Velvet Taco is a temple to the liberated taco. It is a one-of-a-kind taco concept that serves premium food in a unique & funky fast-casual setting. Founded on the idea that tacos don’t have to be associated with Tex-Mex cuisine and can be made with the same care and premium quality ingredients as fine dining, Velvet Taco is where “anything goes meets the art of the possible.” Velvet Taco uses the freshest ingredients to offer a wide selection of tacos that explore the edge of multi- regional and multi-cultural boundaries, liberating tacos to a new level of sophistication and taste. Velvet Taco currently operates restaurants in Dallas, Fort Worth, Austin, Houston, and Chicago.
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Senior Manager of Real Estate

TX-Plano (Restaurant Support Office) | RSO | Full Time | RSO
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Job Description

JOB TITLE:  Sr. Manager, Real Estate                                                    Department:   Development

 

REPORTS TO:   Vice President of Development & Construction              LOCATION:   Plano, TX

GENERAL SUMMARY:

 

Velvet Taco has 20+ restaurants across multiple states, with plans to open 15+ per year over the next 5 years. We are looking for a Senior Manager of Real Estate to join our Tribe and lead a broad range of development initiatives.

 

The Senior Manager of Real Estate, reporting directly to the VP of Development & Construction, must Be Relentless in their pursuit of development solutions. They must display a Stand Together mentality, working with the broader group to gather feedback and adjust accordingly.  This position must move with a sense of urgency to improve the Velvet Taco’s position in development markets and the overall fast casual restaurant space.

 

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Position responsibilities include the following:

  • Collaborates with the VP of Development/Construction to execute the Velvet Taco development strategy and achieve company growth goals.
  • Participates in overarching development strategy discussions, providing insight on regional development plans and potential targets.
  • Provides a consistent and full development pipeline by working to identify sites, negotiating letters of intent, completing business pro-formas, understanding construction feasibility and communicating development timelines.
  • Prepares thorough real estate packages of our development opportunities to the Executive Team and Development Committee.
  • Leads the negotiation of leases, disputes, amendments, and extensions, with support from outside counsel.
  • Communicates and fosters relationships with brand vendors/partners, landlords, developers and local permitting agencies.
  • Identifies and analyzes development and zoning regulations related to proposed projects by outlining solutions, potential risks and the financial impact on projects and timelines.
  • Communicates effectively and actively internally with Operations, Training, Culinary Finance, IT & Marketing on key business points to foster buy-in for development and company goals.
  • Represents Velvet Taco, Inc. at development industry settings, meetings and events (zoning, ICSC, conventions)

QUALIFICATIONS:

  • BA or BS in Business, Real Estate Finance, or related field required
  • Must have 7+ years of real estate development experience in managing the full-cycle process of multi-unit development
  • Experience in ground lease/ground up development is preferred
  • Must have significant retail development experience within the restaurant/hospitality industries
  • Must have strong communication skills with the ability to successfully communicate to landlords, brokers, contractors, permitting jurisdictions, third party vendors, etc.
  •  Location: Position located in Velvet Taco Restaurant Support Office in Plano, TX
  •  Travel Requirements: Flexibility with work hours necessary with up to 50% of travel, as needed

Dallas – Fort Worth – Austin – Houston – San Antonio – Chicago – Atlanta – Charlotte

Velvet Taco is an Equal Opportunity Employer

Skills & Requirements Qualifications