BAB Inc
babcorp.comWhat Do They Do?
Franchises bagel and muffin shops and licenses related brands, and sells branded muffin mix and coffee to franchisees, licensees and other approved customers.
10-K for FY2025, filed Feb 24, 2026
How Do They Make Money?
Franchisees pay weekly royalties and marketing contributions based on store sales, plus initial franchise fees before opening; the company also earns vendor rebates when franchisees buy supplies and sells licensed products.
10-K for FY2025, filed Feb 24, 2026The Company sells individual franchises. The franchise agreements typically require the franchisee to pay an initial, non-refundable fee…View ↗
Royalty fees from franchised stores represent a 5% fee on net retail and wholesale sales of franchised units. Royalty revenues are…View ↗
Marketing FundView ↗
As part of the Company’s franchise agreements, the franchisee purchases products and supplies from designated vendors. The Company may…View ↗
The Company's revenues are derived primarily from the ongoing royalties paid to the Company by its franchisees and from receipt of initial…View ↗
-
10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service ↗
$3.4M
-
10-K for FY2025, filed Feb 24, 2026
$3.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Royalty
Usage-based
10-K for FY2025, filed Feb 24, 2026 |
58%
FY2022: 56%
|
Royalty, FY2025
$2M Sources
|
Usage-based |
|
Franchise
Recurring
|
0.7%
FY2022: 1.6%
|
Franchise, FY2025
$23.3K Sources
|
Recurring |
|
Licensing Fees and Other Income
Mix
|
8.4%
FY2022: 9.6%
|
Licensing Fees and Other Income, FY2025
$289.3K Sources
|
Mix |
|
Marketing Fund
Usage-based
10-K for FY2025, filed Feb 24, 2026 |
33%
FY2022: 33%
|
Marketing Fund, FY2025
$1.1M Sources
|
Usage-based |
Who Are Their Customers?
Franchisees work directly with BAB for store rights, operating support and marketing; licensed products are also sold to licensees and other approved customers.
10-K for FY2025, filed Feb 24, 2026
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 24, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 13, 2026
$227.4KView ↗
- ▲ +36%
- vs $167.6K in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 13, 2026
Open tableView ↗
-
Feb 25, 2026
Sassetti resigned and BAB appointed a new auditor
Sassetti said it would stop auditing public companies; BAB appointed CBIZ as its new auditor.
Sources
8-K, filed Feb 25, 2026
On February 25, 2026, BAB, Inc. (the “Company”) was notified by Sassetti LLC (“Sassetti”), the Company’s independent registered public…View ↗
Growing. Revenue grew 12% in 4 years, from $3.1M in FY2021 to $3.4M in FY2025, about 3% a year.
SweetDuet’s role
The older report includes SweetDuet among the trade names for franchised and licensed units; the latest report describes it as an add-on brand for BAB or MFM locations.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 24, 2026The Company was incorporated under the laws of the State of Delaware on July 12, 2000. The Company currently franchises and licenses bagel…View ↗
Who Do They Compete With?
Competes with Panera Bread, Bruegger's Bagel Bakery, Einstein Bros. Bagels, Dunkin’, and McDonald’s
10-K for FY2025, filed Feb 24, 2026The Company believes the primary direct competitors of its bagel units are Panera Bread Company, Bruegger's Bagel Bakery and Einstein Bros.…View ↗
Loading...
