VP of Real Estate - Restaurants

An established award-winning restaurant management group poised for growth is seeking an skilled and experienced Vice President of Real Estate and Development position within a dynamic leadership group in the DFW Metroplex. 600+ restaurants nationwide.

Essential Job Functions

• In this pivotal position, you will play a key role in overseeing the scope and development process, ensuring the success of our expansion initiatives
• Conduct comprehensive site survey reviews and budget assessments
• Develop and manage project milestones and schedules
• Effectively handle permit management and bid qualifications
• Coordinate procurement activities and oversee project awarding
• Provide expert oversight in construction management and contract closeouts
• Work in conjunction with internal and external consultants throughout the process of the projects
• The Development Manager will also participate in ongoing strategic review of company real estate assets
• Prepares Market Development Plans by segmenting markets into smaller trade areas; and create a growth plan for each area that includes targeting parcels for new stores and competitive stores to acquire
• Works with financial models to qualify projects for lease or purchase
• Negotiates Purchase contracts with sellers and leases with Landlords
• Prepares real estate proposals and contracts for management approval
• Initiates and organizes real estate market tours for site selection and market reviews
• Compiles site ride presentations and market summaries
• Manage progress of due diligence activities, entitlement activities, beer and wine applications, escrow closings, etc
• Meet with government officials and attend public hearings
• Coordinate with architects, engineers, attorneys, and other consultants
• Work closely with internal management team to design projects
• Manage portfolio rationalization analysis – compiling valuation and timing strategies
• Ensure compliance with requirements, policies, and regulations
• Perform other duties as necessary

Qualifications

• Bachelor’s degree in Real Estate, Finance, or related field
• Minimum 5 to 7 years’ experience in Commercial Real Estate, Development, Finance or Corporate Real Estate Management with emphasis in the food service industries.
• Working knowledge of broker networks, market valuations for real property and leasehold investments
• Familiarity with Microsoft Teams, SharePoint, Outlook, Word, and PowerPoint
• Self-motivated, self-directed individual with strong organizational skills required
• Requires some travel, including some overnight travel
• Proficiency in Word and Excel required
• Requires a driver’s license and a good driving record

Benefits

Salary: $250,000 - $300,000

Competitive salary commensurate with experience

Medical, dental, and vision insurance plans

Matching 401K contributions

Paid vacation and personal days

Generous dining discounts at company-owned restaurants

ALL INQUIRES ARE 100% CONFIDENTIAL