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Note 1 - Nature of Operations
12 Months Ended
Nov. 30, 2018
Notes to Financial Statements  
Nature of Operations [Text Block]
Note
1
- Nature of Operations
 
BAB, Inc (“the Company”) has
three
wholly owned subsidiaries: BAB Systems, Inc. (“Systems”) and BAB Operations, Inc. (“Operations”) and BAB Investments, Inc. (“Investments”). Systems was incorporated on
December 2, 1992,
and was primarily established to franchise Big Apple Bagels® (“BAB”) specialty bagel retail stores. My Favorite Muffin (“MFM”) was acquired in
1997
and is included as a part of Systems. Brewster’s (“Brewster’s”) was established in
1996
and the coffee is sold in BAB and MFM locations. SweetDuet® (“SD”) frozen yogurt can be added as an additional brand in a BAB or MFM location. Operations was formed in
1995,
primarily to operate Company-owned stores of which there are currently
none.
The assets of Jacobs Bros. Bagels (“Jacobs Bros.”) were acquired in
1999,
and any branded wholesale business uses this trademark. Investments was incorporated in
2009
to be used for the purpose of acquisitions. To date there have been
no
acquisitions.
 
The Company was incorporated under the laws of the State of Delaware on
July 12, 2000. 
The Company currently franchises and licenses bagel and muffin retail units under the BAB, MFM and SD trade names. At
November 30, 2018,
the Company had
76
franchise units and
four
licensed units in operation in
22
states and the United Arab Emirates. There are
4
units under development. The Company additionally derives income from the sale of its trademark bagels, muffins and coffee through nontraditional channels of distribution including under a licensing agreement with Green Beans Coffee. Also, included in licensing fees and other income for fiscal
2017
is the Operations Sign Shop. Beginning in
December 2017,
a majority of franchise signage and point of sale materials was outsourced to a printer that provides consistency and convenience to the franchisees.