PROS / This service includes design work in the cost of its plans.
CONS / The turnaround time is the longest of the 10 services on our lineup.
VERDICT / Capital West Advisors provides high-quality plans, but its costs can be high and the turnaround times are long.
Capital West Advisors is a Los Angeles-based business plan service that also has offices in Chicago and New York City. In addition to writing business plans for SBA loans, venture capital, angel investors and visa applications, Capital West offers strategic planning consulting.
As part of our review process, we evaluated the sample business plan offered by each service and compared it to a checklist of best practices. Capital West scored a 90 percent, which means you can expect the plan to include comprehensive market research, industry analysis, financial forecasting and competitive analysis. The plan we looked at failed to differentiate the subject's product from others in that industry, a critical area that others reviewing your plan will look for.
Capital West gets its market and industry analysis from a variety of sources, including IBISWorld, LexisNexis, Plunkett and ESI. Any plan you get from Capital West includes design work at no extra cost. Some services we reviewed charge extra and provide only a basic document. Having a business plan with eye-catching designs and layouts can help your plan stand out.
This service has one of the longest turnaround times of the companies we evaluated. It can take between two to six weeks for you to receive the first draft of your plan. This can vary depending on the type of plan and how complex it is. Those same factors also influence the cost of the plan. You will usually pay between $2,250 and $4,500 for a business plan.
After receiving your plan, Capital West offers an unlimited period of time for revisions. This is by far the best revision period of the services we reviewed. You can usually expect to receive revisions in about two weeks, significantly longer than other services.
If you have an existing plan and want an expert business plan writer to review it, Capital West offers this service. It usually takes around 20 hours for your plan to be reviewed, and the cost ranges between $750 to $1,250.
Capital West Advisors offers high-quality business plans, but it takes longer than other services and costs more. It has access to many research sources and, if you already have an existing business plan, can review it and provide feedback.