Acquisition Manager - Bristol

  • Job Reference: RSB/888767
  • Date Posted: 12 June 2022
  • Recruiter: Beach Baker
  • Location: Bristol
  • Salary: £40,000 to £50,000
  • Bonus/Benefits: Bonus + Benefits
  • Sector: General Practice
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

Acquisition Manager

£40k - £50k + Bonus + Benefits


Beach Baker are delighted to be working with Loungers as retained advisors on a new and exciting opportunity within their in house property team.

Having successfully provided a shortlist for the Senior Acquisition Manager position we are seeking applications for the Acquisition Manager position based in Bristol.

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 help identify and acquire suitable new sites that fit the acquisition strategy and continued growth of the business.

This role will involve

Working as part of a team you will ensure the quality of the new sites enhances profitability, business performance and drives the growth of the company.

You will ideally have some knowledge of both towns and cities across the UK and be able to, or willing to learn to interpret and utilise market data to identify the very best locations for future Lounges and Cosy Clubs.

With support, 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 good property knowledge and some experience.

You will be able to communicate and influence with a wide variety of internal and external stakeholders at all levels.

Skills and qualifications

Good negotiating and influencing skills

Ideally MRICS qualified, with 2-5 year's property experience.

An interest, or knowledge of the leisure/retail property market.

Thrives in a fast-paced environment.

Enjoys the challenge of working client-side and 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.

How to apply

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.

For further information and a copy of the candidate information pack, please contact our retained advisor at Beach Baker, Rupert Stuart-Baker at / 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.