General

New World Coffee - Manhattan Bagel, Inc. (the "Company") is one of the largest franchisors of bagel bakeries and coffee bars in the United States. It operates and franchises bagel bakeries and coffee bars in 26 states throughout the United States and the District of Columbia. The first Company-owned New World Coffee store opened in 1993 and the first franchised New World Coffee store opened in 1997. On November 24, 1998, the Company acquired the stock of Manhattan Bagel, Company, Inc. ("MBC"). On August 31, 1999, the Company acquired the assets of Chesapeake Bagel Bakery ("CBB"). At December 31, 2000, the Company's retail system...