Originally Posted by
LTNman
As they don’t own Southend but operate it as a franchise what are they actually selling that has any value?
I understand they have a long lease on the Airport, rather than operating it as a franchise. But I imagine the practicalities are similar. If it's a viable, profitable business then for the right price a purchaser may be interested in acquiring it. So it would have a tangible value as a going concern. If the business is perpetually loss making but there is no significant asset value then unless you can walk away from the lease I guess the best you can hope for is to pay someone to take it off your hands.....