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The name 'turnkey' business is given to such businesses because the operations of the business start just by turning the key. In other words, to operate a turnkey business the buyer of the business can immediately start running the business. For example, if a business is sold as a Turnkey internet business then it will include all the tangibles and intangibles of the business like inventory, equipment, reputation and the goodwill of the company. Considering all of the features of the Turnkey internet business, we can regard a franchise business, a Turnkey internet business. It is not necessary that only the tangibles and intangibles are included in the Turnkey internet business because in the case of a franchising business, the owner also gets the unique design of the franchise building.

10/21/09 10

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