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The phrase "a profitable enterprise" is correct and usable in written English.
You can use it when referring to a business or venture that generates a significant profit.
Example: "Investing in renewable energy has proven to be a profitable enterprise for many companies in recent years."
Alternatives: "a lucrative business" or "a money-making venture."
Exact(55)
And the return to Formula One is predicated on it being run as a profitable enterprise.
Research was transformed from a parochial, monkish pursuit into a profitable enterprise.
But Mr. Kinsley said those robust numbers did not yield a profitable enterprise.
But how easy is it to turn a spare-time passion into a profitable enterprise?
Berkowitz said that however much Check-a-Child may grow in popularity it can never be a profitable enterprise.
He even thought that the Gulag could be run as a profitable enterprise, though it never was.
In three short years, he turned a stumbling outfit into a profitable enterprise that is the pride of its industry.
But whether that sense of purpose can be turned into a profitable enterprise is far from certain.
Similar(3)
Cattle farming, for instance, is a highly profitable enterprise.
Yet the Ricoh Arena is a hugely profitable enterprise for the council and Football Investors.
For example, the company said it was a highly profitable enterprise.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com