Vice-President of Real Estate Canada

4 weeks ago

Ontario, Canada Foodtastic Inc. Full time

About the Company

Founded in 2016, Foodtastic is already one of the largest restaurant companies in Canada. In the last four years, we have increased system sales from less than $50mm to over $700mm. Our current portfolio of 25 brands includes Milestones Grill & Bar, Second Cup Café, Pita Pit, La Belle et La Boeuf and Rôtisseries Benny.

We are passionate about building our franchisee partnerships and providing our guests with a memorable dining experience. Our growth would not be possible without the creativity, dedication, and entrepreneurship of our people. We continue to build the team and are always looking for exceptional candidates to join Foodtastic.

Vice-President of Real Estate Canada – Toronto, ON

Reporting to the Chief Development Officer (CDO), Foodtastic is seeking a Vice-President of Real Estate Canada who will oversee and be responsible for all leases, lease renewals, location disposition and rent reductions.

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 draft lease terms with internal/external legal counsel to ensure that terms are aligned with company standards.
  • Support new development, support existing sites and help us cultivate the system.
  • Track critical dates including lease expiries, renewal option deadlines, possession date and commencement dates.
  • Approve ancillary documents (storage agreements, estopped certificates, pylon sign agreements etc)
  • Ensure charges are applied in accordance to the lease and communicating any changes to franchise partners, as well as accounting department for corporate rent roll
  • Ensure correct payment made to landlords
  • Maintain database with respect to lease information for all stores
  • Ensure dates set out in agreements are met with respect to fixturing and commencement.
  • Gather documentation required for billing of tenant allowance.
  • Ensures to contact landlords for monthly statements and updates arrears reports.
  • Maintains property index and lease correspondence files.

What you can expect:

  • We will train you on the Foodtastic way.

- Site sourcing.

- Breakeven analytics.

- Regional market rates.

- Negotiations with internal and external parties.

  • We will educate you on how we see the market.
  • We will welcome your insight and recommendations as it pertains to strategy.
  • You will be a valued member of the Foodtastic team that will have the autonomy and support to make decisions.

What we are looking for:

  • Excellent communication skills.
  • Strategic thinker.
  • Team Leader
  • 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

Company benefits

  • Market related compensation
  • Complimentary coffee, drinks, and snacks at the office
  • Free parking on premise
  • Half-day available every Friday during summer
  • One hour lunch paid
  • Group insurance plan, including health, dental and long-term disability benefits.
  • TELUS virtual health care
  • Company social events
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