Vice President Real Estate - Montréal, Canada - Foodtastic

Foodtastic
Foodtastic
Verified Company
Montréal, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

About the Company
Founded in 2016, Foodtastic is already one of the largest restaurant companies in Canada. We have increased system sales in the last four years from less than $50mm to over $700mm.

Our current portfolio of 23 brands includes Milestones Grill & Bar, Quesada, Pita Pit, La Belle et La Boeuf, Second Cup, and Freshii.


VICE-PRESIDENT OF REAL ESTATE- ROLE OVERVIEW


Reporting to the President & CEO, Foodtastic is seeking a Vice-President of 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.


This role will:


  • Responsible for lease renewal proposals and negotiated business terms to ensure the financial terms of the lease meet with company/franchise partner budgets.
  • Approve draftLOI and lease terms with internal/external legal counsel to ensure business terms align with company standards.
  • Support new development planfollowing 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 followups.
  • Support real estate directors in the management of the real estate for their brands.
  • VP meetings for coordination within Foodtastic.

What you can expect:


  • We will train you on the Foodtastic way.
  • Site sourcing.
  • Breakeven analytics.
  • Regional fair market rent.
  • Negotiations with internal and external parties.
  • We will educate you on how we see themarket and our growth.
  • We will welcome your insight and recommendations as it pertains to strategy.
  • You will be a valued Foodtastic team member with the autonomy and support to make decisions.

What we are looking for:


  • Perfectly bilingual.
  • Strategic thinker.
  • Long term vision.
  • Someone willing to learn new skill sets.
  • Someone who wants to be part of team in every sense of the word. We not me.
  • Someone who wants to help us build a legacy in the Canadian restaurant landscape.
  • Someone who wants to help us build a winning culture.
  • Passion.
  • Drive.
More jobs from Foodtastic
See all jobs of Foodtastic