Director of Real Estate

Reports to: Chief Development Officer

With a projected 1,000 cafes in the United States by 2030, Paris Baguette is one of the fastest-growing neighborhood bakery cafés in the world. Our vision is to reestablish the neighborhood bakery café as the heart of the community around the world. Paris Baguette’s mission is to bring expertly crafted baked and brewed goods through a warm and welcoming bakery café experience that delivers joy to everyone.

If you are someone who has heart, wants to spread joy, nourish community and is ready to rise to the occasion, we are looking for you to join our growing team!

WHAT WE ARE HUNGRY FOR

We are seeking a Director of Real Estate who will serve as the Paris Baguette Real Estate expert. This individual will coordinate and manage all phases and functions of Real Estate; market-specific growth strategies, new café site acquisition, including real estate administration. The Director of Real Estate will act as the spokesperson for the company in communications with brokers and landlords and perform and execute all assigned projects and tasks.

KNOWLEDGE AND RESPONSIBILITIES

• Tracks and reports on market progress from initial strategy through full development.
• Develops market penetration strategy in new and existing markets, consistent with company’s expansion strategy, utilizing geo-demographic platforms and other forecasting tools.
• Collaborates with broker network to present new café site recommendation packages for approval.
• Negotiates lease and purchases contracts for the acquisition of approved sites for corporate sites in partnership with Legal Team.
• Maintains schedule and project management for critical deadlines within the development period for contracts in partnership with stakeholders and involved parties.
• Determines site feasibility and develops pro-forma budget in collaboration with Accounting Team to ensure contract-related monetary obligations are met.
• Coordinates, manages and communicates new café development schedule and critical dates.
• Prepares agenda and reports on real estate issues for weekly meetings and manages administrative duties, which include coordination between departments.
• Maintains documentation, legal instruments, and payment of bills.
• Implements a Real Estate market plan to ensure continued aggressive Real Estate growth program.
• Prepares the proposed location summary to the Real Estate Committee for review and approval.
• Prepares projections on estimated sales, operating margin, profits, return on investment and capital expenditures.
• Promotes accuracy and timeliness to maintaining a portfolio of profitable properties; Maintains Option Renewal Book.
• Investigates city and state licensing requirements to ensure the company’s compliance in the licensing process. Makes proper and timely applications for various permits and licenses.
• Maintains a constant check on café licenses and makes necessary changes based on town or state ruling.
• Coordinates all real estate legal documentation with legal counsel to ensure accuracy.
• Negotiates lease terms and extensions and coordinates with Operations, Finance and Legal on final draft of lease agreements.
• Coordinates terms, conditions and timing to assure targeted opening of a café, transfer of a Café to Franchise, or closing of an existing café.
• Represents the Real Estate Department when required at all hearings regarding licenses and permits.
• Handles the sale/lease of any Company property, including screening of tenants, negotiating lease and obtaining approvals necessary from landlords.
• Provides needed information/documentation to Attorneys, Engineers, and Brokers in matters concerning licensing or leasing.
• Other duties may be assigned.

WHAT YOU NEED TO HAVE

• At least 5+ years of experience in Commercial Real Estate
• Knowledge of site development, real estate trends, and practices
• Experience with prototypical restaurant development
• Detail-oriented, organized and able to manage multiple priorities that may be constantly changing
• Self-driven and flexible with strong analytical, written and verbal communication and negotiation skills
• Ability to work effectively and efficiently both independently and collaboratively
• Microsoft Proficient: Excel, PowerPoint, and Word
• Bakery/Café experience preferred.
• Flexible, adaptive, upbeat, open and visible work style, with a successful track record of supporting operations leaders across a large geographically decentralized portfolio.
• Passion for people! Dynamic and engaged leader who has a passion for empowering, inspiring, motivating & developing team members and franchisee relationships.
• Exceptional organizational and communication skills with the ability to effectively balance priorities and deliver results in a fast-paced, ever-changing, and highly entrepreneurial environment.
• Feedback is a gift! Ability to provide constructive feedback and recognition to every member of the organization, along with Franchisees, to ensure we have an open and transparent culture of high performance standards.
• High emotional intelligence with the ability to work with, and support diverse teams by being highly empathetic, intuitive, self-motivated and driven.
• Teams Win! Has to be a team player who fosters a collaborative and engaged team work environment.
• Being a Brand Ambassador, with an excellent knowledge of and commitment to Paris Baguette’s Mission, Vision, Brand Values and Culture.
• Love of travel! Ability to commute to all current Corporate and Franchise locations, as well as proposed openings.

SWEET BENEFITS

• Competitive compensation
• Free Cake for your Birthday
• Medical, Dental, Vision benefits
• 401K Retirement Plan
• Paid time off, paid Holidays
• High Performance Culture