Monday, July 28, 2014 8:20:07 AM
At May 31, 2014, the Company had 93 franchise units and 5 licensed units in operation in 25 states.
The total debt balance of $95,762 represents a note payable to a former shareholder that requires an annual payment of $35,000, including interest at 4.75%, due October 1 and running through 2016.
5% Quarterly Cash Dividends
Net income has nearly doubled each fiscal year.
Company owns, operates, licenses, or franchises the following brands:
Big Apple Bagels, Sweet Duet, My Favorite Muffin and Brewsters Coffee.
Visit http://babcorp.com for more information.
Investor Information:
http://babcorp.com/aboutbab/investor.htm
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