Manages and supports Real Estate functions relating primarily to new restaurant openings, both in the development of strategic plans and in site selection. Duties include:
Work with Senior Real Estate Director to identify targeted trade areas for development by gathering and evaluating market data
Conduct High-Quality Trade Area Reviews in targeted trade areas
Work with local brokers and developers to procure a targeted number of new restaurant openings
Build and manage the pipeline of potential sites in specific markets identified for expansion to ensure First Watch meets development strategy.
Management and updating of Development Market Strategies, including research, data management
Working with brokers by providing needed resources for real estate packages and keeping brokers informed of new initiatives and standards related to First Watch real estate
Negotiating and reviewing Letters of Intent
Working with Senior Director and Development Manager to bring all aspects of new restaurant openings together in the designated territory (leasing, scheduling, budgeting)
Follow deals through development pipeline and work with legal to ensure timely and successful lease signing.
Manage lease renewal process for existing locations in-territory, for the purpose of making lease renewal decisions as well as to evaluate relocation opportunities.
As required, this position will support and monitor the development process in existing company and franchise markets.
Minimum of three years in a) Real Estate or leadership position within high new-unit-growth business is required, preferably in the restaurant industry, b) retail brokerage of one or more high growth full service and/or fast casual restaurant concept, or c) landlord representation of two or more high profile centers with extensive fast casual and full service restaurant presence. Bachelor’s degree in a related field is preferred. Having strong negotiating skills is required. Must be strategically oriented with a background in site selection, lease negotiation and real estate analysis. Strong interpersonal, communication (both written and verbal) and presentation skills are required. A solid level of competency in computer skills (Word, Excel, etc) is required. Residence in one of the following markets is strongly preferred: Orlando, Atlanta, Charlotte or Nashville.
About First Watch Restaurants Inc.
First Watch specializes in award-winning, made-to-order Breakfast, Brunch and Lunch. A recipient of more than 200 “Best Breakfast” and “Best Brunch” accolades, First Watch offers traditional favorites, such as omelets, pancakes, sandwiches and salads, and unique specialty items like Quinoa Power Bowls, Avocado Toast and the Chickichanga. The company was recognized as one of Business Intelligence Group’s Best Places to Work in 2018 and as one of Nation’s Restaurant News’ 2017 Second 100 restaurant brands. First Watch is the largest and fastest-growing daytime-only restaurant concept in the United States with more than 330 restaurants in 29 states, including more than 260 First Watch restaurants, 70 The Egg & I restaurants and one Bread & Company restaurant in Nashville. For more information, visit firstwatch.com