Business Development Officer at Uncle Stan's Foods

JOB SUMMARY:

• We are looking to employ a driven and detail-oriented business development officer to identify business growth and expansion opportunities of our retail store to new locations. This role requires a strong understanding of market trends, location strategy, and operational feasibility, ensuring that all new store openings contribute to the company’s overall growth and profitability goals.

KEY RESPONSIBILITIES:

Market Research & Analysis:

• Analyzing customer feedback data to determine whether customers are satisfied with company products and services.
• Conduct in-depth market research to identify high-potential areas for new store locations.
• Analyze customer demographics, competitor presence, traffic patterns, and local trends to evaluate new markets.
• Monitor industry trends to ensure the company stays competitive in emerging areas.

Location Identification:

• Scout potential store locations that align with the company's brand and business model.
• Collaborate with real estate agents, landlords, and developers to identify prime retail spaces.
• Analyze the viability of potential sites, considering foot traffic, accessibility, visibility, and local competition.

Feasibility Studies:

• Perform cost-benefit analysis, including revenue projections, operating expenses, and ROI for each proposed location.
• Develop and present business cases to senior management, providing recommendations for store expansion decisions.

Partnership Development:

• Build and maintain relationships with local businesses, developers, and real estate agents to stay informed about upcoming opportunities.
• Negotiate lease agreements and terms with property owners, ensuring favorable conditions for the company.

Project Management:

• Oversee the end-to-end process of opening new stores, including planning, coordination with internal teams (such as marketing, operations, and legal), and managing timelines and budgets.
• Ensure compliance with local laws, zoning regulations, and company standards.

Financial Planning & Reporting:

• Develop budgets and forecasts for new store openings, including initial setup costs and expected revenue generation.
• Track and report the financial performance of newly opened stores to assess their contribution to the company’s growth.

Strategic Planning:

• Work closely with senior management to develop long-term expansion strategies aligned with the company’s overall goals.
• Recommend improvements to the store expansion process, focusing on scalability and efficiency.

Cross-functional Collaboration:

• Liaise with marketing, operations, and HR departments to ensure seamless store openings and effective staffing of new locations.
• Collaborate with legal teams to review contracts and ensure compliance with all regulatory requirements.

QUALIFICATIONS:

• Bachelor's degree in business management or administration, finance, accounting, marketing, or related field.
• Proven experience working as a business development officer or similar role.
• Strong understanding of market research and retail site selection strategies.
• Excellent negotiation and communication skills.
• Project management experience, with a focus on retail or food business expansion preferred.
• Analytical mindset with the ability to conduct financial analysis and feasibility studies.
• The ability to work in a fast-paced environment.
• Strong business acumen.
• Detail-oriented.