Real Estate Manager

POSITION SUMMARY:

Responsible within assigned territory (s) for identifying, recommending, and qualifying potential real estate properties for Qdoba restaurants to meet company and franchise development goals, and for managing the existing real estate portfolio of restaurants; ensures conformance with company and franchise market plans.

KEY DUTIES/RESPONSIBILITIES:

• Administers the overall Market Plan for Company and Franchise restaurant site development, including: compiles and analyzes data on the desirability of sites in terms of present and anticipated commercial activity, area demographics, traffic flow, projected sales, ease of access, and projected sales analysis, and assembles and presents real estate site packages to the Real Estate Site Committee (RESC)..
• Partners with various departments and agencies to ensure the timely execution of contractual obligations to obtain all necessary permits. Negotiates contracts for new restaurant sites with attorneys, brokers, developers and principals in various real estate transactions, and ensures effective communication with the Real Estate Legal department.
• Participates in trade and civic organizations (public hearings, chamber of commerce, etc.) to increase and enhance the public’s awareness and image of Qdoba.
• Identifies franchise development territories in conjunction with the overall Market Plan. Consults, guides, trains, and assists Franchisees in site selection and development, Market Planning, asset planning, and preparation/presentation of real estate site packages to RESC.
• Negotiates lease extensions, renewals, lease options, and the sale/sublease of property to ensure appropriate occupancy cost, improve competitive position, and execute in the best interest of the Company. Prepares memos for senior management approval to include relevant detailed facts from analyst /broker to justify rationale.
• Interacts with Operations/FBC’s to ensure communication with the franchisee’s is delivered in a symbiotic manner.
• Identifies expansion or remodel/rebuild opportunities of current restaurant locations; negotiates lease expansions and prepares the presentation with required documentation for presentation to the RESDC committee.
• Performs other related duties, tasks and responsibilities as required, assigned and directed.

QUALIFICATIONS:

• Bachelor’s degree or equivalent, preferably in Real Estate, Business Administration or Finance.
• 4-5 years corporate or commercial real estate experience; multi-unit retail tenant or landlord representation preferred.
• Knowledge of commercial real estate that includes market planning, site evaluation, city/county/state regulations, building and permitting process, traffic flow, easements, etc.
• Highly proficient in deal economics and contract negotiation for restaurant sites.
• Ability to effectively resolve financial and contractual issues and disputes.
• Ability to develop positive and effective business relationships.
• Strong oral and written English communication skills.
• Excellent negotiation skills, interpersonal skills, and organization skills.
• Self-motivated with strong time management skills.
• Demonstrates integrity and ethical behavior.
• Ability to speak/hear clearly in person and on the telephone. Ability to travel approximately 30%-40% of time as business needs require. Ability to operate a computer keyboard.

REASONABLE ACCOMMODATION:

Qdoba and its affiliates will make reasonable accommodations to allow a qualified individual with a disability to enjoy equal employment opportunities and to perform the essential functions of the job. This position description should be applied accordingly.

Benefits:

• Medical, Dental, Vision, & 401k
• PTO (including vacation and sick)
• Tuition reimbursement

Pay Range: $110,000-$140,000

CA Notice of Collection:

-of-collection-for-california-employees

Privacy Policy:

QDOBA takes pride in carefully selecting talented people and mixing them together to discover amazing flavors. We value the diversity that all our employees bring to the table and the new flavors they bring to our team. Employment decisions and rewards recognize job accountabilities, business needs, and performance merit without regard to age, gender, race, religious affiliation, Veteran status, sex, gender identity, sexual orientation, disability, or any other protected classification recognized by applicable federal, state, or local law.