Experience

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  Barakat restaurant group inc

  Jan 1983 - Jun 2017

  Ceo and owner

  Developed 9 unique dining concepts over 17 locationsManaged all lease negotiations including TI allowance, options, renewals, transfers as well as early termination of guaranteesLed concept development including name, logo, menu, and architectureFacilitated construction, hiring, training, marketing, operations, quality control, labor and COG management, monthly and quarterly P&L’s, annual forecasting Trained and developed over 50 employees, providing a work life balance and positive culture resulting in staff turnover of less than one employee per year. Show less

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  Self-employed

  Jan 2005 - Jan 2009

  Real estate developer

  While managing multiple restaurant outlets, began investing in the real estate market in 2005Completed six purchases and sales of distressed properties from 2005 to 2006 In 2007, developed short plats in multi family zoning, creating single family homes valued at 1.6 to 2.2 millionManaged multiple construction projects managing loans, architectural design, soil engineering, excavation, topographic evaluation surveys architects, civil engineering permits, contractors agreements, managing schedule and controlling costsSuccessfully navigated consequences of the historic 2008 real estate crash as 4 projects approached completion, negotiating liens to avoid insolvency ~Faced nearly two million dollars in bank debts and over half million to sub-contractors and credit cards in an eviscerated market~Effectively negotiated each entity through short sell~Negotiated credit card obligations to an average of 25 cents on the dollar, subcontractors and suppliers to an average of 33 cents on the dollar Show less

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  Barakat homes

  Jan 2017 - now

  Ceo and owner

  Sought out land for luxury home construction with a target home price of 1.7 to 2 millionDeveloped a bare land property of 50,000 sq ft in North Bend Subdivided 13,000 sq ft property in South Rose Hill, Kirkland for two custom homesOrchestrated project from clearing land run, soil engineering, septic tank, septic field storm water field, soil engineering, permitsAdapted to challenges brought by the Covid-19 pandemic including its affect to supply, and followed strict social distancing requirements on the construction sitesUpon completion, sold first home in 6 days with an escalation of over 125K Show less