Page 18 - Popeyes_RFP

DEVELOPMENT PROCESS
GEMCAP RESPONSIBILITIES
1. SITE IDENTIFICATION
∙ Locate the brokers that are motivated and able to identify the best on/off market locations
∙ Determine best possible options within the market
3. ACQUISITION
∙ Set expectations with seller for
examination & entitlement periods
∙ Closing only requires document completion, no banks involved
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2. INITIAL EVALUATION
∙ Site layout & high level regulatory
review of selected site
∙ General design
∙ Permitting & construction schedule
∙ Initial budget
∙ Purchase price parameters
∙ Lease rate & project delivery terms
4. LEASE
∙ Final lease addresses the items and timelines that are important to your business
∙ Provide market/property data in appropriate format for easy evaluation by Real Estate Committee