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turnkey project |
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Turnkey Business A new company with a business model that has already been set. Most franchises operate in this way. For example, if one wishes to open a McDonald's franchise, everything from the products to the uniforms has already been determined. One merely needs to put up the appropriate capital and start the business. turnkey project Construction and furnishing of an improvement to the customized requirements and specifications of a buyer to the degree that the new owner need only turn the key in the lock and start business.The concept may include hiring and training all necessary staff positions,letting contracts for routine maintenance needs, and/or leasing a property up to stabilized occupancy. Contrast with built to suit. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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