Based in Pasadena, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy's Taco Shop® brands. With over 3,500 restaurants combined in 16 countries and 388 franchisees as of December 5, 2022, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company's website located at www.dinebrands.com.
Position Summary
The Manager of Real Estate will be contributing to Dine’s development strategy, primarily in producing new franchise locations and conversions and leading deals from site identification through internal approvals, contractual negotiations, permitting, and ground breaks. The Real Estate Manager is a primary dealmaker and will own the project from inception through handover to the construction team.
Responsibilities:
- Develop, maintain, and implement a comprehensive, strategic market plan for defined territories and execute bold new store growth goals.
- Maintain strong market knowledge and an understanding of Dine’s coverage gaps, target markets, trends, projected home/work/shop growth, competition, and other factors that build real estate opportunities.
- Handle network of real estate brokers to identify potential sites for new restaurant development and relocations.
- Conduct sites tours with franchisees, Heads of Real Estate, Franchise Development, and Operations, to gain field approval of proposed sites.
- In conjunction with the Market Planning team, estimate and analyze sales performance of new restaurants to ensure accurate forecasting.
- Present compelling site opportunities, with appropriate support materials, to franchisees for development
- Prepare and present new restaurant site packages to the Real Estate Committee. Presentation shall include a decision logic, maps, aerials, demographics, competitor analysis, sales forecast, return metrics, impact analysis, and real estate deal points. The intent of the presentation is to gain leadership approval of the site and economics.
- Partner with construction teams to ensure project moves efficiently through due diligence, entitlements, and construction phases.
- Participate in weekly development department project status meetings.
- Identify areas where new franchisees are needed and partner with the Franchise Recruiting team to recruit qualified candidates.
- Develop, fill, and maintain the pipeline of new restaurants; Forecast the timeline of new restaurant openings and assess risks.
- Engage with the brand teams to find solutions to development barriers such as impact, growth approval, viable vehicles, etc.
- Identify opportunities in small markets to develop appropriately sized and economically viable assets.
- Starting Base Salary $125k (+/-)
Qualifications:
- BS/BA degree in Finance/Accounting/Real Estate; MBA preferred, or equivalent experience.
- Development related experience in the franchising / restaurant industry with proven ability to break through the existing development complexity a plus.
- Self-starting problem solver who seeks win/win solutions, demonstrates tenacity, and is not easily discouraged.
Equal Employment Opportunity Statement
Dine Brands Global strongly supports equal employment opportunity for all applicants regardless of race, color, religion, sex, gender identity, pregnancy, national origin, ancestry, citizenship, age, marital status, veteran status, physical disability, mental disability, medical condition, sexual orientation, genetic information, or any other status protected by federal, state, or local law. All employment is decided on the basis of qualifications, merit, and business need.
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