
Asst Manager
22 hours ago
Job Description:
1. Market Research & Scouting
- Conduct thorough market research to identify high-potential geographies and trade areas for retail expansion.
- Scout and evaluate prospective retail properties based on footfall, catchment demographics, competition mapping, and accessibility.
- Maintain a pipeline of potential properties aligned with the company’s growth strategy.
- Track new developments, upcoming malls, high streets, and commercial complexes relevant to retail expansion.
2. Property Evaluation & Feasibility
- Assess properties on key metrics: visibility, size, frontage, rental cost, and customer accessibility.
- Conduct site surveys, trade area studies, and competitor benchmarking.
- Prepare feasibility reports, business cases for each shortlisted property.
- Collaborate with expansion, category and branding teams to evaluate property suitability and site executional work.
3. Negotiation & Acquisition
- Lead & collaborate to ensure end-to-end negotiations with landlords, developers, brokers, and real estate partners.
- Negotiate commercial terms including rent, deposit, lock-in, revenue share (if applicable), and other contractual clauses.
- Ensure cost optimization while securing prime locations for retail presence.
- Build and maintain strong relationships with landlords, property consultants, and developers for ongoing collaboration.
4. Documentation & Signing
- Coordinate with the legal team for drafting and vetting Letters of Intent (LOI), lease deeds, and other contractual documents.
- Ensure all documentation complies with company standards and local regulatory requirements.
- Drive timely closure of agreements to ensure smooth handover of properties for fit-outs.
5. Stakeholder Collaboration
- Work closely with operations, projects, design, and finance teams to align property acquisition with business requirements.
- Present property proposals, feasibility analysis, and financial implications to senior management for approval.
- Act as a liaison between landlords and internal teams during pre-opening activities.
6. Reporting & MIS
- Maintain accurate and updated MIS on scouting pipeline, deal status, and expansion progress.
- Track and report KPIs such as average rent per sq. ft., turnaround time from scouting to signing, and % of deals closed vs scouted.
- Provide regular updates to senior leadership on expansion pipeline and performance.
Required Skill Sets:
- Strong knowledge of retail real estate market dynamics.
- Excellent negotiation, persuasion, and deal-closing skills.
- Ability to analyze data, assess trade areas, and prepare feasibility studies.
- Strong networking with landlords, developers, IPCs (International Property Consultants), and brokers.
- Cross-functional collaboration and stakeholder management.
- High ownership, result orientation, and ability to work in a fast-paced environment.
Qualifications & Requirements:
- At least 1-2 yrs of experience of working in Retail vertical or have managed business - cum- operations of retail stores
- Overall 3-4 yrs of professional experience
- Should be open to travel to other cities and same city (completely field job - At least 4 days on field)
- Should have his own bike for daily travel / commute.
-Graduation
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