The Real Estate Manager is responsible within assigned territory(s) for identifying, recommending, and qualifying potential real estate properties for Zaxby’s 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.
ESSENTIAL JOB FUNCTIONS
Essential duties may include but are not limited to the following:
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 Committee (REC)
Manages broker network across defined territory for use in conjunction with both Company and Licensee growth
Partners with various departments and agencies to ensure the timely execution of contractual obligations to obtain all necessary permits; negotiates contracts for new company restaurant sites with attorneys, brokers, developers and principals in various real estate transactions, and ensures effective communication with the 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 Zaxby’s
Identifies franchise development territories in conjunction with the overall Market Plan; consults, guides, trains, and assists Franchisees/Licensees in site selection and development, Market Planning, asset planning, and preparation/presentation of real estate site packages to REC
When required, 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
Identifies expansion or remodel/rebuild opportunities of current restaurant locations; negotiates lease extensions (when required) and prepares the presentation with required documentation for presentation to REC
Performs other related duties, tasks and responsibilities as required, assigned and directed
Up to 40% required
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
EDUCATION AND EXPERIENCE GUIDELINES
Education: Bachelor’s degree, preferably in Real Estate, Business Administration or Finance
Experience: 6-10 years of corporate and/or franchise real estate experience
Zaxby’s Franchising LLC is an equal opportunity employer and does not discriminate in employment decisions based on any factor protected by federal, state or local law.