Strategy & Operations Manager, Real Estate
San Francisco /
Strategy & Operations /
Local Kitchens helps the best local restaurants expand to new cities with our network of micro food halls. We are helping the $900bn restaurant industry go digital while bringing high-quality food options to families in every neighborhood. Today, we are operating in the SF Bay Area and rapidly expanding throughout California in 2022.
Our team was on the founding team at DoorDash and we are well-capitalized by tier 1 venture capital investors and angels like David Novak (CEO/Founder of Yum Brands), Tony Xu (CEO of Doordash), and Jack Dorsey (CEO of Square/Twitter). Read more about us in QSR Magazine, QSR Web, and in the SF Business Times.
About the Role:
We are seeking an analytical generalist as a first Real Estate Strategy & Operations hire to accelerate kitchen development. You will partner with our experienced Real Estate dealmakers and Construction & Design team to analyze site opportunities and terms, optimize team process, and drive rapid development with strong unit economics. No real estate experience required. This is a perfect role for a former mid-level analyst to work strategically and become a real estate expert, while working in the launch critical path at a hyper growth startup.
- Own the scorecard and pro forma site financial model; set targets for LOI and lease terms
- Collect market and guest data and analyze e.g. residents per fast casual, demographics, site traffic
- Own pipeline tracking and make the development process more efficient and scalable e.g. Airtable
- Generate top of funnel opportunities through marketing and collateral + outbound
- Own reporting of development team KPIs and dashboards; surface insights to exec and Real Estate/Construction & Design team
- Partner closely with Finance to support financial planning and projections
- 2-3+ years in consulting / banking / strategy & operations
- Ideally have high growth startup experience
- Strong analytical skills; advanced Excel modeling and data analysis
- Entrepreneurial and effective; use your analysis to generate site opportunities and improve process
- Very organized, attentive to detail with strong written communication
- Strategic thinking, understanding of how real estate levers will impact overall business growth and profitability
- Guest empathy; ultimately choosing the best sites for serving the local community
Nice to Have:
- SQL and Mode
- Commercial real estate knowledge
- Guest love: Local Kitchens exists to make guests happy. We start with “what would the guest want?” and work backwards. Support Center works to serve our kitchen teams, so that they can take care of our guests.
- First principles thinking: We keep asking “why” like a 4-year old and never accept the status quo. We are truth seekers. We reason from fundamental truths in order to invent new ways to delight guests.
- Operate at the lowest level of detail: We solve problems at the lowest level of detail e.g. by going to the kitchen. We measure everything and win arguments with data. We don’t use sloppy thinking.
- Relentless: We outwork everyone, it’s our most controllable competitive advantage. We don’t get knocked down when things are tough.
- Drive for excellence: We are intrinsically motivated and strive to get 1% better every day.
- No job beneath you: We do whatever is needed to help the team win. We don’t understand the words “that’s not my job”. We always wash the dishes.
- Play with joy: We bring joy to work every day. We support each other with contagious energy and optimism. We choose to have fun even when it feels like a grind.
This is an opportunity of a lifetime! Local Food Group is being built by some of the best in the world including the first few employees at DoorDash and Momofuku. We are backed by some of the best investors in the world. We have set out to work as hard as humanly possible, to work as a team and to serve local communities with the best selection and the best employment opportunities. If you're someone who is looking for a career defining opportunity, someone who is willing to grind it out day after day, someone who has enthusiasm for guests and partners - we want to hear from you.