noun
turnkey business; fully equipped; as-is with fixtures
Used in real estate and business transfer contexts, meaning a property or shop is sold or rented with existing equipment, furniture, and sometimes stock, ready to operate immediately.
この店舗は居抜きで貸し出されます。
This store is rented out fully equipped.
居抜き物件を探しています。
I'm looking for a turnkey property.
Refers to a bare-shell property with no interior fixtures, the opposite of 居抜き.
Compound of 居 (i, 'being present') + 抜き (nuki, 'removal'), literally 'without removing what is there', referring to taking over a space as-is.