Prince George’s County Couple Constructing Group And Generational Wealth Via Franchising –

[ad_1] by Nancy E Williams June 30, 2025

Alesha and David Magby initially met at Morgan State College in 1999. After a quick relationship in 2003, they went their separate methods, however reconnected 12 years later, in 2015, at Homecoming. Each had skilled life individually, changing into older and wiser. They determined to marry in October 2020, and their union has created not simply life companions however co-parents of a blended household and homeowners of a portfolio of a number of franchise items throughout Washington, D.C., and Maryland.

Since getting into the franchise world in 2018, the Magbys now personal 4 Tropical Smoothie Café franchises — two in Washington, D.C., and two in Maryland, with the most recent location opening in 2023, throughout from their alma mater, Morgan State College, in Baltimore. Baltimore can be dwelling to a Phenix Salon Suites franchise, which they bought in 2022.

5 franchises in 5 years, with multiple model, is a powerful accomplishment that BLACK ENTERPRISE knew our readers would wish to hear extra about. Alesha agreed to share extra about their journey, how they plan to develop their portfolio, and recommendation for others seeking to construct group and generational wealth by franchising.

BLACK ENTERPRISE: What drew you to the Tropical Smoothie Café (TSC) and Phenix Salon Suites manufacturers?

Alesha Magby: With Tropical Smoothie Café, we had been loyal clients earlier than even contemplating franchising. A location opened in our neighborhood, and it rapidly grew to become a part of our weekly routine. Each Saturday morning, after our exercise, we’d cease in to seize a smoothie and share a wrap. That small ritual—simply the 2 of us having fun with one thing wholesome and constant—lasted for over a 12 months and made the model really feel private to us. After we lastly determined to discover franchising alternatives, Tropical Smoothie Café was on the prime of our listing. It aligned completely with how we reside and serve, providing wholesome, scrumptious choices in a welcoming surroundings. It wasn’t only a good enterprise transfer however a pure extension of one thing we cherished.

We had been drawn to Phenix Salon Suites as a result of it represents one thing greater than only a enterprise; it’s about empowerment. This mannequin allowed us to assist particular person entrepreneurs—stylists, estheticians, barbers, and wonder professionals, by serving to them grow to be enterprise homeowners in their very own proper.

We cherished the concept of offering stunning, totally outfitted salon areas the place professionals may run their companies flexibly and independently, with out the large overhead of opening a standard salon. It felt like an ideal match for our values, providing actual individuals a path to possession and stability. There was additionally sturdy demand within the communities we serve. The wonder and wellness business continues to develop, and plenty of professionals search personal, fashionable areas providing extra management and security. Phenix Salon Suites as a result of it allowed us to diversify our portfolio whereas instantly impacting entrepreneurs’ lives, particularly girls and minority-owned companies, by serving to them construct one thing of their very own inside a supportive, high-quality surroundings.

Diversifying

BE: I perceive you’re rising your portfolio with two new franchise manufacturers: Einstein Bro. Bagels and Jersey Mike’s. What was it about these manufacturers that drew you to them?

Magby: Sure, we're enthusiastic about bringing Einstein Bros. Bagels again to Prince George’s County, MD, by a franchise growth deal we solidified with the model, and we’ve additionally signed a one-store cope with Jersey Mike’s.

As skilled multi-brand franchisees, we acknowledge the worth of sturdy, modern ideas that match properly into our current portfolio and resonate with the communities we serve. Einstein Bros. Bagels provides a high-quality, fast-casual breakfast and lunch expertise, which was lacking in a number of of our native markets, particularly in Prince George’s County, the place we grew up.

The model’s dedication to contemporary substances, heat hospitality, and talent to drive substantial morning site visitors made it a pure complement to our different franchises.

We had been tremendous followers of Jersey Mike’s earlier than we ever considered franchising with them. For years, our household gatherings weren’t full with no Jersey Mike’s catering field on the desk.

Throughout varied Worldwide Franchise Affiliation (IFA) occasions, we'd go to the Jersey Mike’s sales space to community and genuinely rave about our love for the model. As we appeared for extra methods to diversify our portfolio, the dialog with the Franchise Improvement group shifted from raving followers to potential franchise companions.

What sealed the deal was the tradition. The Government Board reminded us of what we cherished about Tropical Smoothie Café: a robust, values-driven group that was welcoming, skilled, and actually wished you to really feel like a part of their household. The assist, the individuals, and the model integrity all aligned with our requirements for partnership and development.

BE: Funding is all the time a subject individuals are curious to find out about. Are you able to share a little bit about the way you’ve funded your portfolio?

Magby: Funding is all the time tough; there’s no simple path. We’ve discovered learn how to navigate it by being resourceful, persistent, and proactive. Conventional banks weren’t all the time the most effective match for us, so we began working with business lenders who higher understood the wants of franchise companies. We additionally did the legwork to seek out and apply for native grants and state funds particularly put aside for small companies and entrepreneurs like us. Funding alternatives exist, however you have to be prepared to dig. Which means researching consistently, asking questions, displaying up at state and native workplaces, and confidently telling individuals what you’re attempting to construct. Whenever you’re clear about your imaginative and prescient and refuse to take “no” for a solution, the data and the assist finally come.

Recommendation from an Knowledgeable

BE: What's your recommendation on constructing a profitable, various portfolio, and the way does your success encourage others?

Magby: Constructing a various franchise portfolio begins with understanding your strengths and your long-term imaginative and prescient. You wish to select manufacturers that not solely complement one another operationally but in addition replicate your values and life-style. We've six key items of recommendation: 1) Begin with what and love, 2) Diversify neatly, not only for the sake of selection, 3) Spend money on sturdy management and programs, 4) Know your numbers and money circulation, 5) Leverage each useful resource—grants, lending companions, and state packages, and 6) Keep engaged with the franchise group.

As for uplifting others, we don’t all the time have a look at ourselves as “profitable” within the conventional sense, as a result of to us, success is a protracted journey, not a vacation spot. There’s nonetheless a lot we should study; we hardly ever really feel we've got all of the sources or solutions. On daily basis presents one thing new, a problem to beat or a lesson we didn’t see coming. This path just isn't simple by any stretch. If something is inspiring about our story, it’s that we’ve finished it collectively. The true success isn’t within the variety of items we function or the manufacturers we characterize; it’s in being true teammates and companions, in each life and enterprise. That’s the muse of all the pieces we’ve constructed. We hope others see that you simply don’t need to have all the pieces found out to get began. What issues most is displaying up every day, trusting one another, and constructing in your strengths with relentless dedication. If our journey reveals something, you'll be able to create one thing highly effective while you lead with objective, assist one another, and by no means cease studying.

RELATED CONTENT: Black People Can Now Apply To New Initiative Working Towards Franchise Possession

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