Raising Cane's Real Estate Manager in Plano, Texas
Real Estate Manager
More information about this job
The Real Estate Manager will perform & execute all tasks and projects assigned by the Director of Real Estate in a timely and efficient manner. The “Mission” of the Real Estate Department is to accomplish the acquisition of locations for the development of financially successful new Raising Cane’s Restaurants in accordance with the schedule dictated company’s annual growth plan.
Create comprehensive new Restaurant development plans for new markets and present them to the CEO.
Manage an established network of real estate brokers to execute market specific penetration strategies and identify potential sites for new restaurant locations.
Select sites with high sales volume potential in accordance with market penetration strategies and present these sites to senior management for approval.
Work with broker network to prepare and present new restaurant site recommendation packages to the Real Estate Committee. The presentation shall include a sales forecast, a sales transfer forecast, and an ROI analysis. The goal of the presentation is to gain the Real Estate Committee’s approval of the site and its related investment.
Standardize and continuously improve trade area and site selection criteria and sales forecasting and sales transfer models. Identify and continuously develop data resources for analyzing trade area sales generators.
Maintain a system of property files for the purpose of administrating all legal documents associated with the company’s properties.
Act as spokesperson for the Company in all communications with landlords and their representatives.
Coordinate and manage the new restaurant development schedule keeping all departments advised of new restaurant critical dates.
Coordinate with the RDC team’s “due diligence” efforts in determining site feasibility, acquisition of all required approvals and development pro-forma budgeting to insure the timely development of the new restaurants. As used herein, the RDC team includes outside professionals such as brokers, attorneys, architects, engineers, environmental consultants, and certain third party vendors.
In Conjunction with the Finance Department, create and continuously update methods for analyzing the sales performance of new restaurants. This analysis shall include the validation of the sales and sales transfer forecasts presented to the Real Estate Committee when site approval was acquired.
Assist the Director of Real Estate, as directed, in the acquisition of funding the development of new restaurants. Coordinate or assist, as the case may be, various members of the RDC team in the funding and payment of reimbursable expenses related to the development of new restaurants.
Coordinate and assist various members of the RDC team in the site approval, plan approval and development of new franchise restaurants.
With legal representation, negotiate the lease or purchase contract for the acquisition of approved sites.
After the site acquisition contract is executed, set up and maintain a schedule for meeting critical deadlines within the development period. Insure all parties associated with the development of a new restaurant are aware of the critical dates. Assist the development team and the finance department in any matters related to landlords, sellers, or governmental authorities.
Provide to the Finance and Accounting Departments all information regarding the financial obligations associated with acquisition contracts.
Insure all information regarding our contract obligations is provided to all departments involved with the execution of those obligations. Place particular emphasis on assisting the Accounting Department in meeting all contract related monetary obligations.
Maintain a lease administration system to organize critical lease information such as landlord identity, landlord contact information, lease expiration dates and renewal option exercise dates. Advise senior management of pending expiration dates and renewal option exercise dates so that appropriate decisions may be made and executed in a timely fashion. Negotiate all lease renewals and lease restructuring.
Draft Restaurant Trade Area Analysis Reports and assist the marketing department in identifying sales generators for marketing opportunities.
Participate in weekly RDC project status meetings and provide up to date reports regarding acquisition of sites and associated critical dates.
Maintain a membership in ICSC and represent the company at selected ICSC functions.
Bachelor’s Degree in Business or related field required
Minimum of 10 years’ commercial real estate site selection experience
Must possess knowledge of site development real estate trends and practices
Excellent negotiating skills
The intellectual and physical demands described below are representative of what must be met by a Crewmember to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable Crewmembers with disabilities to perform the essential functions.
Be professional in manner
Display strong analytical skills and excellent communication skills
Display excellent organizational & scheduling skills
Be fair and objective in decision making
Complete projects successfully and pay close attention to details
Prioritize and complete duties and tasks with a sense of urgency
Be deadline oriented and complete tasks or projects in a timely manner
Be able to evaluate work completed to measure effectiveness
Be able to travel up to 50%