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Ace Hardware Corporation seeks a New Business Market Development Manager for Georgia and Tennessee to expand Ace’s store network and market share. You’ll recruit and evaluate candidates, develop business plans, and work with retailers, investors, and lenders to convert opportunities into openings.
Responsibilities include forecasting, site audits, proforma creation, LOI handling, securing financing, and guiding the Ace membership application through SOPs.
The New Business Market Development Manager (MDM) for GA & TN manages the business development process in their respective region of the country. The goal of which is to efficiently and systematically increase Ace’s market share via our new store growth strategy.
Recruit, educate, and motivate potential candidates. This includes sales, the development of a business plan and consulting with existing Ace retailers, new investors and competitor conversion or acquisition candidates. It is the ability and accountability to determine when to say ‘yes’ and (equally important) when to say ‘no’. The MDM is the front line accountability on determining prospect business acumen, character, competence, and financial wherewithal, and finalizing and/or closing the opportunity. Execute the technical operating procedures from Interest-to-Application. As the expert in the field, they are responsible for everything from demographic work, trade potential, sales forecasting, site audit, and the expansion area notification process, creating the proforma and securing approval from all stakeholders, executing the letter of intent (LOI), assisting with securing financing, and completion of the Ace membership application following the Standard Operating Procedures. “Develop the market”. This position is required to pursue every opportunity in a market as it relates to potential candidates (new investors, existing Ace retailers, conversion prospects or acquisitions), open markets, real estate site possibilities, lender relationships, broker relationships and public relations. The MDM is the lead on creating momentum in a market through the combination of their market diligence and their Ace advocacy with these various stakeholders.
Minimum of 5 years of experience in retailing, franchising, real estate or market development work. College Degree in business preferred but not required. Ability to develop, secure, and close a new store and/or conversion opportunity. Strong negotiation skills. Strong presentation skills to a variety of ‘audiences’ – including wealthy investors, real estate brokers, lenders and existing Ace retailers. Interpersonal ability to create trust, respect and understanding. Business Acumen – understand the economics of business and retailing (Ability to interpret Business Financials). Understanding of the lease negotiation process. Strong grasp of capitalization and financing opportunities, methods and processes. Understanding of the balance between the benefit of store density and cannibalization and the resultant ramifications of these on the Ace brand. Franchise intelligence – understanding of our “franchise” competitors and how to uniquely position Ace against these other investment choices. Ability to create strong, respected coalitions with Retail Operations including the Director, Regional Manager, Project Manager, and District Manager. This position requires driving a company vehicle and meeting company motor vehicle and insurance eligibility requirements. You must have a valid U.S. driver’s license for at least three (3) continuous years immediately preceding today’s date. Proficient in MS Office (Word, Excel, PowerPoint, Outlook). Ability to work flexible hours and extensive travel overnight (3-4 days/week) #LI-JW1
$103000 - $128600 Per Year
We live our values - W.E.L.I.G.H.T (Winning, Excellence, Love, Integrity, Gratitude, Humility, and Teamwork). Gratitude. Humility. Love. You don’t often see values like these in most corporate statements, but Ace is different. These things are important to us. They represent our commitment to the company, our employees, to Ace retailers and to the Ace brand.
Ace Hardware Corporation is committed to a policy of promoting equal employment opportunities. The company recognizes the importance of diversity and leveraging the skills and talents of all people to the mutual advantage of each individual and the organization. The company is committed to the prevention of employment discrimination related to race, religion, color, sex (including sexual harassment), gender identity, national origin, age, marital status, disability and military or veteran status, sexual orientation or any other action covered by federal or applicable state/local laws.
The pay range for this position starts as listed in the job posting, but could be higher based on education and experience. Please note, compensation decisions are dependent on the facts and circumstances of each opening. This written “Position Description” is not intended to cover all aspects of the position listed. It is meant to cover the basic/general essential job functions of a particular position. Ace Hardware Corporation reserves the right to change job duties, including essential job functions, according to business necessity. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Ace Hardware is the largest retailer-owned hardware cooperative in the world with over 5,800 locally owned and operated hardware stores in approximately 60 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; and Cuautitlán Izcalli, Mexico. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.