The title Dallas Restaurant Broker Dominique Maddox is a title I’m still getting used to hearing. I relocated from Atlanta, Georgia, to Dallas, Texas, in August 2021 to expand my Restaurant Brokerage firm.
My story starts in Anchorage, Alaska, where I lived from 1981-2000; I received a football scholarship to attend Morehouse College in Atlanta, GA. After high school, I actually thought about attending culinary arts school to become a chef. My ambitions of a culinary arts career ended when I visited Atlanta, Georgia, on my football recruiting trip to Morehouse; I knew Morehouse was for me.
My life is full of examples of my ambitions and goals of always “betting on myself.” I left Corporate America in 2008 to go full-time in Real Estate. Well, I couldn’t have chosen a worse time to get introduced to residential home sales.
During this time, homes in Atlanta, Georgia, were selling for unbelievable discount prices; I would always get the investors looking for homes in the price range of $10,000-$100,000. The first home I sold in Atlanta was for $10,000 in an area that sells for over $200,000 today’s market.
I always had dreams of getting into Commercial Real Estate. My life changed in September 2010; I received a random email asking if I ever thought about being a Business Intermediary and selling restaurants?
Well, I had never thought about selling a restaurant, but I was very interested in the opportunity. My interview was a couple days later, and the next thing I knew, I was a Restaurant Broker.
I worked with the Nation’s Largest Restaurant Brokerage firm for 7 years, ranging from Restaurant Broker to Sales Development Manager. I began to notice I had reached a glass ceiling with the opportunity and wanted change.
I opened EATS Restaurant Brokers in October 2019 in Atlanta to bring a new flavor to the Restaurant Brokerage Industry and bring diversity. I decided to change the company name to EATS Broker in December 2021.
Dallas Restaurant Broker Dominique Maddox biggest lessons:
- Selling a restaurant is like a combat sport; the Restaurant Broker has to contact buyers. It’s game day when it comes to selling the restaurant to a new buyer on the phone or by email.
- Only 30%-40% of restaurants listed for sale will actually be sold, and only 2% of buyers on the market looking for a restaurant to buy will actually buy.
- The platform of owning EATS Broker has given me a purpose to help people realize the American Dream of owning a restaurant or selling a restaurant.
I have also been blessed and humbled by the people that have reached out to me for guidance on selling a restaurant, buying a restaurant, or leasing a restaurant.
To learn more about EATS Broker consulting services or to receive a complimentary restaurant valuation, contact Dallas Restaurant Broker Dominique Maddox at 404-993-4448 or by email at [email protected]. Visit our website at www.EATSbroker.com.
