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Form of workJob Description
An established award-winning Restaurant Management Group poised for growth is seeking an skilled and experienced Vice President of Real Estate and Development position within a dynamic leadership group in the DFW Metroplex.
Essential Job Functions
- In this pivotal position, you will play a key role in overseeing the scope and Development process, ensuring the success of our expansion initiatives
- Conduct comprehensive site survey reviews and budget assessments
- Develop and manage project milestones and schedules
- Effectively handle permit management and bid qualifications
- Coordinate procurement activities and oversee project awarding
- Provide expert oversight in construction management and contract closeouts
- Work in conjunction with internal and external consultants throughout the process of the projects
- The Development Manager will also participate in ongoing strategic review of company Real Estate assets
- Prepares Market Development Plans by segmenting markets into smaller trade areas; and create a growth plan for each area that includes targeting parcels for new stores and competitive stores to acquire
- Works with financial models to qualify projects for lease or purchase
- Negotiates Purchase contracts with sellers and leases with Landlords
- Prepares Real Estate proposals and contracts for management approval
- Initiates and organizes Real Estate market tours for site selection and market reviews
- Compiles site ride presentations and market summaries
- Manage progress of due diligence activities, entitlement activities, beer and wine applications, escrow closings, etc
- Meet with government officials and attend public hearings
- Coordinate with architects, engineers, attorneys, and other consultants
- Work closely with internal management team to design projects
- Manage portfolio rationalization analysis – compiling valuation and timing strategies
- Ensure compliance with requirements, policies, and regulations
- Perform other duties as necessary
Qualifications
- Bachelor’s degree in Real Estate, Finance, or related field
- 5 to 7 years’ experience in Commercial Real Estate, Development, Finance or Corporate Real Estate Management with emphasis in the food service industries.
- Demonstrated ability to purchase and develop retail locations
- Working knowledge of broker networks, market valuations for real property and leasehold investments
- Familiarity with Microsoft Teams, SharePoint, Outlook, Word, and PowerPoint
- Self-motivated, self-directed individual with strong organizational skills required
- Requires some travel, including some overnight travel
- Proficiency in Word and Excel required
- Requires a driver’s license and a good driving record
Benefits
Salary: $165,000 - $180,000
Competitive salary commensurate with experience
Medical, dental, and vision insurance plans
Matching 401K contributions
Paid vacation and personal days
Generous dining discounts at company-owned restaurants
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