Magic Johnson own Magic Johnson Enterprises, a company he founded in 1989. Through this company, Johnson owns or invests in several companies and individual franchise locations.
Magic Johnson Enterprises is constantly evolving, acquiring and selling businesses frequently. It owns, or has owned, franchised branches of Starbucks, Burger King and T.G.I Friday's. Johnson also stayed true to his sports roots by investing in both the Los Angeles Lakers and the Los Angeles Dodgers. In 2006, Magic Johnson Enterprises partnered with Sodexo to form SodexoMagic. This company provides food services to several major organizations, including public schools in the United Kingdom and 31 U.S. Marine Corps mess halls.