Sunda - Chicago, IL
posted 2 months ago
The Director of Development (DOD) will lead a best-in-class development function at Sunda LLC, overseeing a range of responsibilities that are critical to the company's growth and success. This role requires a collaborative approach, working closely with both internal and external financial resources to complete financial models, including individual ROI and IRR models, and to engage in overall capital planning for multi-year development projects. The DOD will also be responsible for conducting market analysis, site search and selection, and negotiating business terms and lease agreements in conjunction with external legal resources. In addition to financial oversight, the DOD will manage buildout cost projections based on historical results and real-time market research. Quality control is paramount, as the DOD will oversee project punch lists, conduct six-month check-ups, and ensure compliance with warranty visits on all work. The role demands a high level of organization and the ability to manage multiple projects simultaneously, reflecting the fast-paced and diverse nature of a startup environment. The DOD will also implement quality control and compliance measures to maintain the highest level of service, customer satisfaction, and positive vendor relations. This includes overseeing internal insurance programs and vendor insurance, as well as evaluating and analyzing food and beverage performance on a quarterly basis to ensure operational excellence. The DOD will work closely with the CEO and executive team to plan, budget, analyze, and execute the company's business growth development plan, leading the growth development plan from market analysis and site selection to pro forma and groundbreaking. The DOD will be expected to enhance revenue through menu development, pricing strategies, and marketing techniques, while also fostering relationships with investors to support the company's financial goals. The position requires a commitment to delivering new projects on time and on budget, with a focus on achieving expected sales projections. The DOD will oversee a complex real estate portfolio, aiming to deliver two to three new sites annually while managing ongoing oversight of all real estate assets. This role may require travel to various company locations, construction sites, or potential real estate acquisitions, emphasizing the need for flexibility and adaptability in a dynamic work environment.