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.
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 Alan Wilkinson
Alan Wilkinson writes: It’s quite common for two friends to go into business together and the mechanism... read more
Answered by John Pratt
John Pratt writes: There’s a view that if a franchise works in a franchisor’s home country, it... read more
Answered by Louise Harris
Louise Harris writes: Start your research ahead of your attendance. Make the show guide your key resource... read more
Answered by Louise Harris
Louise Harris writes: There are several types of assistance for funding a franchise if you need to... read more
Exciting Franchise Opportunities
Companies to Consider
60% bank funding, subject to status
£22,000 - £25,000 per week
High street banks
Yes, via high street banks
Available upon request
Bark Busters Dog Training
£70,000-plus per annum
Part funding available
School is Easy
Assists in securing third party funding
Just Shutters Business
£50,000 – £100,000 profit
Third party sources
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years ago | 2 min read
Added one day ago | 2 min read
Added 2 days ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news