Recipe Unlimited Corporation is Canada’s leading full service restaurant company. Home to such iconic brands as Swiss Chalet, Harvey’s, St.Hubert, Montana’s, Olive Garden Canada, Bier Markt, East Side Mario’s, The Landing Restaurant Group, New York Fries, The Pickle Barrel & Catering, State & Main, Elephant and Castle, Original Joe’s, Fresh Kitchen + Juice Bar, The Burger’s Priest, Blanco Cantina and Anejo. With this diverse portfolio of restaurants our Home Office Teammates have the opportunity to work on a wide variety of some of the most popular, well-loved brands in Canada. Variety isn’t the only thing we offer – we are passionate about our industry, we celebrate and support diversity of thought, we are innately curious and encourage our Teammates to take ownership. Above all else, we believe in doing the right thing for our people, our communities and our planet.
As the Portfolio Management Manager, you will participate in the development of, and then implement site specific plans for renewal of leases for assigned RECIPE brands. You will assist in the implementation of plans for the management of redundant leased locations and the sale of RECIPE-owned real estate.
What you will do in this role:
Lease Renewals 75%
Track upcoming lease expiry and notice dates (at least 4 years out)
Solicit input from Real Estate, Franchising and the Brand(s) re plan to renew/relocate/close
Negotiate business terms of lease renewals
Keep franchisees informed and involved throughout the renewal process
Management of Redundant Leased Locations 15%
Assist Brand in assessing closure
Manage landlord communication
Manage process of negotiating buy-out with landlord or sourcing and negotiating deal with subtenant
Disposition of Recipe-Owned Real Estate 5%
Assist in the implementation of disposition plans for Cara-owned real estate by assisting in:
Sourcing purchasers from the real estate investment community
Negotiating purchase and sale agreements, lease-backs, and all related documents
Completing the transaction closing process
Special Projects 5%
Assist the Senior Portfolio Manager and the Vice President, Real Estate Portfolio Management with special projects, as needed
What we are looking for from you:
Solid understanding of Canadian commercial real estate market
Strong relationships with landlords
Excellent negotiation skills
Strong attention to detail
Strong understanding of lease language and how it can impact the business terms of deal
Excellent time management skills and ability to deal with multiple priorities
Proficiency in Google Suite or Microsoft Office especially spreadsheets, lease administration software
Some travel may be required
What’s in it for you?
Flexible/Hybrid work environment
You’d be joining a close-knit, innovative team of creative and energetic go-getters
You’d be a part of Canada’s largest full-service restaurant company that leads the industry in size and innovation
20% associate discount dining card and monthly dining allowance valid at participating Recipe brands
A welcoming, fun and safe work environment founded on respect
Career advancement opportunities with a company that owns some of Canada’s most iconic restaurant brands
Industry-leading benefits, wellness programs, and total rewards programs
Recipe is committed to providing a diverse, equitable and inclusive workplace. Celebrating people, being passionate and curious, owning it, and doing the right thing are the values that guide how we build our teams, support our franchisees and create a company that unlocks the full potential of everyone.
Recipe is dedicated to providing accommodations in accordance with applicable human rights and accommodation legislation. For individuals that require accommodations please contact recruit@recipeunlimited.com
