Vice President Franchise Development & Real Estate
Richmond, Bc, Ca
Reporting directly to the CEO as his second in command, I had the turnaround mandate of a privately owned medium sized franchise company with revenues of over $150M. My responsibilities spanned national operations, franchisee relations, investor relations, real estate and construction. • Led in store lease negotiations, sale and ultimate store opening or ownership transfer of over 23 stores. They included new stores, competitor conversions and corporate sales to Franchisees. This accomplishment represented a franchise historical record breaking number of transactions for Mr. Lube.• Supported the CEO in the day to day operations of the business which led to the achievement of industry leading Same Store Sales of 27%, doubled EBITDA and increased shareholder value by over $20 million in three years.• Executive Sponsor for Mr. Lube with Canadian Franchise Association, International Council of Shopping Centres, the Imperial Oil Real Estate Division, Royal Bank of Canada and the Bank of Montreal. • Rebuilt the national franchise development and real estate team by recruiting accomplished franchise development, real estate, leasing, franchise marketing directors and many other individual support roles to work together cohesively.• Authored the annual Business Plan.• Rebuilt the compensation plan for development, real estate and leasing.• Attracted new investors based partially on my reputation from a previous company.• Led in the selection of 16 new sites and negotiated the leases.• Successfully built and opened 16 new stores in 3 years.• Project managed the General Contractors responsible for building the stores.• Sold 5 Corporate Stores for 6 times earnings. (typically 3 to 4 times)• On-going property management of100 leases.