| Business Summary | | New
York
Bagel
Enterprises
Inc.
owns
and
franchises
New
York
Bagel
and
Lots
A'
Bagels
restaurants
that
provide
a
wide
variety
of
bagels
that
are
made
from
scratch,
boiled,
and
baked
in
the
traditional
New
York
style.
Breakfast
menu
items
include
a
wide
variety
of
bagels
and
custom-blended
cream
cheeses,
gourmet
coffees,
muffins,
and
croissants.
Lunch
and
dinner
items
include
an
assortment
of
bagel
delicatessen
sandwiches,
prepared
salads,
cookies,
and
soft
drinks.
As
of
March
1,
1999,
the
Company
has
37
Company-owned
restaurants
primarily
located
in
Oklahoma,
Kansas,
Colorado,
Alabama,
Texas,
and
Tennessee
and
17
franchised
restaurants
located
throughout
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NYBSQ
owns
and
franchises
NY
Bagel
and
Lots
A'
Bagels
eateries,
specializing
in
traditional
NY
style
bagels.
As
of
9/99,
NYBSE
owned
30
and
franchised
16
eateries.
For
the
39
weeks
ended
9/29/99,
revenues
fell
27%
to
$10.7
million.
Net
loss
fell
89%
to
$541
thousand.
Revenues
reflect
decreased
number
of
stores
in
operation,
competition
and
industry
maturation.
Lower
loss
reflects
the
absence
of
impairment
charge
and
reduction
in
management
staff
and
effort
to
control
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| William Walsh, Jr., 50 Chairman | -- | Robert Geresi, 36 CEO,
Pres | $79K | Richard Webb, 42 CFO,
Sec. and Treasurer | -- | Paul Sorrentino, 36 VP-New
Store Devel. | -- | Vincent Vrana, 36 VP-Training | -- | Dollar
amounts are as of 27-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|