Vice President of Real Estate

Our Snooze Story At Snooze, we do breakfast but different.
From Benedicts to Bloodys, to whatever you’re feeling at the moment, we’re always looking to turn your experience upside down and on its side.
With every meal we serve, we’re dedicated to bettering both the communities we live in and the planet we live on.
With over $1M given back to our communities, 96% clean and responsibly sourced ingredients on our menu, and diverting as much waste as we can from our landfills, you can start your day knowing you’re responsible for making the world a bit brighter.
We are not just committed to our communities and our planet, we are equally committed to our people, or Snoozers as we call them! From the first step you take in our restaurants, we are committed to creating a safe, warm, welcoming, and transformative employment experience that allows you to bring out your best each and every day! We are an eclectic group of people from all walks of life and ultimately, we know that the same goes for our people as it does for our pancakes: they are so much better with passion, purpose, and pride! Will you join us? What does this role bring to the table? The Vice President of Real Estate will oversee and be responsible for all activities related to Snooze’s real estate strategy in existing and new markets, with the goal of reaching expected open restaurant counts each year.
The role will execute a thoughtful growth strategy using detailed analysis of market studies, predicted proformas, existing location operating results, and industry growth trends.
This role will also manage a large network of independent brokers, internal real estate managers, and contracted legal support to ensure effective operations and lease execution and management.
The Vice President of Real Estate will provide oversight and evaluation of the day-to-day performance and priorities of the full Real Estate Team and collaborate and partner with other departments to ensure overall company alignment of growth strategies.
Within the lens of a restaurant growth company, the Vice President of Real Estate plays a critical role in reaching Snooze’s overall potential in sharing our unrivaled breakfast experience with the world.
The Position specifics! Taking on the role of the Vice President of Real Estate isn’t just about bacon and pancakes.
The responsibilities of this position include: Under the direction of the Chief Executive Officer, the Vice President of Real Estate is responsible for setting new market strategies using highly detailed analysis and modeling.
Responsible for identifying, evaluating and negotiating contracts/leases for new restaurant locations.
Prepares all market studies, reviews and evaluates proforma P&L, as well as other detailed analysis, prepare site presentation packages, and prepare reports required to meet company standards.
Presents all sites for the board and Real Estate Committee approval.
Responsible for an in-house team of real estate managers managing a broker network throughout the country.
Negotiate real estate transactions with property owners and shopping center management companies involving the acquisition of property by easement, license, lease or fee to accommodate parking, access, circulation and restaurant expansion needs, if applicable.
Review and revise all documentation associated with each real estate transaction with outsourced legal counsel.
Partner with the Vice President of Development to monitor and track all restaurant builds allowing Snooze to hit yearly open targets.
Maintain current and thorough documentation detailing negotiations and conversations with regard to each individual transaction which may involve interaction with developer and landlord representatives, in-house counsel, and development, construction, and executive management personnel.
Actively participate in departmental meetings, industry meetings and related industry functions.
Provides communication and direction on department changes and leasing updates to all appropriate parties Sets annual real estate departmental goals, monitors progress and reports monthly Leads weekly team meetings and projects as necessary to achieve target open numbers and expansion priorities Participates in and supervises the recruiting, hiring and training of Real Estate Managers, contracted legal leasing support, all independent brokers in network and any all departmental needs.
Inspire, motivate, teach, guide and manage Snooze’s full Real Estate Team Collaborate with the CEO to manage and guide all departmental outcomes Additional roles and responsibilities required to meet the company’s goals and priorities The Bennie-Fits! Competitive Annual Snooze Incentive Bonus Program Equity grant based on a 5-year vesting schedule Competitive Health, Dental, Vision, Pet and Accident Insurance Plans with employer contribution Employer Paid Short Term Disability and Life insurance benefits 401k/Roth 401k Plans • Snooze Work Hard, Play Hard Days (Unlimited Time off Program) Five (5) paid sick days within a calendar year Paid Holidays (Mothership Holiday Schedule), Birthday and Snooze Anniversary Date • Snooze Cell Phone and Internet Reimbursements Snooze Meal Benefits for Yummy Snooze Food • Other benefits including field trips, community engagement, and personal and professional growth Is this role the right fit for you? If this is the right role for you, you must possess the following skillsets: An entrepreneurial spirit! A working knowledge of construction budgeting, project management and permitting Experience with contract/lease negotiating.
Solid real estate background, with an understanding of property value parameters, and operational aspects of the restaurant/hospitality industry.
Excellent presentation skills; development of presentation content and delivery in front of a mixed audience Acts with the highest degree of integrity Good judgment with the ability to make timely and sound decisions Excellent organizational and time management skills Ability to communicate and understand the predominant language(s) of the restaurant’s trading areas Strong relationship-building skills and able to communicate effectively with all levels at Snooze Demonstrated ability to manage a project to provide deliverables within a specified timeframe Ability to multi-task and prioritize to manage a heavy workload Excellent problem-solving, analytical perspective and strategic decision-making skills.
Strategic leadership skills, in addition to a hands-on approach to getting the job done A positive and upbeat attitude – always Ability to have fun, dance, and laugh under/during stressful situations (yes, seriously) Let’s talk prerequisites! (Education, credentials, and experience) Bachelor’s Degree required, Master’s degree preferred.
Minimum of 10 years of experience in restaurant and/or hospitality-related real estate development, acquisition and leasing Bachelor’s Degree or above in Real Estate Management, Leasing, or a construction-related discipline (or other relevant certifications) 5+ years experience leading large store/restaurant expansion strategies in existing and new markets.
Must be authorized to work in the United States Let’s get physical! (additional requirements) Must have the stamina to work 45 to 55 hours per week The travel required for this position is approximately 55-65% and you must be able to travel for up to 5 days at one time (air, car, bus.
Train, and weekend travel all required) Home base is in Denver, CO at the Snooze Mothership (Relocation and Remote Hybrid Options available) The Nitty Gritty Details Denver area base salary range: $170,000-190,000 per year The base salary range below represents the low and high end of the Snooze salary range for this position.
Actual salaries will vary and may be above or below the range based on various factors including but not limited to experience, education, training, location, merit system, quantity or quality of production, responsibilities, and regular and/or necessary travel.
The range listed is just one component of Snooze’s total compensation package for employees.
At Snooze, we encourage Snoozers and Guests to show up as their true, authentic selves – because everyone has a seat at our table.
We celebrate individuality and encourage our Snoozers to be their best selves every day.
As a result, Snooze is proud to be an Equal Opportunity Employer.
In accordance with applicable federal, state, and local laws, it is the policy of Snooze to recognize the essential rights of all applicants and Snoozers as individuals and to recruit, hire and promote the best-qualified person to do a particular job without regard to race, religion, sex, age, disability, national origin, or other protected classes.
Our only consideration in selecting a person for a job is the person’s ability to perform the job in question.
The physical demands described are representative of those that must be met by a Snoozer to successfully perform the essential functions of the job.
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
This document does not create an employment contract, implied or otherwise, other than an “at will” relationship! This description is proprietary and confidential to Snooze HoldCo Inc.
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