4-year degree preferred, but relevant experience may substitute
Strong leadership background in corporate and franchise real estate
Experience in strategic market planning and execution
Skilled in recruiting and developing high-performing teams
Excellent communication skills for presentations and stakeholder interactions
Track record of achieving annual restaurant opening goals
Acute negotiation skills and understanding of development finance
Responsibilities
Lead and manage a team of real estate professionals to ensure sufficient site pipeline for new restaurant projects
Oversee approval processes for new and renewed leases ensuring organizational goals are met
Engage with stakeholders to optimize market development effectively
Mentor team members on best practices in site selection and negotiations
Develop and refine strategic market plans to drive optimal new store openings
Advise franchisees on growth strategies and site selection processes
Communicate project status effectively to corporate and franchise teams
Manage budgeting and financial planning for the QSR Real Estate team
Benefits
Comprehensive health insurance package
Retirement savings plan
Career development programs
Performance bonuses based on company metrics
Generous paid time off policy
Full Job Description
Director of Real Estate
As the Director of Real Estate, you will deliver holistic long term strategic market, asset management and development plans for integrated franchise and company development to maximize profitable growth. Lead the real estate team to accomplish development goals for company and franchise development in accordance with annual and long-term operating plans. Implement the strategic plan for the site selection approval process and lease and contract negotiation for profitable new restaurants.
Responsibilities:
Provide leadership to a high performing team of real estate professionals to ensure that new restaurant site pipeline is sufficient to provide approved sites to achieve combined corporate and franchise new restaurant opening goals.
Provide leadership and guidance related to the approval of new restaurants and lease renewals. Ensure that company development is effective and meeting goals, that leases are negotiated within guidelines for all key provisions, and/or adherence to any purchase agreement through to deal completion. Ensure that the team completes deals with any approval contingencies and/or business points fully delivered, or variances reported and approved.
Provide leadership and communicate with key stakeholders in the development process to ensure most effective development of markets.
Coach and train on site tours, site selection, negotiations, lease renewals, closures, asset management and franchisee support to ensure best practices and continual improvement of performance.
Create and lead process improvements resulting in effective strategic market plans for optimum new store development for both company and franchisee development. Ensure plans are regularly reviewed, adapted, and improved.
Counsel and influence franchisees on new restaurant growth and site selection. Create, review, continually adapt and improve screening for franchisee site package submittals and forward to relevant Operations and then on to Chief Development Officer for final approval.
Provide leadership and communications for corporate and franchisee development including leading the team in providing real estate site and trade area surveys supporting new unit openings. Confirm and update status through various resources including conference calls, meetings, etc. to ensure that timelines are met for all projects.
Lead real estate company and franchise budgeting and planning. Primary deliverables include new store planning G&A expense budget and key input for capital planning
Formulate and manage G&A cost center specific to the QSR Real Estate team.
Education Qualifications:
4-year degree in similar field of study preferred
Direct experience can be considered in lieu of degree
Required Knowledge, Skills or Abilities:
Proven management and leadership experience within a corporate and franchise real estate environment, including new restaurant growth and asset management.
Proven strategic market analysis and market plan implementation
Ability to recruit and retain professional team of deal makers
Ability to interface and maintain excellent professional relationships with a variety including to include franchise partners, internal construction and real-estate function, internal and external, legal counsel and various other departments
Excellent oral and written communication skills to include formal presentation development and delivery to up to and including a Board.
Proven history of successfully achieving store/unit corporate and franchise annual opening plans
