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
  • Art Work Royal Children
  • Finishes Royal Children
  • Floor Plan Royal Children
  • Furniture & Lighting
  • Mood Board Royal Children
  • Royal Children Toilets

Royal Children Nottingham

Striking, Historic Site

Refurbishment Planned! Steeped in history, Royal Children is one of the oldest pubs in Nottingham and benefits from a simply superb central location. This striking Tudor style building boasts many traditional features.

The planned refurbishment works will completely change the look and feel of this great site, in addition to opening up different income streams through the introduction of a craft and cask beers. The pub has a great reputation for sports and while there is considerable scope to build on this sports offer, a substantial opportunity exists with the introduction of a simple food menu.

Innovative Operator Wanted

Are you looking to expand your business portfolio? As the future vision for the site is to provide a simple food menu, catering experience and knowledge is desirable, along with the ability to demonstrate innovation and great business management.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the planned works will pay tribute to the historic past while modernising the décor, revitalising fixtures & fittings and introducing designated guest zones. There is a small kitchen with the potential to offer quirky and contemporary pub grub.

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 £
50,000
Estimated Annual FMOP (Licensee Profit) £
53,737
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
487,546
Estimated Annual Barrelage
313

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
28,070
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,800
Deposit Amount £
12,500
Rent In Advance £
962
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
50,632
Estimated Minimum Ingoing Costs £
17,434

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) £
Wet & Dry - from 6,108pa

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