The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.
By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.
You also agree to receive further newsletter email marketing from What Franchise.
Close
What does the phrase ‘turnkey’ mean?
This is a term that is normally used in a premises-based franchise when the franchisor undertakes all the tasks required to locate, acquire, convert or develop, fit-out and stock a property in order for it to be ready for the franchisee to open up and start trading. The process is generally completed while the franchisee is undergoing training, at the end of which they are given the key to the premises and all they have to do is ‘turn’ it one morning, and off they go. The franchisor will charge a fee, on top of all the other upfront and training fees, for managing the ‘turnkey’ process. Having explained the term, it is worth pointing out that it is not a very common practice. More often, the franchisee is left to look for appropriate premises in the agreed area, based on a profile provided by the franchisor, and to then submit that property for approval. Once approved, the franchisor will then provide plans that should be used to do the conversion and fit-out, but the franchisee is left to find, manage and pay the various contractors to do the work, although some may be recommended or specified by the franchisor.
You might also be interested in
Answered by Vincent Anthony
Vincent Anthony writes: The property market has wide appeal because it is relevant to everyone: we all... read more
Answered by Louise Harris
Louise Harris writes: Richness or wealth is relative. We always want more, I guess. So, what is... read more
Answered by Shelley Nadler
Shelley Nadler writes: A concern that businesses may have when deciding to franchise their business, is the... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Exciting Franchise Opportunities
Start your own The Fruit and Veg Man franchise
Yes
Find Out More£150,000
Request Free Information
Send a free enquiry to The Fruit and Veg Man for further information!
Start your own Local Eats franchise
Yes
Find Out MoreIn excess of £70,000
Request Free Information
Send a free enquiry to Local Eats for further information!
Start your own Anytime Fitness franchise
Yes
Find Out MoreOperational breakeven in the first month...
Request Free Information
Send a free enquiry to Anytime Fitness for further information!
Start your own Mail Boxes Etc. franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Mail Boxes Etc. for further information!
Start your own Blossom Home Care franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Blossom Home Care for further information!
Companies to Consider
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
50 franchises with funding plans in 2024
Added one month ago | 2 min read
-
How URBAN went from hometown hero to national name
Added one day ago | 2 min read
-
Caremark tops 140 franchised locations
Added 4 days ago | 2 min read
Franchises by Minimum Investment
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
-
Under 10k
Starting a franchise doesn't have to be costly
Click here -
Under 20k
A mid-range investment for the more experienced
Click here -
Under 50k
If you have experience and more to invest
Click here -
Over 50k
If budget is not an issue, then don't miss these
Click here -
Local Franchises
Find the perfect franchise in a location to suit you
Click here
What Franchise Newsletter
Keep up to date with all the industry news