Job Details
Franchise Real Estate Development Manager - (Remote)
7100 Corporate Drive , Plano , TX
ID#3256
Travel/Location - As required throughout the US; typically based in remote home office within assigned geographic area - Baltimore, Boston, Washington D.C., New York, New Jersey, Philadelphia, Charlotte, Atlanta, Miami, Orlando, Chicago.
New Unit Development
- Create strategic development growth plan for each franchisee within the Northeast region (~10-20 franchisees, 500 -1,500 restaurants).
- Identify, review, and validate new unit development opportunities using a broad spectrum of data.
- Oversee and deliver annual net new unit targets; track and forecast the new unit pipeline using critical milestones and deliverables to help ensure results.
- Execute and manage all new development agreements to achieve development expansion goals.
- Review and approve all new and relocation sites and the pro-forma model for each location to help ensure successful asset action results.
- Act as the local Pizza Hut representative, attending conferences and networking opportunities to heighten visibility of the brand as it relates to development.
Support Existing Store Portfolios
- Create strategic development plans for each franchisee and market through in-depth data analysis (Market Planning).
- Provide an optimization and action plan as it relates to the best investment decision for each market and each trade area.
- Track and forecast agreed upon asset actions and timing (new, relocations/rebuilds, and remodels).
- Manage store closure analysis with cross-functional partners to build a fact-based case for approval or denial.
- Assist franchisees in developing key 3rd party relationships (brokers, architects, contractors, etc) that are crucial to development success.
- Develop and maintain strong market knowledge and an understanding of Pizza Hut's coverage gaps, target markets, trends, projected home/work/shop growth, competition, and other factors that create real estate opportunities.
- Counsel and influence franchisees on new restaurant growth and site selection. Create, review, continually adapt and improve screening for franchisee site package submittals for final approval.
- Provide leadership and communicate with key stakeholders in development process including, but not limited to: Design & Architecture, Operations, Franchising and Leadership team to ensure most effective development of markets.
Education:
- Bachelor's degree; Masters preferred.
Required:
- 5+ years' experience in Real Estate/Retail Development, Finance or other similar field
- Ability to travel up to 40% (under normal circumstances)
- Client/Project Management or Consulting experience preferred,
- A passion to build strong relationships and find mutually beneficial solutions to drive positive growth for the Pizza Hut brand and franchisees.
- Must be a strong collaborator with ability to gain alignment and manage difficult conversations across a diverse representation of people and varying
- Must have experience and proficiency in essential skills and real estate knowledge required to perform in the role, including deal negotiation, lease review, multi-unit development, networking, contract management, site analysis, and project management, among other skills
- Collaborative mindset and ability to work cross-functionally with other groups to inspire creative solutions and solve problems holistically.
- Broad, strategic thinker. Ability to think big and create innovative solutions as well as the ability to breakdown complex problems to decipher what is most important in making a thoughtful business decision.
- Comprehensive understanding of all construction/lease/ landlord related contracts and commitments, including LOI and Landlord work-letter
- Experienced in Construction Project Management
- Strong relationship and influencing skills.
- Experience in growing retail points of distribution for a brand. Knowledge of development analysis, real estate, market planning, development scheduling, and general financial analysis a benefit
- A willingness and ability to understand and comprehend data that will lead to the best possible development decision.
- Strong communication skills - both written and verbal
- Appreciates data-driven solutions, is detail-oriented, while also having a sales mentality.
- Microsoft Office software experience required, with expertise in Excel.
Salary Range: $130,500 to $140,000 annually + bonus eligibility. This is the expected salary range for this position. Ultimately, in determining pay, we'll consider the successful candidate's location, experience, and other job-related factors.
At Yum!, one of our core values is to Believe in ALL People. This means seeing the value in everyone and unlocking their full potential to be their best self. YUM! Brands, Inc. (including its subsidiaries Yum Restaurant Services Group, LLC (“YRSG”) and Yum Connect, LLC (“Yum Digital and Technology”)(collectively, “Yum”) is proud to be an equal opportunity employer and is committed to equity, inclusion, and belonging for all dimensions of diversity. We do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other protected characteristic. Yum! is committed to working with and providing reasonable accommodation to applicants with disabilities or special needs.
If you need assistance in the application or hiring process to accommodate a disability, you may request an accommodation at any time by contacting the location nearest you.