<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <CIK> 0000914565 <NAME> MANHATTAN BAGEL COMPANY, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUN-30-1998 <PERIOD-END> SEP-30-1998 <CASH> $3,745,212 <SECURITIES> 0 <RECEIVABLES> 5,743,726 <ALLOWANCES> (3,103,967) <INVENTORY> 1,011,898 <CURRENT-ASSETS> 7,997,728 <PP&E> 16,476,608 <DEPRECIATION> (4,713,429) <TOTAL-ASSETS> 29,164,964 <CURRENT-LIABILITIES> 5,700,104 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41,104,828 <OTHER-SE> (32,220,376) <TOTAL-LIABILITY-AND-EQUITY> 29,164,964 <SALES> 21,335,707 <TOTAL-REVENUES> 23,364,111 <CGS> 16,697,426 <TOTAL-COSTS> 5,965,255 <OTHER-EXPENSES> (194,158) <LOSS-PROVISION> 225,000 <INTEREST-EXPENSE> 64,683 <INCOME-PRETAX> (1,406,986) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,406,986) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,406,986) <EPS-PRIMARY> (0.19) <EPS-DILUTED> (0.19)