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Real Estate Manager Jobs

Company

Tropical Smoothie Café, LLC
Address , Remote
Employment type
Salary
Expires 2023-06-09
Posted at 1 year ago
Job Description
SUMMARY OF RESPONSIBILITIES
As a contributing team member of the Real Estate Department, the Franchise Real Estate Manager (FREM) directs Tropical Smoothie Cafe’s real estate activities within their territory to achieve company and franchisee development objectives for new cafe openings and relocations. This role works closely with franchise sales team members, design & construction project managers, landlords and developers to ensure that all cafe locations are physically appropriate and can be built out to Tropical Smoothie Cafe standards. The FREM is responsible for establishing development strategies by market within a geographically assigned territory while interfacing with field operations representatives to ensure franchisees are ready to expand in the region. The FREM assists franchisees in site selection, letter of intent (LOI) negotiation, lease negotiation and provide education on leasing best practices. The FREM position is a quota driven position with a minimum of 40 fully executed leases per annum required.
ESSENTIAL FUNCTIONS
  • Completes a Lease Abstract following full execution of every lease.
  • Maintains a pipeline of real estate deals that is equal to 125% of Tropical Smoothie Cafe’s planned cafe opening requirements at the start of each fiscal year for the territory.
  • Coordinates document flow and projects accurate lease execution dates
  • Works closely with the field team to ensure site selection provides the opportunity for strong unit economics.
  • Educates and monitors franchisees approved real estate brokers and attorneys on Tropical Smoothie Cafe’s site selection criteria and the real estate process.
  • Achieves period, quarterly and annual lease execution goals to ensure company cafe opening plans can be met and proceed in a timely manner.
  • Tracks and manages development schedules to ensure lease execution dates and key benchmarks are met.
  • Works cross-functionally when necessary to assist in resolving permitting/licensing issues, identifying and resolving unanticipated issues that may arise during the permitting, construction and opening processes.
  • Manages the workflow and oversees the relationship of the territory’s network of approved real estate brokers.
  • Updates and reports data cross functionally on pending sites to ensure that site status is accurately represented.
  • Researches and analyzes existing and potential trade areas via demographic variables, activity generators, competition and space/site availability.
  • Utilizes necessary resources to resolve issues of potential impact in a geographic area.
  • Analyzes and recommends sites in a timely fashion using all available systems and information.
  • Works closely with other members of the Construction & Real Estate departments to manage comprehensive, strategic growth, and asset management strategy. Tracks and closely monitors real estate deal progression from site selection, LOI negotiation, Lease negotiation to fully executed lease.
REQUIRED EXPERIENCE
  • 3-5 years of experience managing in a franchise development environment, preferably in the QSR or fast-casual market.
  • 5-7 years of experience in Real Estate or a related field.
EDUCATIONAL REQUIREMENTS
  • Bachelor’s degree in Business Administration, Real Estate, or a related field
REQUIRED CERTIFICATES, KNOWLEDGE, OR LICENSES
  • Resourceful and organized with an appreciation and attention towards important details
  • Advanced knowledge of MS Office and MS Office Suite software
  • Excellent communication skills and proven ability to set manage agencies to a range of high-quality, on brand, creative work
  • Ability to understand and manage contractual arrangements
  • Strong project management and organizational skills with proven problem-solving abilities
  • Ability to work on tight deadlines in a fast-paced, team environment
  • Knowledge of real estate development feasibility studies and analyses
  • Ability to exude emotional intelligence
  • Self-starter; able to clarify ambiguity and create solutions
  • Ability to direct the tone and direction of all interactions with franchisees and vendors
  • Ability to work cross-functionally and build working relationships through collaboration, influence and negotiation to successfully accomplish a task
  • Must always demonstrate and practice the corporate values and behaviors and act in an ethical and lawful manner
  • Knowledge of real estate management principles and techniques
  • Knowledge of budgeting and fiscal management principles and procedures
WORKING CONDITIONS
  • 20% travel required
  • Must be comfortable working in a fast-paced, quota driven environment
SAFETY HAZARDS ON THE JOB
  • Minimal hazards. General office working conditions
BUDGETARY RESPONSIBILITY
  • This position has no direct budgetary responsibility. However, through the performance of its essential job duties, this position can impact company costs and revenue streams.