for its market research: IBIS World, First Research, Hoover's and ESRI as well as other sources, such as the U.S. Census. Obtaining a report from even one of these sources on your own can cost several hundred dollars, so this is one of the benefits of choosing a business plan service to create a plan for you.
As its name might suggest, cost is the chief advantage of Bargain Business Plan. It has the lowest cost of all the services we reviewed. The most basic plan costs $599 and is tailored for SBA applications. The next plan is $899 and includes a more thorough market and industry analysis than the basic plan. The highest-level plan costs $1,299, which is still lower than what many other services charge, and is the most detailed plan available.
Unlike other services with variable costs dependent on the complexity and detail of the plan, Bargain Business Plan's costs are fixed, which is helpful if you have a budget you need to stick to.
Bargain Business Plan can also critique and touch up existing plans. The cost is around $200, and you can expect feedback in 24 hours. This service also offers some strategic-planning consulting.
Bargain Business Plan has the lowest costs of all the services we reviewed. You can pick from several options, depending on how in depth you want the plan to be. But our reviewers did find the plans to be lacking some important pieces.