tenancy
Yarnfield Lane, Yarnfield, Stone, Staffordshire ST15 0NJ, UK
Approx. Total Ingoings
£12,500Annual Rent
£5,000The Labour in Vain is a large and prominent pub situated just off the A34 between Stafford and Newcastle in the village of Yarnfield. The pub is a traditional village local serving residents commuting to Stafford, Stoke, Cannock and Birmingham. The trading area comprises a bar, lounge and separate restaurant with approximately 60 covers with a fully equipped trade kitchen to support a full menu. The Labour in Vain benefits from an enclosed grassed beer garden to the rear and a compact patio to the side and front. We are now looking to offer a flexible deal to the right publican who has the ambition and vision to realise the full potential of this opportunity.
Private Accommodation: The private quarters is in good decorative condition, comprising three bedrooms and a lounge.
Upon entering the property, there are three separate trading areas, with a lounge, a bar and a restaurant, all serviced by a central bar servery, and all traditionally decorated. The restaurant is set out in a formal style and caters for approximately 50 covers. The bar is a traditional local’s pub with a television, team games and a great range of drinks, with seating for around 24 guests. The lounge is laid out for dining or drinking and has around 60 covers. Depending on the layout, you can arrange the area into a lounge/dining area with about 24 covers and a raised area as a restaurant area with about 50 covers. A good sized and well-equipped trade kitchen can support a full traditional menu.
To the rear of the building is an enclosed beer garden which is laid to lawn, and to the front and side is a compact patio. Car parking for 40 vehicles is available to the side and rear of the pub.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Live Sports Restaurant/Food
Approx. Total Ingoings
£12,500
Annual Rent
£5,000
Partnership Terms
Introductory Rent: £5,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND H
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £20,000.00 per annum.
The proposed agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up: £12,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £5,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated fixtures & fitting value: £18,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value: £27,500
Commercial Lease (Free of Tie) option
Option on this property to negotiate a lease that’s free of tie for 10 or 20 years.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
