Job Details
Job Description
Key Responsibilities:
1) Strategic Planning
· Develop strategies for launching new F&B ventures, including market entry plans and feasibility studies.
· Define business objectives, target markets, and success metrics for new setups.
· Collaborate with the senior management team to align business development goals with organizational objectives.
· Identify opportunities for process improvements and implement solutions.
· Monitor industry trends and competitor activities to identify opportunities and threats.
2) Market Research & Analysis
· Perform comprehensive market research to identify trends, customer demands, and competitive gaps.
· Monitor industry developments and recommend strategies to capitalize on emerging opportunities.
· Analyze data to assess the feasibility and profitability of new ventures or initiatives.
· Monitor inventory levels, supplier/business partner’s performance, and necessary procurement processes to ensure cost efficiency and quality.
· Ensure equipment and facilities are maintained and functional to prevent disruptions.
3) Business Setup
· Lead the setup of new F&B outlets, including site selection, lease negotiations, and licensing (where applicable).
· Collaborate with design and operations teams to develop layouts, themes, and branding for new ventures.
· Oversee procurement of equipment, raw materials, and initial inventory for the business launch (where applicable).
4) Financial Oversight
· Develop budgets and financial projections for new ventures/partnerships.
· Monitor expenditures during the setup phase to ensure cost control and profitability.
· Monitor financial performance, analyze variances, and take corrective actions to achieve financial targets.
5) Team Leadership
· Set performance goals, provide coaching, and conduct regular evaluations to drive team success.
· Foster a collaborative and innovative culture within the team.
6) Revenue Growth
· Develop and implement initiatives to boost sales, enhance brand visibility, and attract new customers.
· Collaborate with the marketing teams to design campaigns and promotional strategies.
· Monitor financial performance and adjust strategies to meet revenue and profitability targets.
7) Compliance & Quality Control (Suppliers/Business Partners)
· Ensure compliance with all relevant laws, regulations, and company policies, including food safety, hygiene, health regulations, and safety standards.
· Implement and monitor quality control measures to ensure consistency and excellence.
· Maintain and update documentation for regulatory inspections and audits.
You should have:
● Bachelor’s degree in Business Administration, Business Development, or a related field.
● Minimum of 5 to 8 years of experience in business development, with at least 3 years in a leadership role within the F&B industry.
● Proven track record of driving business growth and achieving sales targets.
● Strong negotiation, communication, and interpersonal skills.
● Deep understanding of the F&B market, consumer behavior, and industry trends.
● Strategic thinker with excellent problem-solving and decision-making abilities.
● Strong leadership and team management skills, with the ability to motivate and develop high-performing teams.
● Strong analytical skills with the ability to interpret data and make informed operational decisions.
● Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
● Solid understanding of financial management as it relates to operations, including budgeting, cost control, and profit margin management.
● Ability to travel frequently to different regional locations as required.
● Flexibility to work irregular hours, including weekends and holidays, depending on operational needs.
● Strong commitment to quality and operational excellence, with a focus on achieving results and meeting KPIs.