Store Development Manager

At Caribou Coffee we create day-making experiences that spark a chain reaction of GOOD! This is our purpose. Our team brings this to life by focusing on what s really important - TEAM, GUEST, BUSINESS! It s that simple. If you re ready to work somewhere you can be yourself while making an impact on your community, creating life-long relationships, and serving the best coffee around, join our herd! Apply today and be part of the Bou Crew! Position Overview: The Store (Coffeehouse) Development Manager is responsible for the end-to-end development of new Caribou Coffee locations, serving as the single point of accountability from site identification through store opening. This role owns the full lifecycle of each assigned project, including market strategy, site selection, deal negotiation, entitlements, design coordination, construction execution, and operational handoff, ensuring stores open on time, on budget, and aligned with brand and operational standards. Your expertise in research, analysis, and negotiation will be key to assessing opportunities for acquiring additional locations, land, or buildings and investigating potential property acquisitions or dispositions. You ll stay ahead of the curve by monitoring market trends and competitor activity, ensuring Caribou remains a strong presence in the industry. The Store Development Manager will also and negotiate purchase or leasing agreements. You will partner with cross functional teams, facilitating the smooth execution of real estate development projects and reporting on critical store development milestones and mitigating any risk of delivery. Core Responsibilities Real Estate Acquisition and Pipeline Development • Own assigned market pipelines and deliver approved sites through coffeehouse openings.Manage assigned territory market strategy and strategic growth plan by partnering with marketexperts and brokers to gain insights into current market conditions, trade area strengths andpotential challenges. • Secure alignment on market penetration plan and timing with senior management and RegionalDirectors of Store Operations. • Manages existing real estate portfolio in designated markets, negotiating new lease agreementsand renewals, which will include coordinating reinvestment matters with internal partners;negotiating new or enforcing lease terms; providing notice of landlord responsibilities. • Participate in the evaluation and assessment of new markets. • Lead site searches, recommendations, and selections for new or repositioned Caribou locations,aligning with site selection criteria and market strategy and supported by market researchanalysis. Carry approved sites through entitlement, construction, and opening. • Create real estate and market presentations for consideration, analysis, or project approval.Materials may include market maps, aerials, demographic studies, broker assessments, andmarket performance data. • Support real estate team in determining the economic viability of projects by inputting data intofinancial models to create new store financial reports. • Manage location analysis platforms to ensure accurate, up-to-date data and modeling for sales forecasting, analytics, and reporting. • • Conduct market research and demographic studies using internal and external systems for market entry analysis and store performance predictions. • Negotiate letter of intent terms and construction work letters with Legal, Design, Construction, Broker, and Developer teams. Relationship Management with Key Partners and Brokers • Own and actively manage end to end development schedules and deliverables, escalating missed dates or deliverable risks including but not limited to project entitlements, permits, and construction. • Generate and coordinate real estate development schedules and issues with stakeholders including developers, general contractors and internal construction and design teams. • Lead initiatives to integrate new processes, procedures, and technologies, supporting new store growth efforts and enhancing data accuracy and reporting. • Quarterback cross functional teams to ensure timely completion of all development milestones, driving the store project development schedule, including legal, entitlement, signage, and project schedule exhibits. • Champion cross-functional relationships to ensure collaboration and partnership across multiple departments and channels. Skills: • Brings our Core Values to life in all that you do: Support One Another, Make Fun Happen, Be Yourself, Take Ownership, Serve with Love • Ability to prioritize effectively in a fast-paced and sometimes ambiguous environment. • Proven strong track-record in relationship building. • Goal-oriented and creatively driven. • Ability to manage stakeholder expectations and execute appropriately. • Excellent initiative as a self-starter; possesses the ability to bring opportunities to life. • Excellent organizational skills. • Demonstrates the abil...