what does turnkey mean in a business sense?

A turnkey operation is a business that is completely set up. The buyer need only enter the door and start oprating the business. There are absolutely no required tasks that must be done before sarting to conduct the business. (e.g. getting mandatory permits or hiring cleaning staff etc.)

Dan.

If some one wants to start a new Industry, the process takes a long time. From drawing board to switching on the machinery to start production. Many Industries do not have much time and man power to do all these things. Hence they approach a professional group to get every thing done, on their behalf, for a mutually agreed cost. They enter in to an agreement, which mentions all terms and conditions along with the time to complete the project. Then the contractor takes over, the responsibility of implementing the project. Immediately after compilation of project, he hands over the keys of new unit. Now Industrialist can start the production. This outsourcing is called "turn key" .

What Does Turnkey Mean

Turnkey Operation

It means everything is already up and running -- all you need to do is step in and take over.

a turnkey business is one that you set your own time and hours pretty much, what you make depends on the amount of time you put into it. you are the boss.