The Next Chapter: Retired NBA player Mark Blount reinvented himself as a real estate investor
From Auntie Anne’s to housing, the former center created a life after basketball
After spending 10 years in the NBA as one of the league’s most dependable centers, Mark Blount retired in 2010 and knew it was time to start making moves.
With Palm Beach Gardens, Florida, as his backdrop, Blount opted to spread his wings in two different endeavors: food franchises and real estate.
Blount found a block of property sorely in need of renovation and decided to invest. He participated in rehabbing 14 units, completing the process in about a year.
“I owned quite a bit of real estate in Palm Beach Gardens — seven buildings. I went in there with a friend of mine. We renovated them, all the units there, and brought them back up to, back then it was 2012 code: new bathrooms, new floors, new kitchens and all that stuff,” he said.
Blount then joined the soft-pretzel franchise Auntie Anne’s. He opened two stores in West Palm Beach and one in Jensen Beach, Florida. After building and operating the franchises for four years, he sold the stores to focus on real estate. He purchased them for a little under $700,000 and sold them for about $2m.
“The restaurant business was a learning curve for me, but the real estate is a passion for me,” Blount said.
Blount spends his days researching and meeting with sellers and agencies about new real estate investment opportunities. He lives in Fort Lauderdale and his philanthropic efforts are focused on Palm Beach Gardens, including donating turkeys to those in need throughout the Thanksgiving and Christmas holidays and contributing to local churches and Toys for Tots.
The Yonkers, New York, native grew up a Knicks fan and was inspired by players such as John Starks and Charles Smith. He played collegiate basketball at the University of Pittsburgh before being drafted 54th overall in 1997 by the Seattle SuperSonics. Blount spent three seasons in the minor leagues, including the International Basketball League, Continental Basketball Association and North American Premier Basketball. He signed with the Celtics as a free agent on Aug. 1, 2000. That season he led the team with 76 blocks, the most by a Celtics rookie since Kevin McHale in 1980–81.
He also played with the Denver Nuggets, Minnesota Timberwolves and Miami Heat. He used his toughness on the court to guide his way into the business world.
“That’s why we see a lot of retired guys have a hard time trying to find something that they’re passionate about to do because [they don’t have] the energy and the passion, the focus that needs to be displayed every night. So you’re like, ‘What do I do now?’ ”
How did you cultivate your toughness?
I just had an attitude about everything. And growing up in Yonkers, I had to be tough there. I just approached everything with a straight attitude. I just thought whoever I was going against, it was just a battle.
Was the NBA a dream of yours?
Yes. Yes, it was. Getting drafted in the second round and then not playing with Seattle, then spending a couple years in the not so minor league, then being able to make it onto summer league team and having Boston sign in to a one-year deal was [the culmination of] my dream, so I didn’t back down. I just kept fighting and kept trying to reach my dream. I spent, I think it was sum of three years in the minors before I made it.
What has been the hardest part of your journey?
Trying to get to the university and then trying to get to the NBA and then doing those things and then being able to do a couple of businesses, it’s always a fight, always a struggle. There’s always a learning curve. … I’m real patient about what I need to do and learning about it, and once I understand it then I’m able to pursue it.
What’s the best piece of advice you’ve ever received?
I was in Boston … talking to a gentleman about the restaurant, and he’s like, ‘If you’re ever going to do a business, make sure you’re there to run it every day.’ I’ve taken that to heart over the last few years I’ve been in business.
How did you make that switch to franchise owner, and why did you choose Auntie Anne’s?
I was actually in bed with Auntie Anne’s and Cinnabon; I ran four restaurants at one time. Don’t ask me why, but I did. I was able to make connections with them and went through the process of learning their business and going through training and learning their sites and seeing if I was going to be a silent investor and have somebody run it for me, which wasn’t going to happen, or run it myself.
I ended up running it myself and was able to be pretty successful. [Of] the four locations that I had, the two of them I ended up closing, but they survived for about three or four years. Then two I sold.
What do you think about the Knicks now?
I’m crying inside. Especially now that Carmelo [Anthony] is gone and seeing, looks like another rebuilding process. So I’m just, I’m a New Yorker, I’m going to die a New Yorker, so that’s the way it goes. But I really hope they’re able to get some luck. They had some young guys step up and maybe a couple trays on the lottery draft, draft lottery picks. Hopefully it’ll happen.
What team should we start to watch after the All-Star Game?
Everybody’s just starting to mention Toronto. They started out on fire, so I knew they were going to be good early in the season. [Raptors head coach] Dwane Casey really understands what he’s doing there.
What advice would you give players who are transitioning from the court?
If you don’t have a passion for anything, maybe take a course, a quick course, in something. But if you don’t have a passion, there’s always different courses you can take, or there’s a lot of good things the NBA Players Association is doing. … Just talk to some of the older guys that played before. Talk to some of the guys who just retired and bounce things off instead of just running into any quick thing, business deals, with anybody.