Business Development Executive

Responsibilities:

1.Market Analysis: Conduct thorough market research to identify potential locations for new store expansion, considering factors such as demographics, competition, foot traffic, and consumer behavior.

2.Site Selection: Utilize market data and analytics to evaluate potential sites and make informed recommendations for store locations that align with our brand's target market and growth strategy.

3.Real Estate Negotiation: Negotiate favorable lease terms and agreements with property owners, landlords, and real estate brokers to secure prime retail spaces for new store openings.

4.Due Diligence: Conduct site visits and assess the suitability of potential locations based on factors such as visibility, accessibility, zoning regulations, and lease terms.

5.Financial Analysis: Develop financial models to evaluate the feasibility and profitability of potential store locations, considering factors such as rent, operating expenses, sales projections, and return on investment.

6.Relationship Building: Cultivate strong relationships with landlords, property owners, developers, and real estate professionals to source new opportunities and facilitate the store expansion process.

7.Project Management: Coordinate with cross-functional teams including operations, construction, legal, and finance to ensure smooth execution of store expansion projects from site selection to store opening.

8. Reporting: Prepare regular reports and presentations to update senior management on store expansion progress, market trends, and real estate opportunities.

Qualifications:

• Bachelor's degree in Business Administration / MBA.
• Minimum of 2 years of experience in retail store expansion and real estate acquisition, preferably F&B, Cosmetics , Beauty, Wellness , Pharma & Retail.
• Strong understanding of retail market dynamics, real estate principles, and site selection criteria.
• Proven track record of successful lease negotiations and property acquisitions.
• Excellent analytical skills with the ability to interpret market data and financial metrics.
• Exceptional communication, negotiation, and interpersonal skills.
• Ability to work independently, prioritize tasks, and meet tight deadlines in a fast-paced environment.
• Proficiency in Microsoft Excel, PowerPoint, and real estate software/tools.
• Willingness to travel as needed for site visits and market research.