Key Responsibilities
Conducting Market research and Feasibility study
- Collaborate with management, CEO, CFO, Finance Manager, and other key stakeholders to define the expansion plan. This includes determining the number of premises, budgeting for expansion, and identifying desired markets.
- Conduct thorough market research to assess demand for coworking spaces and private offices in identified markets. Analyse competitor presence, market saturation, and pricing strategies to recommend top markets for expansion.
- Carry out detailed feasibility studies for selected markets, including budgeting and considering inputs from relevant department heads (e.g., Marketing, Sales, HR). Incorporate management's feedback and finalize the market selection for expansion.
- Identify and visit potential locations within the selected market. Analyse each site and present the most ideal locations for discussion and final selection by management.
Lease Negotiation
- Engage in discussions with premise owners of the finalized location to negotiate lease terms, including rental charges, tenure, security deposits, etc. Ensure the agreement aligns with company objectives and legal requirements.
- Facilitate the signing of the lease agreement by management after thorough review and finalization of terms.
Interior Design and Space Planning
- Obtain quotes from multiple interior designers for the new premise. Schedule meetings with the management to review and discuss the quotes, focusing on the lowest bid.
- Collaborate with management and the selected interior designer to finalize the layout, design, and space planning for the new premise. Ensure that the design aligns with operational requirements and aesthetic preferences.
Drafting a Execution Planning for new premise SetupM
- Develop a comprehensive execution plan, including timelines, budgets for each expense category, and assignment of responsible persons for each task. Ensure the plan covers all stages of the new premise setup.
- Present the execution plan to management for review and approval. Incorporate any necessary changes based on feedback and finalize the plan.
- Conduct meetings with the CEO, CFO, and relevant managers to share the approved execution plan and ensure alignment across all teams involved in the new premise setup.
Reporting Requirements
- Provide ongoing updates to management, CEO, CFO, and other relevant stakeholders on the progress of market research, feasibility studies, site assessments, lease negotiations, interior design planning, and execution stages.
- Ensure that all aspects of the project stay within the approved budget. Monitor and report any deviations or required adjustments promptly.
- Address any issues or challenges that arise during the planning and execution phases, working closely with management to find effective solutions.
Required Experience
- Minimum of [10-12] years of experience in project management, market research for costing, or a related field, preferably within the real estate or coworking space industry.
- Strong analytical abilities to assess market demand, feasibility studies, and financial projections.
- Proven ability to negotiate lease agreements and contracts with vendors and premise owners.
- Experience in managing large-scale projects from conception to completion, including budgeting, timeline management, and cross-functional collaboration.
- Excellent interpersonal and communication skills, with the ability to coordinate effectively with senior management, external vendors, and internal teams.
