1
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
   
     We consent to the inclusion in this registration statement on Amendment No.
1 to Form S-1 (File No. 333-34921) of our report, dated February 28, 1997, on
our audits of the consolidated financial statements and financial statement
schedule of Schlotzsky's, Inc. and Subsidiaries. We also consent to the
reference to our firm under the caption "Experts."
    
 
                                                        COOPERS & LYBRAND L.L.P.
 
Austin, Texas
   
September 8, 1997