Acquisition Manager/Senior Acquisition Manager
Beach Baker are delighted to be working with Loungers as retained advisors on a new and exciting opportunity within their in house property team. Loungers plc are an award-winning hospitality business, established in 2002, with annual net turnover of more than £200m with 195 sites across England and Wales
ABOUT LOUNGERS PLC Loungers operates two brands; Lounge which are café bars and Cosy
Club which are bar / restaurants. Lounges are predominantly located in market towns and the suburbs of major cities, whereas Cosy Clubs are found in city centres. Loungers are the fastest-growing all-day operator of scale in the UK and have consistently outperformed the wider UK hospitality sector over the past three years.
The group floated on the AIM stock exchange in April 2019 and currently have 195 sites spread across England and Wales and continue to expand at a rate of 25+ new sites
per/year.
THE LOUNGERS TEAM As the fastest growing and most successful café/restaurant group in the country, this is a great time to be joining a
business which has a real focus on people, development and being the very best in the sector. Loungers has retained its entrepreneurial spirit and each site as a real 'home from home' local community atmosphere and every Lounge is given a unique and individual name, often with reference to the history of the area. The
independent feel of each Lounge creates community engagement and customer loyalty across high streets throughout the country. Lounges and Cosy clubs trade from 9am until late, providing a genuine all day offer that appeals to a hugely broad
demographic, often changing throughout the day. The differentiation this provides has enabled the Group to deliver significant and consistent like-for-like sales out-performance.
PURPOSE OF THE ROLE Forming a key part of the acquisitions team, you will identify and acquire suitable
new sites that fit the acquisition strategy and continued growth of the business.
THIS ROLE WILL INVOLVE You will ensure the quality of the new sites enhances profitability, business performance and drives the growth of the company. You will ideally have an exceptional knowledge of both towns and cities
across the UK and be able to interpret and utilise market data to identify the very best locations for future Lounges and Cosy Clubs. You will take new site acquisitions through: site identification, negotiation, board approval, legals, planning, licensing and post exchange / completion phases; ensuring a thorough handover to the construction team.
You will possess strong communication and negotiation skills underpinned by excellent property knowledge and experience. You will be able to
communicate and influence with a wide variety of internal and external stakeholders and at all levels.
SKILLS AND QUALIFICATIONS • Excellent negotiating and influencing skills • Ideally MRICS qualified, with 2 + years' relevant experience • Extensive knowledge of the leisure/retail property market, with broad contact base • Thrives when delivering fast paced, high-quality acquisition programmes
• Proficient in managing a team of external property consultants
THE PACKAGE AND BENEFITS Competitive salary depending on experience, 25 days annual leave, discretionary bonus, attractive share
scheme, pension and employee discount. If you’re looking to advance your career and work with a fast paced and dynamic business then Loungers is the perfect professional home.
You’ll have the opportunity to directly contribute to the ongoing success and growth of the business, and you’ll be inspired by some of the best people in the sector as well as having some fun along the way.
CONTACT US
Rupert Stuart-Baker Managing Director Property - General Practice rupert@beachbaker.co.uk
07557 978 873
All direct and third party applications will be forwarded to Beach Baker Property Recruitment for review and not recognised as an introduction.