Senior Director, Real Estate Transactions
About The Position
Founded in 2016, Foodtastic is already one of the largest restaurant companies in Canada. We have increased system sales in the last five years from less than $50mm to over $1B. Our current portfolio of 27 brands includes Milestones Grill & Bar, Second Cup Café, Pita Pit, Quesada, La Belle et La Boeuf, and Rôtisseries Benny. We are passionate about building our franchisee partnerships and providing our guests with a memorable dining experience. Our growth would not be possible without our people's creativity, dedication, and entrepreneurship. We continue to build the team and always look for exceptional candidates to join Foodtastic. Reporting to the CDO, Foodtastic is seeking a Senior Director, Real Estate who will oversee and be responsible for all new leases, lease renewals, rent reduction negotiations, and implementation of new tools to make the department more efficient.
Requirements
- Fluent in English; proficiency in French is considered a strong asset
- Strong people management skills
- Excellent presentation skills
- Strategic thinker
- Long term visionary
- Willingness to learn new skill sets
- Passionate
Nice To Haves
- Site sourcing
- Breakeven analytics
- Regional fair market rent
- Negotiations with internal and external parties
Responsibilities
- Responsible for lease renewal proposals and negotiated business terms to ensure the financial terms of the lease meet with company/franchise partner budgets
- Approve draft LOI and lease terms with internal/external legal counsel to ensure business terms align with company standards
- Support new development plan following acquisitions, support existing sites, and help us cultivate the system
- Track critical dates, including renewal notice period, lease expiries, possession date and commencement dates for franchisees and corporate stores
- Approve ancillary documents (storage agreements, estopped certificates, pylon sign agreements etc.)
- Ensure charges are applied per the lease and communicate any changes to franchise partners and the accounting department for corporate rent roll
- Ensure correct payment is made to landlords
- Maintain a database concerning lease information for all stores
- Ensure dates set out in agreements are met concerning fixturing and commencement
- Gather documentation required for billing of tenant allowance
- Ensures to contact landlords for monthly statements and updates arrears reports
- Ensure proper insurance is in place for all locations
- Maintains property index and lease correspondence files
- Connect with franchising and construction departments for new stores and renovations
- Deal sheet approval for new stores and renewal
- Brokers selection and follow-ups
- Support real estate directors in the management of the real estate for their brands
- VP meetings for coordination within Foodtastic
Benefits
- Market related compensation
- Complimentary coffee, drinks and snacks at the office
- Free parking at the office
- Summer Fridays
- 1 hour lunch paid
- Virtual health care
- Company social events
- Group insurance plan, including health, dental and long-term disability
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
