What is a turnkey business?

A turnkey business is a business that is fully operational and ready to run without the need for the new owner to make any significant changes or investments. The term "turnkey" is derived from the idea that the business can be turned over to the new owner and immediately start generating income.

Turnkey businesses are often attractive to entrepreneurs who are looking for a low-risk way to start a new venture or expand their existing business. These businesses typically come with all the necessary equipment, inventory, staff, and systems in place, allowing the new owner to hit the ground running.

Some examples of turnkey businesses include franchise opportunities, online businesses, real estate investments, and e-commerce stores. These businesses can be a great option for individuals who want to start a business quickly and efficiently without having to go through the long and complex process of building a business from the ground up.

Overall, turnkey businesses offer a convenient and hassle-free way for entrepreneurs to enter a new market or industry and start making money right away.