What are the responsibilities and job description for the Real Estate Manager position at Inspire Brands?
Manages the development of quality, profitable new Dunkin’, Jimmy John’s and Baskin Robbins restaurants and the transformational upgrading of existing Dunkin’, Jimmy John’s and Baskin Robbins restaurants to maximize the market share captured by our brands. This is accomplished through on-going sourcing of opportunities and consultations with our Franchisees, real estate brokers, developers, landlords, governmental authorities, and other Inspire Brands employees to drive strategic outcomes.
RESPONSIBILITIES:
- Maintain a stable in-field presence and regular touch with franchisees and other key partners to identify new traditional and non-traditional development and relocation opportunities
- To lead, align, and manage franchisee organizations and cross-functional partners in the timely completion of the Brands Restaurant Development Process (RDP) from inception to beyond the restaurants opening and grand opening
- To process and evaluate new site submissions in accordance with the RDP, with specific focus on gaining conditional real estate approval, attaining an approved lease, franchisee entity, and franchise agreement
- To source real estate opportunities, substantially meeting our preferred site criteria to present to franchisees or corporately develop.
- To source and drive development of non-traditional opportunities, including government, education, business, airports, gas convenience, and other venues
- To collaborate with team members in the assessment, planning and execution of strategic market plans that drive key strategies and results
EDUCATION QUALIFICATIONS
- Minimum 4-year degree in real estate, business, or related discipline
EXPERIENCE QUALIFICATION
- Minimum five years’ experience in commercial real estate management in a multi-unit restaurant or retail environment
- Experience in development involving independent franchisees is preferable
Key Competencies:
- Self-starter with strong communication skills, an ability to drive results, to think and act strategically, and to lead with confidence and tempo
- Must be a strong collaborator with ability to gain alignment and manage difficult conversations across a diverse representation of people and varying perspectives you will encounter in the Real Estate Manager role
- Must bring a strong network of existing relationships in the real estate and brokerage community
- Must have experience and proficiency in essential skills and real estate knowledge required to perform the Real Estate Manager role, including deal negotiation, lease review, multi-unit development, networking, contract management, site analysis, and project management, among other skills
- Knowledge of all commercial real estate principles associated with multi-unit development, to include financial analysis, deal negotiations, contractual real estate, construction permit process and franchise documentation
- Must have experience and proficiency with industry standard mapping and analytic software, Excel, PowerPoint, and Word
Physical Demands/Working Conditions:
- 50% in-field presence, including car travel. Trips of 1-6 hours and occasionally more in length are typical and may occasionally require overnight stays
- Use of hands-free telephones while driving
- Use of virtual meeting programs such as Zoom and Microsoft Teams.
- Frequent computer use required
- Occasional after-hours attendance at public hearings/meeting required.
- Evaluation of potential Dunkin’, Jimmy John’s and Baskin Robbins sites require site visitations, at times, outside of normal working hours (early morning, evening and occasional weekend site visitations)
- Frequent visits to stores, new locations, municipalities, broker’s offices etc.
- 30% of time spent on administration and home office-based work. Needs access to phone, fax, computer, files
- Must make effective use of remote (Boston, Atlanta based) support functions
We’re made up of some of the world’s most iconic restaurant brands, but we’re much more than just a restaurant company. We’re a team of hundreds of thousands who individually and collectively are changing the way people eat, drink, and gather around the table. We know that food is much more than a staple—it’s an experience. At Inspire, that’s our purpose: to ignite and nourish flavorful experiences.
