Babes in Business franchise
2023 filing · March 13, 2023Growing
Babes in Business at a glance
A networking business that hosts events and workshops for women business owners. At the end of 2022 there were 2 Babes in Business locations in the US, 1 franchised and 1 company-owned.
The business
- Industry
- Business services
- Franchisor
- Babes Franchising LLC
- The company that sells the franchises
- Franchising since
- 2022
What you pay
- Cost to open
- $21K–$21K
- Fee, build-out and opening working capital
- Franchise fee
- $10,000
- Paid once, when you sign
- Royalty
- 15%
- 15% of gross revenues, paid monthly
- Brand fund
- Yes
- Up to 2% of gross sales, paid monthly
- Renewal fee
- See terms
- An amount equal to 50% of our then-current initial franchise fee
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 2
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 1
- Change in 3 years
- +1
- Franchised locations, 2020–2022
- States
- 2
- Most in Missouri and New Jersey
From Babes Franchising LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Babes in Business among all franchises with the same figure.
| Figure | Babes in Business | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $20,938 | Costs less than 99% of franchises |
| Franchise feePaid once, when you sign | $10,000 | Lower than 95% of franchises |
| RoyaltyShare of sales paid to the franchisor | 15% | Higher than 98% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a Babes in Business franchise costs
Opening one Babes in Business costs an estimated $20,575 to $21,300. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $30K.
The biggest costs are initial franchise fee ($10,000) and additional funds (for the initial 3 months of operations) ($5,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $10,000 | ||
| Business Licenses & Permits | $75 | $300 | |
| Computer and Related Technology | $2,000 | ||
| Other Professional Fees | $1,000 | ||
| Insurance Deposit | $500 | $1,000 | |
| Start Up Package | $1,800 | ||
| Travel, Lodging, Meals Etc. for Initial Training | $200 | $2,000 | |
| Additional Funds (for the initial 3 months of operations) | $5,000 | ||
| Total | $20,575 | $21,300 | |
Source: Babes Franchising LLC, 2023 filing, page 22
Babes in Business franchise fee
The franchise fee is $10,000. You pay it when you sign the franchise agreement.
Source: Babes Franchising LLC, 2023 filing, page 11
Royalty and ongoing fees
| Royalty | 15% of gross revenues, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 2% of gross sales, paid monthly. |
| Technology Fee | Up to $800/month (currently, $350/month) |
| Transfer Fee | $3,500 |
| Renewal Fee | An amount equal to 50% of our then-current initial franchise fee |
| Local Marketing Requirement | Up to 1% of Gross Sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Babes Franchising LLC, 2023 filing, pages 12 and 13
Other fees as filed, from pages 13–17. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Babes in Business does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Babes Franchising LLC, 2023 filing, page 49
How Babes in Business compares
Of the 324 business services franchises on this site, Babes in Business is the 27th cheapest to open and the 248th largest by number of locations.
| Figure | Babes in Business | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $21K | $77K | $222K |
| Cost to open, high end | $21K | $136K | $477K |
| Franchise fee | $10K | $45K | $40K |
| Royalty | 15% | 7% | 6% |
| US locations | 2 | 32 | 21 |
| Shares earnings figures | No | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 1 (+1) | 1 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Babes Franchising LLC, 2023 filing, page 50
Where Babes in Business locations are
At the end of 2022, Babes in Business had locations in 2 states. The most are in Missouri and New Jersey.
- Missouri1
- New Jersey1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Missouri | 1 | 0 | 1 |
| New Jersey | 0 | 1 | 1 |
Source: Babes Franchising LLC, 2023 filing, page 51
Who owns Babes in Business?
Babes in Business franchises are sold by Babes Franchising LLC.
From Babes Franchising LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Babes Franchising LLC, 2023 filing, litigation on page 11, bankruptcy on page 11
Babes in Business filings
The figures on this page come from Babes Franchising LLC’s 2023 filing, issued March 13, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | March 13, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
