Cute name. The double M makes it worth more. The first thing I think of is McDonald's. I won't give it an appraisal but I will give it 2 thumbs up for your innovation. To an end user you could clean house. Magic Mop up the house. Hey I wonder if MagicMop.com is open. ^_^. I would plan on how I could convince McDonald's to start serving a magic Meal. Hell, every kid would want a Magic Meal, especially if they put a cheap Magic trick in every meal! Later sell them the name. They have deep pockets and can afford top dollar. I know that name would sell me when I was a kid.
PS: How about this idea. Make your own site and sell Magic Meals yourself. It is your idea. You can get cheap magic tricks to put in all meals. Kids can collect them and trade them. Just keep the lead out of them and you should do fine! ^_^. Another large franchise is born I think!