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Real Estate Manager at Kiddie Academy

Posted in Real Estate 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Abingdon, Maryland





Job Description:

JOB SUMMARY:  REAL ESTATE MANAGER

Kiddie Academy® Educational Child Care has been preparing young minds for future success since its founding in 1981. With more than 245 independently owned franchises throughout the United States, Kiddie Academy provides quality educational child care for children ages 6 weeks to 12 years. Kiddie Academy was ranked #7 on the 2019 Forbes list of Best Franchises to Buy. In 2018, Kiddie Academy was recognized as one of the fastest- and smartest-growing franchise companies in the nation by Entrepreneur and Franchise Time magazines. Locally, we were ranked by the Baltimore Business Journal as #18 on its list of Top 100 Private Companies and #28 on its list of the Top 50 Fastest-Growing Private Companies in Greater Baltimore

 To support continued growth and expansion plans, Kiddie Academy is seeking a dynamic Real Estate Manager. This position is responsible for assisting franchisees with securing real estate using a lease or purchase and sale agreement (“PSA”) for the operation of the franchisee’s Academy and reports directly to the Vice President of Real Estate Development. This position may be considered as a remote opportunity.

ESSENTIAL FUNCTIONS


  • Assist franchisees/franchise applicants in developing a site selection strategy

  • Refer (upon franchisee’s request) and work with real estate brokers

  • Provide guidance on site selection guidelines

  • Screen all potential sites for viability

  • Conduct market research on potential sites

  • In-market tours of potential sites with the franchisees

  • Perform internal analysis on all qualified sites

  • Create internal-only pro-forma business model for potential sites

  • Assist in the negotiation of business terms to lease or purchase potential sites utilizing a letter of intent

  • Provide support during lease or PSA negotiations

  • Prepare site evaluation packages and present site for acceptance to the Site Acceptance Committee

  • Update and maintain internal business systems related to site selection functions

QUALIFICATIONS


  • Thorough understanding of and experience with commercial real estate leases and contracts, the child care industry, and translating it into quality locations

  • Ability to network with real estate brokers and developers

  • Ability to negotiate business terms of a lease or PSA   

  • Familiarity with tenant improvements and how it relates to the business terms of a commercial lease 

  • Excellent communication skills

  • Ability to utilize the latest business software regarding site selection, demographics, mapping and Microsoft Office

  • Ability to be persuasive and aggressive with franchisees, landlords and brokers to drive deals

  • Ability to travel 20 - 25%

Please be aware that this position is not a property management role.