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Tropical Smoothie Cafe · 5 days ago

Sr. Manager, Real Estate

United States

Full-time

Hybrid

Senior Level

5+ years exp

Tropical Smoothie Cafe is seeking a Sr. Manager of Real Estate to lead their real estate activities within a designated territory. This role is responsible for overseeing site selection, lease negotiations, and development strategies to facilitate new cafe openings and relocations while ensuring compliance with company standards.

Food and BeverageFranchiseRestaurants

Responsibilities

Tracks and manages development schedules to ensure lease execution dates and key benchmarks are met

Maintains a pipeline of real estate deals that is equal to 125% of Tropical Smoothie Cafe’s planned store opening requirements at the start of each fiscal year for the territory

Researches and analyzes existing and potential trade areas via demographic variables, pedestrian counts, activity generators, competition and space/site availability

Analyzes and recommends sites; completes site data reports in a timely fashion using all available systems and information

Updates and reports data cross functionally on pending sites to ensure that site status is accurately represented

Manages the workflow and oversees the relationship of the territory’s network of Tropical Smoothie Cafe approved real estate brokers employed by franchisees

Coordinates document flow and projects accurate lease execution dates

Utilizes necessary resources to resolve issues of encroachment and impact in a geographic area

Educates and monitors franchisees, approved real estate brokers and attorneys on Tropical Smoothie Cafe’s site selection criteria and the real estate process

Works closely with the field team and franchisees to ensure site selection provides the opportunity for superior ROI and the maximum rent factor as a percentage of estimated sales is reviewed to avoid financial performance issues related to real estate acquisitions

Accurately projects timelines to senior management and the field team to ensure accurate revenue projects and timely preparation of operations

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

Completes a Lease Abstract following full execution of every lease

Achieves period, quarterly and annual lease execution goals to ensure company cafe opening plans can be met and proceed in a timely manner

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

Qualification

Real Estate ManagementFranchise DevelopmentProject ManagementBudgeting PrinciplesLease NegotiationSite SelectionAnalytical SkillsMS Office SuiteCommunication SkillsProblem-SolvingCollaborationEmotional IntelligenceOrganizational SkillsAttention to DetailSelf-StarterNegotiation

Required

5-7 years of experience in Real Estate or a related field

3-5 years of experience managing in a franchise development environment, preferably in the QSR or fast-casual market

Bachelor's degree in Business Administration, Real Estate, or a related field

Knowledge of real estate management principles and techniques

Knowledge of budgeting and fiscal management principles and procedures

Self-starter; able to clarify ambiguity and create solutions

Excellent communication skills and proven ability to set manage agencies to a range of high-quality, on brand, creative work

Advanced knowledge of MS Office and MS Office Suite software

Ability to understand and manage contractual arrangements

Skilled in conducting real estate development feasibility studies and analyses

Ability to work cross-functionally and build working relationships through collaboration, influence and negotiation to successfully accomplish a task

Strong project management and organizational skills with proven problem-solving abilities

Strong ability to examine and re-engineer operations and procedures, formulating policy, and developing and implementing new strategies and procedures

Ability to work on tight deadlines in a fast-paced, team environment

Resourceful and organized with an appreciation and attention towards important details

Ability to exude emotional intelligence

Ability to direct the tone and direction of all interactions with franchisees and vendors

Must always demonstrate and practice the corporate values and behaviors and act in an ethical and lawful manner

40% travel required

Must be comfortable working in a fast-paced, quota driven environment