Property Acquisition Manager
‘Outstanding to Work For’ as accredited by Best Companies
Full-time hours, hybrid working (1-2 days a week in office)
£40k plus £6k car allowance plus bonus and benefits
Do you want to work for a fast-growing, expanding business, opening new bakeries in highstreets, shopping outlets and tourist hotspots across the country?
Are you excited by finding unique and interesting locations, working with agents and landlords, securing great deals on long term property leases?
Can you bring proven experience of acquiring new properties in retail, leisure or hospitality, along with managing lease events, rent and rates reviews?
If so, we want to hear from you!
This role will work across the UK proactively seeking new locations and properties to open our next Cornish Bakery. We have a proven track record in opening successful new bakeries and ambitious plans to accelerate our growth. We need an experienced Property Acquisitions Manager to lead that charge.
Here at the Cornish Bakery, we want to redefine what a bakery is, does and can be. At our heart we are for and about people, and a part of the local community. Our purpose is to nourish people. We are highly selective in the new locations we open and design each new bakery unique to its location.
About the role:
We’re looking for an experienced Property Acquisitions Manager (perhaps also known as an Acquisition Surveyor or Estates Manager) who has proven experience acquiring retail, leisure, hospitality or food-to-go locations.
You will be responsible for the acquisition strategy and delivering a pipeline of new location opportunities, as well as leading the commercial asset management of the existing property estate You will work closely with the Managing Director and Founder to consider new target locations, visit potential new properties to appraise their suitability, negotiate head of terms, prepare financial appraisal and present deals to the Board.
As Property Acquisition Manager, your key responsibilities will be to:
- Develop a property acquisition strategy identifying target locations that support Cornish Bakery’s long-term growth ambitions
- Maintain a rolling pipeline of target locations, opportunities and prospective sites, pipeline status, providing regular updates to the Board
- Develop and maintain strong relationships with landlords, property agents, developers and consultants to gain access to off-market deals
- Visit potential new properties to complete a detailed site appraisals
- Assess planning, licensing and development constraints
- Prepare financial appraisals, occupancy costs, trading expectations, projected returns for all proposed acquisitions
- Negotiate the heads of terms
- Work with the appointed legal team negotiating & completing the legal documents
- Review the performance of the existing estate and mange relocations, lease renewals, lease exits and rent reviews
- Identify opportunities within existing properties for extensions, format changes, relocations and redevelopment
- Manage the all parties involved in lease events to ensure that dates are adhered to in terms of notices for these expiries and break notices and maintaining a robust asset management schedule.
What we are looking for:
- A passion for Cornish Bakery purpose and values
- Proven experience acquiring retail, leisure, hospitality or food-to-go locations
- Deal doer with strong negotiation skills
- Commercially astute
- Experience negotiating heads of terms and commercial leases
- Strong financial and commercial appraisal skills
- Excellent communicator
- Full UK driving licence and able to travel 3-4 days a week
When you join the Cornish Bakery, you’ll benefit from;
- 50% discount on food and drink
- 33 days of holiday (including bank holidays)
- Pasty Perks – our bespoke reward system
- Access to our Hardship Fund
- Employer funded health and wellbeing services, with access to a 24/7 GP line
- Employee Assistance Programme and discounted gym memberships
- Employer funded healthcare cash plan, with money off optical and dental treatment
- Paid birthday day off
- Membership of the shareholder fund (service dependent)
- A competitive bonus scheme, based on results we achieve together
- Plus a few more!
Values
If you put people first, are good at what you do and thrive in a fast-paced empowering culture we’d love to hear from you.
All candidates must be eligible to live and work in the UK.
