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

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 proposed new design aims to enhance this beautiful venue, uncovering its historic features whilst giving it a fresh new look with a trendy rustic twist. The pub will receive a complete refurbishment, including a quirky faux shop front in the bar servery, that will serve fresh, homemade pies throughout the day. Once transformed, the pub will attract a younger demographic, as well as locals and visitors looking to enjoy a great craft and cask ale offer, as well as the simple delicious food.

City Centre Operator Apply Here

Are you looking to expand your business portfolio? The future vision for the Royal Children is to really enhance the existing building, creating a fantastic pub with original and stripped back features. The offer will attract both day time business people, shoppers and tourists as well as appealing to commuters and locals. The main offer will focus on great real ales with an extensive range of great gins and whiskies. A small food offer would be required to target more customers into the business for some quality local fare. The ideal candidate will need to demonstrate innovation and great business management.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

The bar servery will be fully refurbished to become a focal point in the room, with a distressed, rustic design. Works will include forming a new open pass within the backfitting to allow food to be served from the reconfigured kitchen. The trade area will be redecorated to provide a lively atmosphere for customers to enjoy a quality drink or bite to eat in. An attractive contrast of industrial and exposed finishes will add warmth and authenticity to the space. Works will include adding a variety of furniture, including long banquette and individual sharing tables, constructed from distressed timber and wrought metal.

Other internal works will include:
  • Introducing poseur height tables and stools to the area, perfect for casual occasions.
  • Adding an eclectic mix of seating to the space, including bar stools, barrel chairs and armchairs finished in a variety of dark paint and distressed leather.
  • Installing two new curved feature booths, upholstered in a deep leather button back design.
  • Removing most areas of fixed seating, creating a more versatile space.
  • Adding a new drinks shelf and screen to the AWP machine.
  • Retaining and polishing the existing timber and flagstone flooring.
  • Installing a new decorative feature wall in a vintage design, relating to the area's local history.

Externally, the works will include a new signage and lighting scheme. There is no car park. Our vision for outside facilities is that there will be a two tiered outdoor area. Currently there is no outdoor area at all and this is what we are creating including vision from street at ground level.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

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 £
36,000
Estimated Annual FMOP (Licensee Profit) £
38,501
Representative HEINEKEN UK Brand Discount Per Barrel £
160
Estimated Annual Turnover £
435,478
Estimated Annual Barrelage
275

“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 £
26,292
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
9,000
Rent In Advance £
692
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 £
42,519
Estimated Minimum Ingoing Costs £
16,227

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