Manhattan Bagel franchise
2026 filing · April 28, 2026Shares sales figures
Manhattan Bagel at a glance
A bagel restaurant selling fresh-baked bagels, muffins and cookies, spreads, specialty coffees and teas, soups, salads and sandwiches. At the end of 2025 there were 68 Manhattan Bagel locations in the US, all franchised.
The business
- Franchisor
- Manhattan Bagel Company, Inc
- The company that sells the franchises
- Franchising since
- 1991
- 35 years of selling franchises
- Franchisor based in
- Denver, Colorado
- Typical size
- 1,600–2,000 sq ft
What you pay
- Cost to open
- $582K–$1.09M
- Fee, build-out and opening working capital
- Franchise fee
- $25,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly
- Brand fund
- 2.5%
- 2.5% of gross sales, paid with the royalty; it can rise to 5%
Where it is
- US locations, 2025
- 68
- Franchised and company-owned
- Franchised
- 68
- Company-owned
- 0
- States
- 6
- Most in New Jersey, Pennsylvania and Virginia
From Manhattan Bagel Company, Inc’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Manhattan Bagel among all franchises with the same figure.
| Figure | Manhattan Bagel | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $837,850 | Costs more than 80% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 68 | More than 70% of franchises |
| Sales per locationYearly, as the brand reports it | $751,812 | Lower than 53% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 0.9× | Lower than 83% of brands that share sales figures |
How much a Manhattan Bagel franchise costs
Opening one Manhattan Bagel costs an estimated $582,000 to $1,093,700. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are development costs construction/costs ($310,000 to $500,000) and furniture, fixtures & equipment ($125,000 to $250,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Development Costs Construction/Costs | $310,000 | $500,000 | |
| Computer Equipment & Electronics | $26,000 | $54,000 | |
| Furniture, Fixtures & Equipment | $125,000 | $250,000 | |
| Signage & Graphics | $10,000 | $50,000 | |
| Professional Fees (incl. architectural or engineering fees and permit and impact fees) | $28,000 | $40,000 | |
| Initial Franchise Fee | $25,000 | ||
| Design Review Fee | $2,000 | ||
| Real Estate Leasing | $16,000 | $50,000 | |
| Opening Inventory, Smallwares and Supplies | $10,000 | $20,000 | |
| Grand Opening Marketing Promotion | $7,500 | $10,000 | |
| Insurance | $4,000 | $7,500 | |
| Training and Training Expenses | $1,000 | $17,200 | |
| Legal & Accounting | $1,000 | $3,000 | |
| Business Licenses | $500 | $5,000 | |
| Security Deposits | $4,000 | $10,000 | |
| Additional Funds (Three Months) | $12,000 | $50,000 | |
| Total | $582,000 | $1,093,700 | |
Source: Manhattan Bagel Company, Inc, 2026 filing, page 21
Manhattan Bagel franchise fee
The franchise fee is $25,000. You pay it when you sign the franchise agreement.
Source: Manhattan Bagel Company, Inc, 2026 filing, page 15
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | 2.5% of gross sales, paid with the royalty; it can rise to 5%. |
| Computer Equipment & Electronics | $26,000 |
| Training Fee | $1,600 for each additional individual to be trained |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Manhattan Bagel Company, Inc, 2026 filing, page 16
Other fees as filed, from pages 18–21. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Manhattan Bagel publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average net sales
- $751,812
- Median net sales
- $664,400
Yearly figures for 2025, covering restaurants in the 52 weeks to December 30, 2025. The average is about 0.9 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Manhattan Bagel Company, Inc, 2026 filing, pages 55–56
SBA loans to Manhattan Bagel franchisees
Lenders approved 119 SBA 7(a) loans for Manhattan Bagel franchisees from 1992 to 2025, $20.5M in all. Of the 113 that have ended, 93 were paid in full and 20 were charged off (17.7%). The other 6 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Manhattan Bagel compares
Of the 58 breakfast franchises on this site, Manhattan Bagel is the 27th cheapest to open and the 15th largest by number of locations.
| Figure | Manhattan Bagel | Typical breakfast brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $582K | $640K | $222K |
| Cost to open, high end | $1.09M | $1.2M | $477K |
| Franchise fee | $25K | $40K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 2.5% | 1.4% | 2% |
| Sales per location | $752K | $1.72M | $794K |
| US locations | 68 | 13 | 21 |
| Change in franchised locations, 0 yrs | +9.7% | +6.7% | – |
| Shares earnings figures | Yes | 46 of 58 | 2,147 of 3,352 |
Typical is the median across the 58 brands in breakfast franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2023 | 68 (+6) | 0 |
| 2024 | 68 (0) | 0 |
| 2025 | 68 (0) | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Manhattan Bagel Company, Inc, 2026 filing, page 59
Where Manhattan Bagel locations are
At the end of 2025, Manhattan Bagel had franchised locations in 6 states. The most are in New Jersey, Pennsylvania and Virginia.
- New Jersey32
- Pennsylvania29
- Virginia3
- Delaware2
- Florida1
- North Carolina1
| State | Franchised |
|---|---|
| New Jersey | 32 |
| Pennsylvania | 29 |
| Virginia | 3 |
| Delaware | 2 |
| Florida | 1 |
| North Carolina | 1 |
Source: Manhattan Bagel Company, Inc, 2026 filing, page 60
Who owns Manhattan Bagel?
Manhattan Bagel franchises are sold by Manhattan Bagel Company, Inc.
From Manhattan Bagel Company, Inc’s 2026 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 14. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Manhattan Bagel Company, Inc, 2026 filing, litigation on page 14, bankruptcy on page 14
Manhattan Bagel filings
The figures on this page come from Manhattan Bagel Company, Inc’s 2026 filing, issued April 28, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 28, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other breakfast franchises
All breakfast franchises
Manhattan Bagel is also on these lists: bakery franchises, food franchises.