Real Estate Manager -Minnesota

Subway

  • Minnesota
  • Permanent
  • Full-time
  • 16 days ago
Location: Remote (Minnesota)Ready for a fresh, new career? Look no further because one of the world’s most iconic brands can help you get there.Why Join Us?At Subway, “better” is baked into our DNA. We are a brand that believes in continued improvement … in our lives, our businesses, and our planet. From the handshake that started our very first sandwich shop to earning our position as the world’s leading restaurant brands, we’ve always embraced change and the path ahead. And today, we're making better living way easier.Our purpose is about more than the food we serve in our restaurants. It’s centered on fueling healthy businesses and healthier lives. It is one of the most exciting times to join the Subway team and contribute to our transformational journey.About the Role:The Real Estate Manager is responsible for executing strategic real estate initiatives to support market optimization and long-term growth in their assigned markets. This includes managing new site selection, relocations, mitigating closures, remodels, dis-identifications, and restaurant transfers. The role requires data driven decision making with strong analytical skills, capable of managing a portfolio of restaurants. The Real Estate Manager serves as a direct liaison between franchisee and both internal and external stakeholders to deliver the company’s development objectives.If you feel that this is the role for you, and you are successful with your application, be ready to be Bold, Empowered, Accountable, and ready to have Fun in a fast paced and agile working environment.Responsibilities include but are not limited to:
  • Facilitates execution of a markets Development plan with the goal of building market share, driving guest counts, increasing average unit volume and franchisee profitability.
  • Educate and guide field operations teams regarding the benefits of market optimization and provide objective voice regarding development plan decisions. Collaborate with Franchisees to package and present prospective development sites to Real Estate Committee for review and approval of new developments and relocation opportunities.
  • Evaluate opportunities to improve existing asset base through site selection, relocations, and remodels. Develop working relationships with Real Estate Brokers to constantly identify and evaluate market opportunities. Work with Market Planning team analysis to execute Market Optimization Plans & to fill in identified white spaces.
  • Complete rigorous financial analysis and recommendations regarding requested restaurant closures in partnership with Field Operations Team.
  • Complete required paperwork for those restaurants that are not viable. Evaluate and assess viability of restaurant in partnership with Senior Real Estate Manager, & Director, Franchise Performance for assigned territory.
  • Travel is required in assigned territory to meet with Franchisees, Construction Team and Field Operations Team.
  • Focus efforts on driving positive net restaurant growth by mitigating closures and increase new restaurant openings.
Qualifications:
  • Bachelor’s Degree in Real Estate, Business, Finance, or related field strongly preferred.
  • 5+ years' experience in corporate commercial real estate and market research analysis in the QSR or Fast Casual industry
  • Experience with market optimization and ability to grow small businesses.
  • Familiarity with market brokers/real estate.
  • Restaurant and/or retail industry experience would be preferred.
  • Must have a positive attitude, be self-motivating, and have excellent time management and communication skills, good relationship building skills, flexible and detail oriented.
  • Business valuation and brokerage negotiation.
  • Ability to work with a diverse group of people and experience leading cross functional decision making.
  • Experience or understanding in overall market planning. Knowledge of franchise and licensing law, regulations, and procedures.
  • Strong knowledge of Strategic Planning, Sales Analysis, Consumer Insights and Brand Management.
  • Strong communication skills to read, listen, understand, and communicate information and ideas in a clear and understandable manner, both orally and in writing.
  • Ability to process information including gathering, assessing, organizing, auditing, and verifying data.
  • Strong knowledge of GIS/desktop mapping packages. Quick study on learning new mapping & analytic packages.
  • Ability to effectively analyze and evaluate information to make decisions, solve problems and achieve goals.
  • Ability to build strong working relationships with other critical departments outside development.
  • Willingness to travel throughout region with flexibility to work different hours, including early morning and late-night work as required.
  • Ability to travel up to 60%.
What do we Offer?
  • Insurance Plans
  • Competitive Bonus
  • Mobility Allowance
  • Tuition Reimbursement
  • Company Holidays
  • Volunteering time
  • Many More…..
Actual pay is determined based on a number of job-related factors including skills, education, training, credentials, qualifications, scope and complexity of role responsibilities, geographic location, performance, and working conditions.

Subway