BUSINESS FOR SALE - On Behalf of FRP Advisory Project Dragonfly

John Pye Red Line Spacing

Project Dragonfly is a leading discount retailer operating from a number of outlets across the Midlands and the North of England as well as an online operation.

Business Opportunity

Project Dragonfly is a leading discount retailer operating from a number of outlets across the Midlands and the North of England as well as an online operation.

Company Overview

  • Project Dragonfly has a long history and has been operating since 1979. Today, the company operates as a discount retailer from several stores in the UK as well as via its website.
  • It sells a range of goods across a number of categories including home, garden, pet care, household, DIY, food and drink, cleaning, electrical and seasonal products
  • The company operates a membership shipping club model which is free to join and has more than 500,000 active members. The database contains valuable information including sales history, statistics, and contact details.
  • All stores are leasehold and have available parking and range in size from c.40,000ft2 to c.90,000ft2
  • The company was badly impacted by Covid-19 and was mothballed with staff being placed in furlough for much of the pandemic. All c.500 staff have since been made redundant.
  • we are seeking offers for the assets which include any fixed assets, goodwill, domain names, associated IPR, and stock.

Financial Information

Process & Timescale

  • FRP are inviting best and final offers by 5pm on Wednesday 11th August, although we reserve the right to vary this timetable.

Contact Information

If you would like further information on this opportunity please contact us using the below details.

You will be required to agree to a Non-Disclosure Agreement in order to receive access to a data room and further information about the sale process.

Trevor Palethorpe | Associate Director & Joint Head of Business & Property

Important notice: This document is intended for the exclusive use of the potential purchasers and their advisers to which it is being presented, and is provided on the express understanding that the information contained herein will be regarded and treated as strictly confidential. This document is sent to you relying upon your acknowledgment and acceptance that it is exempt from the general restriction in s21 of the Financial Services and Markets Act 2000 relating to the communication of invitations or inducements to engage in investment activity, by virtue of the fact that it relates to a transaction or potential transaction that falls within Article 62 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. Reliance on this document for the purpose of engaging in any investment activity may expose an individual to significant risk of losing their investment. If you are in any doubt as to what action you should take you should consult your financial adviser or another authorised person specialising in investments of the kind in question. This document may not be reproduced or used, in whole or in part for any other purpose, nor furnished to any persons other than those to whom copies have been sent by FRP Advisory Trading Limited. By accepting this document you agree to be bound by the foregoing limitations. The purpose of this document is to assist the recipient in assessing whether this opportunity is one that may be of interest as a potential acquisition and to decide whether to receive further information. It is not intended to form the basis of an investment decision and does not constitute a detailed review of the business. The recipient must carry out their own independent investigation and rely on their own assessment of the business. We recommend that independent professional advice is sought by the recipient. The information in this document has been provided by the company directors and has not been verified by FRP Advisory Trading Limited, which does not give nor have any authority to give any representation or warranty (express or implied) as to its accuracy or completeness and all such liability is expressly disclaimed. This document is governed by and shall be construed in accordance with English Law
This information which does not purport to be comprehensive has been provided by our client and has not been independently verified. No representation or warranty, express or implied, is or will be given by our client, its directors, employees or advisors, or any other person as to the accuracy or completeness of this information and so far as permitted by law.