Manhattan Bagel Company, Inc.

Manhattan Bagel Company, Inc. manufactures bakery products. The company's bakery products include begel dough, low fat and no fat cream cheese spreads. The company distributes these products to its franchised, licensed and company owned stores. The company's retail system at present has 293 stores. This includes 258 franchised and licensed stores and 35 company-owned stores. The company sells its franchises throughout the United States. The company's main subsidiaries are Broadway Chicken, Inc., Manhattan Bagel Construction Corp. and other. The company acquired Bay Area Bagels, Inc which owned eight bakery stores in San Francisco area and Specialty bakeries which owned 23 bagel stores in Southern New Jersey and Philadelphia in 1996. Bakery products accounted for 78% of 1996 revenues and franchise fees, 26%.