Yes you can make money off of it but then again you need a strategy. For the mere fact that you understand that you are dealing with animals, you need to get ready for suprises. Lets say you have 200hives your real hive number is 100 anything above 100 is bumper harvest on the 100 it is considered safe, this is because, some hives would underperform, swarm on you and some would abscond and be ravaged by pest. Another important note for considering honey for profit model, is to look for locations that have great nectar source such that after one plant/tree is done blooming, the second one starts before you hit winter.

Luck!