Royal Children Nottingham

50A Castle Gate, Nottingham, NG1 7AT

  • Royal Children Nottingham
  • Royal Children Nottingham
  • Royal Children Nottingham
  • Royal Children Nottingham
  • Royal Children Nottingham
  • Royal Children Nottingham

Royal Children Nottingham

Striking, Historic Site

The Royal Children is located right in the centre of the thriving city of Nottingham. Many new businesses are flocking to the surrounding area, meaning passing footfall is high and will continue to grow. Located next to The Robin Hood Experience and Nottingham Castle, The Royal Children will also be able to attract visiting tourists looking for a historic local pub. Also nearby is a large residential area, offering the incoming licensee the opportunity to cater to a wide variety of customers both day and night.

The Royal Children is a historic pub with lots of character and striking exterior. The main offer at the pub is currently wet led with a focus on sports. There is the potential to introduce a basic food offer with classic pub food. There are also classic pub games such as pool which can be an additional source of income.

City Centre Operator Apply Here

Are you looking to expand your business portfolio? Would you love to run a city centre pub? The ideal candidate will need to demonstrate a solid understanding of the hospitality industry and great business management skills.

Pub Features

  • Business Start-Up Agreement
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

The interior of the Royal Children has a traditional aesthetic with exposed beam ceilings and hardwood and tiled flooring creating a familiar pub vibe. The pub has one main trading area with a large bar servery and separate areas for pub games.

Externally, the pub has a striking Tudor design that is bound to attract customers who are looking for a traditional and familiar pub.

Private Accommodation

The private accommodation at the Royal Children consists of three bedrooms, kitchen, lounge, bathroom and an office. In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

For full details, please refer to the Premises Licence.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 01:30 08:00 - 01:30 08:00 - 00:30

Financials

Annual Rent £
17,750
Estimated Annual FMOP (Licensee Profit) £
18,485
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
235,882
Estimated Annual Barrelage
239

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
341
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,526
Estimated Minimum Ingoing Costs £
11,664

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
722
Estimated Annual Maintenance Compliance Charge £
1,021
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased