Manager, Real Estate

Ready to build whats next with one of the worlds most iconic brands

Why Join Subway

At Subway we are not standing still. We are building. This is a business focused on what matters most: growing franchisee profitability strengthening our brand and creating long-term value. The people who thrive here are the ones who want to make a real impact. You will not just do the work. You will shape it.

We move fast. We think like owners. We make decisions that matter. We hold ourselves to a high standard because what we do directly impacts thousands of franchisees around the world. If you bring energy accountability and a bias for action you will fit right in. We take the work seriously but we also know the best results come from teams that support each other celebrate wins and show up ready to build something better every day. This is your chance to be part of whats next.

About the Role:

The Real Estate Manager will play a pivotal role in strategically growing and optimizing Subways restaurant network ensuring the financial strength of the restaurants through profitable development. This role requires a strategic thinker with in-depth knowledge of the assigned region to identify evaluate and secure prime locations for new Subway restaurants while also overseeing the site approval process with the leadership team.

The Real Estate Manager will manage new store openings relocations and other real estate activities within their assigned area. Additionally they will collaborate closely with Single and Multi-Unit Franchisees to support their development targets and goals acting as a trusted advisor to their real estate efforts.

Reporting directly to the Director of Franchising and Real Estate the Real Estate Manager will work in tandem with the Field Operations and Franchising teams to successfully execute site selections and development initiatives.

Responsibilities include but are not limited to:

• Identify qualify and pursue high potential real estate opportunities across assigned region
• Build strong relationships & collaborate directly with growth-qualified Single Unit and Multi Unit Operator Franchisees to support their development targets and goals acting as a trusted advisor to their real estate efforts
• Conduct thorough market research including demographic traffic pattern and competitive analysis to support site recommendations
• Collaborate with and maintain relationships with regional and national brokers landlords developers and municipal authorities to secure optimal locations
• Work closely & collaboratively with internal teams to prepare and present detailed site proposals including financial analysis to obtain corporate approvals
• Maintain an up-to-date pipeline of potential properties and provide regular progress reports to senior management
• Calibrate market rents and favorable rent/lease terms in partnership with franchisees for new locations identified in order to submit conditional letters of intent
• Lead negotiation and execution of Letters of intent (LOIs) aligned with Subways deal parameters and legal requirements
• End-to-End Development. Support the full development cycle of a site through oversight of key development milestones through to restaurant opening
• Act as a key stakeholder throughout permitting build-out leasing and opening stages to ensure sites sourced and approved proceed on schedule

Qualifications:

• Bachelors Degree in Real Estate Business Finance GiS Urban Planning and/or related fields strongly preferred
• 5 years experience in corporate commercial real estate and market research analysis in the QSR Fast Casual industry or retail industries
• Proven track record in site selection market analysis and/or lease negotiations
• Strong established network and partnerships with landlords brokers and developers in assigned territory
• Strong understanding of real estate market in assigned territory including zoning laws and regional nuances
• Experience with analytics tools/ real estate market software
• Excellent negotiation interpersonal and communication skills
• Ability to travel within assigned territory for site visits landlord meetings franchisee meetings etc
• Proficiency with Excel Powerpoint and SmartSheets
• Ability to manage and oversee site approval presentations communications and site tracking for real estate in assigned territory
• Ability to build strong working relationships cross-functionally and externally
• Deep understanding of Canadian Markets & Development landscape related to retail & QSR industries

What do we Offer

• Insurance Plans (Medical/Dental/Vision/Life)
• 401k
• Competitive Bonus
• Mobility Allowance
• Tuition Reimbursement
• Company Holidays
• Employee Resource Groups
• Volunteering time
• Many More

Actual pay is determined based on a number of job-related factors including skills education training credentials qualifications scope and complexity of role responsibilities geographic location performance and working conditions.

The Company is only considering applicants who are currently authorized to work in the country the position is based. AA/EOE/D/V

Subway uses technologyassisted tools to support our recruitment process. These tools strictly help organize and sort applications based on jobrelated qualifications. All decisions are made by people - our recruiting team and hiring managers. If you have questions or would like to request an alternative review process please let us know.

Job Details

• Pay Type: Salary
• Employment Indicator: Regular

Required Experience:

Manager