What is....

[Tiamat]

A turn key operation as it pertains to business?

A business is for sale and states that it is a turn key operation, what does that mean? And how would you go about getting credit for a business say for $250,000 and credit may be a bit of an issue but job stability isn't.

[snoopy369]

Turn Key Operation generally means you don't have to know much to run it - just walk in, turn the key on (metaphorically), and go. Also generally means you don't have to provide any additional things (like machinery or whatnot).

The phrase Turn Key Operation (TKO) is often used, however, in scams, as a synonym for "easy money", so beware...

[BlackCat]

That you are getting screwed when the key are turned


* BC ducks and run away admitting that it was pretty lame

[Tiamat]

Sounds like it could possibly be but it's in a sweeper company magazine which is what we are looking at possibly purchasing since it's his trade. One company says it is a turn key and has 4 employees. Wouldn't you assume that they would go with the sale of the company?

[Tiamat]

Originally posted by BlackCat

* BC ducks and run away admitting that it was pretty lame

[snoopy369]

An established company is probably safer than one of those "Easy Money" start-your-own businesses. However, I'd see if you could talk to the employees and/or others in their marketplace just to make sure the company is a good one and not a nearly-bankrupt impossible situation, or something else like that, just to be sure

[Tiamat]

Quite right Good point. Now we are trying to look into financing. We found something called Bizloan that says within 90-120 days for only $199 it can get you the Business credit you need seperate from your personal credit. Now would this be a scam? Can you really do that?