Vice President Real Estate

3 months ago


Montréal, Canada Foodtastic Full time

**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 follow-ups.
- 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.



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