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Sr. Dir- Leasing - Development

Company: Franchise World Headquarters, LLC
Location: Milford
Posted on: November 24, 2022

Job Description:

Sr. Dir- Leasing - Development

325 Sub Way, Milford, CT 06461, USA * Virtual

Req #475

Wednesday, November 9, 2022

We are Subway Headquarters! A dedicated team of professionals supporting thousands of franchisees around the globe.

Hungry for a fresh, new career? Look no further because one of the world's most iconic brands can help you get there. The Franchisor of Subway Restaurants, with 5 headquarters around the world, is adding to its talent pool.
Position Summary
The Sr. Director of Lease Administration leads a small, dedicated team that oversees all aspects of the Brand's leasehold portfolio globally (w/60+% of the footprint in North America) in assisting our franchisee real estate development and lease management process to create maximum value for the restaurant owner while managing risk for both the franchisee and Brand.
Responsibilitiesinclude, but are not limited to:

  • Manage new lease creation and renewal processes with either broker-led or internal teams
  • Develop and own the real estate strategy for franchisees and the processes within the Brand
  • Apply innovation and forward-thinking to keep the process simple (or make it so)
  • Manage all critical dependencies with other stakeholders.
  • Collaborate with and inspire internal and external stakeholders needed to modernize our approach
    • Internal:finance, legal, operations, development, etc.
    • External:small-unit owners, multi-unit owners, institutional investors, brokers, etc
    • Navigate complex leasing scenarios to mitigate risk and/or reposition or enhance the Brand's position.
    • Advise team on lease policy development and application across different stakeholder groups.
    • Translate and decipher lease programs with the finance and legal teams for proper accounting and risk mitigation.
    • Deliver new restaurant & existing location performance analysis in terms of real estate headwinds and tailwinds.
    • Spearhead initiatives to transition leasehold portfolio from head/tail model to franchisee direct lease with step-in rights for the Brand.
    • Manage lease impacts for any coordinated restaurant remodeling programs across Finance, Operations and Development.
    • Adapt to an ever-changing market landscape. Thinking one step ahead, and willing to test new channels & technologies as retail/consumer behavior evolves.
    • Consider real estate market trends, competitive landscape, consumer behavior and trends to conduct quantitative / qualitative analysis and ensure we are incorporating the right real estate strategy into our operational plansA typical day might Include:
      • Building & maintaining relationships with franchisees, field management teams (BDAs in Subway lingo), vendors, agencies, brokers, and internal teams.
      • Analyzing field data from top to bottomperforming restaurants from a real estate effectiveness POV, including sales, profits, demographics, location, and competitor data then identifying trends and drawing conclusions.
      • Investigating and manage real estate and leasing opportunities for partnershipprograms with the likes of Wal-Mart, Circle K and others across the globe.
      • Developing team members to stretch their thinking to find new ways of creating value through real estate and leasing strategy for our franchisees.Skill and abilities required
        • Must be a creative analytical thinker and thrive in a fast-paced environment, prioritize, and oversee multiple simultaneous projects, and work well with cross functional teams.
          • 10+ years of experience in real estate andleasing portfolio management.
          • 10+ years of experience in QSR or Fast-Casual restaurant operations, real estate/leasing or other relevant area of the industry.
          • Track record of managing within a complex franchise environment with 1,000's of franchisees.
          • Ability to simplify complex situations and subjects into easy-to-understandconcepts and action items.
          • Bachelor's or advanced degree (preferred).
          • International experience a plus!
          • Deep engagement competency and ability to work with multiple, disparate stakeholders to achieve the best outcome that balances both the needs of the franchise community and the franchisor.The Company is only considering applicants who are currently authorized to work in the U.S.AA/EOE/M/F/D/V

            The Company is only considering applicants who are currently authorized to work in the country the position is based.


            Other details

            Job Family

            Leasing - Dev

            Pay Type


            Employment Indicator


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            • 325 Sub Way, Milford, CT 06461, USA

            • Virtual

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Keywords: Franchise World Headquarters, LLC, Milford , Sr. Dir- Leasing - Development, Other , Milford, Connecticut

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