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Business plan preparation fees vary based on the amount and
complexity of the work to be done. The minimum fee is $5,000.00 and can range upwards to
$15,000.00. After the scope of a project has been agreed to by both the entrepreneur and
ourselves, we determine a firm fee commitment. We require 50% of the fee at the beginning,
25% when the draft of the business plan is completed, and the remaining 25% when the final
business plan has been accepted. Business plans usually can be completed in 30 to 60 days.
If you would like to get an estimate of what the fee would be to prepare your business plan, here's a worksheet we use
as a guideline. Please keep in mind this is an estimate and the fee we determine can be
different than the fee you calculate. The total number of points determines the fee. Use
our Business Plan Preparation Fee Estimator to use this worksheet to calculate an estimate for how
much it would cost to prepare a business plan for you. Based on your selections, it will
calculate a total number of points for you. Then, use the Fee Estimation Range table below
to determine what your estimate is.
Factors Influencing the Fees Charged for Business Plan Preparation
and Their Associated Fee Points
1. Stage of Company
| Start-up |
4 points |
| Established
company seeking expansion capital |
6 points |
| Mature company
considering merger/acquisition |
8 points |
| Large company
using business plan as a management tool |
10 points |
2. Type of Capital Preferred
| Loan from a commercial
bank or SBA loan |
2 points |
| Loan from private
lender |
3 points |
| Venture Capital |
6 points |
| Private investor |
6 points |
| Acquisition Firm |
7 points |
3. Prior Planning Work Completed
| Business plan drafted
by client, just needs review and polishing |
2 points |
| Business plan has
been substantially completed by client |
4 points |
| Business plan has
been partially completed by client |
6 points |
| None of the
business plan has been completed |
10 points |
4. Scope of Company's Business
| One product or service |
2 points |
| Multi product or
several divisions |
7 points |
| Diversified
company with several divisions & broad product line |
11 points |
5. Market Analysis Required
| Client has complete
information on customers, market size and competitors |
2 points |
| Information not
completed by client, but readily available |
6 points |
| Information is
not available and must be completely researched |
11 points |
6. Client Availability
| Client is easily
available |
2 points |
| Client is usually
available |
3 points |
| Client is
difficult to reach |
6 points |
7. Completion of Financial Data
| No historical
financials to analyze, all projections drafted by client |
2 points |
| Basic Financials
provide by client need review and additions |
4 points |
| All financial
projections to be completed by consultant |
7 points |
| Substantial
financial history to be included and all projections done by consultant |
8 points |
| Historical data
must be recast by consultant (mergers/acquisitions) |
11 points |
8. Business
Complexity
(for Narrative Section of Business Plan)
| Company's operations
easily understood , little explanation required |
2 points |
| Company is in a
technical field which requires significant explanation |
6 points |
| Highly complex
business/project which requires substantial explanation |
11 points |
9. Client Planning/Business Experience
Level
| Client has written
business plans before |
2 points |
| Client has owned,
managed or financed other companies |
4 points |
| This project is
client's first entrepreneurial experience |
9 points |
10. Required Business Plan Completion
Time Frame
| Completed plan returned
to client in 55-60 days |
2 points |
| Completed plan
returned to client in 35-45 days |
5 points |
| Completed plan
returned to client in 25-30 days |
9 points |
The higher the point total, the more
difficult and time consuming the business plan will be, and therefore the fees will be
higher.
Business Plan
Preparation Fee Estimation Range:
| Fee Points Range
From: |
Fee Estimation
Ranges From: |
| 20 to 30 points |
$5,000 to $5,500 |
| 31 to 40 points |
$5,501 to $6,000 |
| 41 to 50 points |
$6,001 to $7,000 |
| 51 to 60 points |
$7,001 to $8,500 |
| 61 to 70 points |
$8,501 to $10,000
|
| 71 to 80 points |
$10,001 to
$12,000 |
| 81 to 90 points |
$12,001 to
$15,000 |
| 91 or more |
$15,001 or more |
Use our Business Plan Preparation Fee Estimator.
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