<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM WATERMARC FOOD MANAGEMENT CO. FORM 10-Q FOR THE THIRD QUARTER OF FISCAL
1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-28-1998
<PERIOD-END>                               MAR-29-1998
<CASH>                                         197,630
<SECURITIES>                                         0
<RECEIVABLES>                                  249,163
<ALLOWANCES>                                         0
<INVENTORY>                                    370,080
<CURRENT-ASSETS>                             1,971,462
<PP&E>                                       5,068,130
<DEPRECIATION>                                 496,686
<TOTAL-ASSETS>                              15,783,674
<CURRENT-LIABILITIES>                        8,350,406
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    329,540
<COMMON>                                       713,161
<OTHER-SE>                                 (1,014,427)
<TOTAL-LIABILITY-AND-EQUITY>                15,783,675
<SALES>                                     10,138,939
<TOTAL-REVENUES>                            10,138,939
<CGS>                                        3,113,061
<TOTAL-COSTS>                               10,235,247
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             296,971
<INCOME-PRETAX>                              (347,512)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (347,512)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (347,512)
<EPS-PRIMARY>                                    (.02)
<EPS-DILUTED>                                    (.02)