Welcome to FBA’s franchise news destination! Read the latest success story submissions from our franchisor members and hear what they’re saying about finding success in franchising.
A majority of our franchisors work with FBA brokers to close deals every month and find the right candidate for their business.
There’s something franchise news related here for everyone, no matter if you’re a broker, buyer, franchisor, or are simply curious about what others are doing with in their entrepreneurship.
If you read something that sparks your interest, please reach out to us! You can visit our website www.Franchiseba.com or call us at (866) 395-4697.
Success Stories – May, 2022
My Favorite Muffin® & FBA Broker Chuck McKinney Close a Deal
Date Purchased: 06/25/2021
Location: Henrico, VA
Units Purchased: 1
It has been over 27 years since Sam Makarem lived in the Richmond area, but he’s back—and he brought his favorite franchise system with him. Sam grew up in Richmond, attending John Randolph Tucker High School in Henrico before getting his college degree in the Midwest. It was during that time outside of Dayton, Ohio, that Sam fell in love with a franchise concept known as “My Favorite Muffin®” and he never forgot about that experience.
“I loved going to My Favorite Muffin® when I lived in Ohio,” Sam explained. “I went there so many times I started thinking about the possibility of owning my own store one day.” After 20 years of living the corporate life, Sam is ready to stretch his entrepreneurial wings, opening his first My Favorite Muffin® shop in his hometown of Henrico in June of 2022. “My wife and I have been living and working in Dubai, but our daughters are now in college, and we are ready to run our own business and be an active part of this community.”
Although My Favorite Muffin® was Sam’s first choice for a business, he engaged the services of franchise broker Chuck McKinney to examine his options. According to Sam, “Chuck really helped me evaluate a number of different ideas, showing me concepts that aligned with other interests of mine and even raised a few franchise opportunities that I would not have thought about on my own. Once we narrowed our options, Chuck assisted with my due diligence and introduced me to others that I needed to make this dream a reality.”
“It’s great to be in love with a franchise concept,” McKinney explained, “but it has to make good business sense if you are considering franchise ownership. Sam was really determined to study the unit economics and demographics of the area to make sure this was going to work. I was so happy to help Sam bring his favorite muffin shop back to his hometown.”
My Favorite Muffin® Your All-Day Bakery Café offers a comfortable atmosphere for customers to enjoy breakfast or lunch, serving muffins, bagels, and a selection of breakfast and lunch sandwiches. Each mouthwatering muffin is hand-crafted with a combination of ingredients, fillings and toppings that create over one hundred different enticing varieties. “I can’t wait to share this wonderful food with everyone in the area,” exclaimed Sam. “I feel like this is a great opportunity for me to give back to my community.”