Mgr, Leasing Smo
2 months ago
Leasing Manager SMO
Manage all aspects of Leasing. Coordinating the identification, acquisition, negotiation and execution of all new leases and lease renegotiation for the assigned territory. Work closely with franchisees and SSA staff to ensure that leases are handled properly and meet procedural requirements and company policies. Renewals are managed in a timely manner and in compliance with relevant State regulations.
- Identify new locations and opportunities that may be suitable for relocations of existing sites, brand new locations, or replacements for old locations that have closed historically. Negotiate terms with landlords that provide a sustainable business model for franchisees and minimise risk for both Subway and the franchisee. Submit Site Reviews with supporting information from demographic mapping tools for approval. Develop the restaurant portfolio to support the territory in achieving its Net Restaurant Growth targets.
- Manage the existing lease portfolio for the territory monitoring for upcoming renewals or options to exercise. Ensure that franchisees are engaged in the process as required and communicated with proactively through the process. Utilise opportunities to improve occupancy costs for franchisees and improve franchisee profitability and increase affordability of franchisees to reinvest via remodeling. Manage the existing lease portfolio for the territory monitoring for upcoming renewals or options to exercise. Ensure that franchisees are engaged in the process as required and communicated with proactively through the process. Utilise opportunities to improve occupancy costs for franchisees and improve franchisee profitability and increase affordability of franchisees to reinvest via remodeling.
- Negotiate lease extensions and potential financial contributions where required to assist territory team and franchisees move forward with remodels that are required or overdue.
- Create and maintain a network of territory developers or agents who build or lease in specific areas of assigned territory. Maintain regular contact to ensure that all opportunities are captured and Subway is top of mind as new developments are undertaken within the geography of the territory. Develop and maintain strong relationships with major landlords that may have multiple Subway restaurants within their portfolio.
- Assist franchisees with building / property maintenance or upgrade issues that are landlord responsibility under their leases as required.
Skills & Abilities
- Must be able to handle a high pressure competitive environment.
- Must have be able to make quick and rational decisions based on company policies and procedures.
- Must have the ability to manage and deal with many different personalities including but not limited to Leasing Reps, Franchisee’s, and other stakeholders.
- Must have a high level of understanding of Lease negotiation and also a commercial real estate aptitude.
- Problem solving and communication skills are essential.
- Experience in interpreting landlord lease statements
- Experience in a franchising environment will be highly regarded
**Quals and Experience**:
- Bachelor in Property Management/Commercial or Project Management
- 5+yrs in similar role
Willing to travel
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