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Manager Real Estate

3 months ago

Washington, United States cava Full time

Do you want to get in on the ground floor of a fast growing, entrepreneurialminded business? Do you have a passion for finding quality locations andsecuring the best deal? Are you business-minded, self motivated, and ready to hit the ground running? If this isyou, we want you to join our team 

CAVA is a fast-growing culinary brand with a portfolio of fast-casualrestaurants and a packaged goods line dedicated to fresh,Mediterranean-inspired, better-for-you cuisine. Born from a full-servicerestaurant collaboration between three first-generation Greek-Americanchildhood friends in the Washington, DC, area, our mission is to fuel fulllives through a bold and innovative food culture.

This jobdescription is not intended to be a comprehensive list of all the duties andresponsibilities of the position and such duties and responsibilities maychange without notice.

What You’ll Do:

Execute on and influence a 5-year strategic development plan for every DMA in assigned territory. Complete refresh of plan annually for high growth DMAs. Leverage data analytics, local market knowledge, real estate brokerage and cross functional team members to validate the development plan. Evaluate and tier all identified trade areas (Tier 1, 2 and 3). Complete a stack ranking of trade areas in order of priority for development. Manage real estate brokers in assigned region to elevate CAVA among the landlord and developer community. Ensure CAVA is the first call (top of mind among landlords and developers) for new site opportunities. In conjunction with the real estate broker, identify high-profile, high-quality sites for new CAVA restaurants. Negotiate LOI’s for identified sites with particular focus on deal economics, tenant improvement allowance and landlord work letter.  Conduct site approval tours with leadership. Build site packages for all sites with an executed LOI and present site to real estate committee for REC 1 approval. Work with the landlord and cross functional team (Design, Construction, and 3rd party consultants) to complete comprehensive due diligence on REC1 approved sites. Resolve any open issues / questions in a timely manner to keep project on schedule for REC 2 approval. Work with outside counsel to successfully negotiate leases in an efficient and timely manner. Prepare and present key financial metrics (CapEx, CoC returns) to real estate committee for final REC2 approval. Monitor ongoing needs of existing restaurants providing real estate input where needed. Establish and manage broker relationships. 

TheQualifications:

4 years Real Estate site selection experience  Bachelor’s degree in business, Real Estate, or similar field  Ability to manage a high volume of projects at once  Highly motivated and organized  Strong interpersonal and networking skills  An eagerness to join a growing company, a desire to help build a brand

Physical Requirements:

· Ability to maintain stationary position to be able to operate acomputer and other office equipment

· Must be able to identify, analyze and assess details

· For certain positions, must be able to occasionally move ortransport items up to 50 pounds

· Ability to communicate with others and exchange informationaccurately and effectively

· Constantly positions self and move about to support ordinaryrestaurant or food production support or office operations, as applicable

· Ability to work in a constant state of alertness and in a safemanner


Whatwe offer:  

Competitive salary,plus bonus and long-term incentives* Early Wage Access Unlimited PTO, paidparental leave, plus paid opportunities to give back to the community Health, Dental, Vision, Telemedicine, Pet Insurance plus more 401k enrollment with CAVA contribution Company-paid STD, LTD, Life and AD&D coverage for salariedpositions* Free CAVA food Casual work environment The opportunity to be on the ground floor of a rapidly growingbrand All exempt and non exempt employees are eligible for benefits. Benefits are effective the 1st of the month following 30 days of service and you have until the day before the effective date to enroll. A new hire can enroll in our benefit program by selecting a link that is emailed directly to the new hire at their personal email address once hired.


*Indicates qualifying eligible positions only

CAVA– Joining “A culture, not a concept”


Asan equal opportunity employer, CAVA considers applicants for all positionswithout regard to race, color, sex, religion, national origin, disability, age,height, weight, marital status, sexual orientation, familial status, geneticinformation or any other characteristic or protected classes as defined byfederal, state, or local law.