| Ticker: BIGC | 99 Woodbury Road | |
| Exchange: NASDAQ-Small Cap Market | Hicksville, New York 11801 | |
| Industry: Retail | (516) 932-5050 |
| Type of Shares: | Common Shares | Filing Date: | 3/8/96 | |
| U.S. Shares: | 1,125,000 | Offer Date: | 5/7/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 1,125,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $4,500,000 | Selling: | $0.20 | |
| Expenses: | $485,000 | Reallowance: | ||
| Shares Out After: | 4,625,000 |
| Manager | Tier | Phone |
| Monroe Parker & Company | Lead Manager | (914) 696-4200 |
| Auditor: Eisner, Richard A. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $1.55 | Assets: | $1.14 | ||
| Net Income: | -$1.04 | Liabilities: | $1.21 | ||
| EPS: | -$0.35 | Equity: | -$0.07 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a New York corporation that operates and franchises upscale bagel bakery cafes under the company's registered trademark "Big City Bagels." These stores sell a wide variety of oversized, fresh baked bagels, including unique specialty bagels, and cream cheese spreads, muffins and sandwiches, specialty coffees and other beverages. The company owns three stores, two of which are located in Costa Mesa, California and one of which is located in Laguna Niguel, California. The company also sells Big City Bagels franchises. Currently, there are eight franchises open and operating in California, Minnesota, Utah and Arizona. As of the date of this Prospectus, the company has sold franchises to open an additional 30 stores, which are in various stages of development. The company sells its products wholesale to commercial accounts and food service operators. |
| Use of Proceeds |
| Proceeds from the offering will be used to open Company owned flagship stores; repay bridge notes; expand or relocate the company's Costa Mesa, California commissary and possibly establish additional commissaries; partially repay indebtedness owed to certain of its shareholders; increase marketing, promotional, advertising and public relations activities aimed at both customers and potential franchisees; and for working capital and general corporate purposes. |
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