U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                                   (Mark One)


     /X/ Quarterly  report  under  Section 13 or 15(d) of the  Securities  and
         Exchange Act of 1934 for the quarterly period ended April 22, 1997.

     / / Transition  report under  Section 13 or 15(d) of the  Securities  and
         Exchange Act of 1934 for the transition period from _____ to_______.


                           COMMISSION FILE NUMBER 333-5488-D

                               STOICO RESTAURANT GROUP, INC.
       (Exact name of small business issuer as specified in its charter)

            Delaware                                     48-1177558
       (State or other jurisdiction                      (I.R.S. Employer
       of incorporation or organization)                  Identification No.)


                 3151 North Rock Road, Wichita, Kansas       67226
          (Address of principal executive office)           (Zip code)

                                   (316) 636-5776
                   (Issuer's telephone number, including area code)

         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for past 90 days. Yes /X/ No /_/.

         At April 22, 1997,  5,708,966  shares of common stock,  $0.01 per share
par value were outstanding.

  Transitional Small Business Disclosure Format (check one):  Yes /X/  No  / /

<PAGE>

                         STOICO RESTAURANT GROUP, INC.
                      INDEX TO 10-QSB FOR THE QUARTERLY
                         PERIOD ENDED APRIL 22, 1997

                                                                           PAGE
PART I:   FINANCIAL INFORMATION

ITEM 1:   FINANCIAL STATEMENTS

          Stoico Restaurant Group, Inc. and Subsidiaries Consolidated
          Balance Sheets - April 22, 1997 and December 31, 1996               3

          Stoico Restaurant Group, Inc. and Subsidiaries Consolidated
          Statements of Operations - Sixteen Week Period ended
          April 22, 1997 and April 16, 1996, respectively.                    4

          Stoico Restaurant Group, Inc. and Subsidiaries Consolidated
          Statements of Cash Flows - Sixteen Week Period ended
          April 22, 1997 and April 16, 1996, respectively.                    5

          Notes to Consolidated Financial Statements - April 22, 1997         6

ITEM 2:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATION                        8

PART II:  OTHER INFORMATION

ITEM 1:   LEGAL PROCEEDINGS                                                  13

ITEM 2:   CHANGES IN SECURITIES                                              13

ITEM 3:   DEFAULTS UPON SENIOR SECURITIES                                    13

ITEM 4:   SUBMISSION OF MATTERS TO A VOTE OF
          SECURITY HOLDERS                                                   13

ITEM 5:   OTHER INFORMATION                                                  13

ITEM 6:   EXHIBITS AND REPORTS ON FORM 8-K                                   14

          SIGNATURES                                                         15


                                    2

<PAGE>

                 STOICO RESTAURANT GROUP, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      APRIL 22, 1997 AND DECEMBER 31, 1996
                                 (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                                      <C>                       <C>

                                                              APRIL 22,                    DECEMBER 31,
                        ASSETS                                   1997                          1996
                        ------                                                                     
                                                        ----------------------      --------------------------
Current assets:
         Cash and cash equivalents                                  $  307,838                    $  2,271,550
         Receivables                                                   105,834                          59,351
         Inventories                                                   198,094                         177,909
         Prepaid expenses and other current assets                     248,268                         253,216
                                                        ----------------------      --------------------------
                  Total current assets                                 860,034                       2,762,026
Property and equipment                                               5,597,682                       4,521,779
Goodwill, net of amortization of $100,769 and $76,655,
    respectively                                                       965,299                         989,413
Notes receivable:
         Former Officer                                                 66,873                         225,000
         Other, net of related deferred income of
            $201,560                                                    28,333                          22,077
Other assets                                                            50,518                          51,225
                                                        ----------------------      --------------------------
                  Total assets                                     $ 7,568,739                    $  8,571,520
                                                        ======================      ==========================
         LIABILITIES AND STOCKHOLDERS' EQUITY 
         -------------------------------------

Current liabilities:
         Accounts payable                                          $ 1,631,360                     $ 1,963,764
         Accrued expenses                                              455,227                         300,282
         Current portion of long-term debt                             150,432                         190,191
         Note Payable - officer                                         90,000                               -
         Deferred revenue                                               90,000                         195,000
                                                        ----------------------      --------------------------
                  Total current liabilities                          2,417,019                       2,649,237
Long-term debt, less current portion                                    39,869                          43,580
Long-term lease obligation on closed store                             116,951                         116,951
Deferred revenue                                                        35,000                          95,000
                                                        ----------------------      --------------------------
                  Total liabilities                                  2,608,839                        2,904,768
Stockholder's equity:
         Preferred stock, $.01 par value, 5,000,000 shares
              authorized, -0- shares issued and outstanding                  -                                -
         Common stock, $.01 par value, 20,000,000 shares
              authorized, 5,708,966 issued and outstanding              57,090                           57,090
         Additional paid-in capital                                 14,285,754                      14,285,754
         Accumulated deficit                                       (9,382,944)                     (8,676,092)
                                                        ----------------------      --------------------------
                  Total stockholders' equity                         4,959,900                       5,666,752
                                                        ----------------------      --------------------------
Commitments                                                                  -                               -
                                                        ----------------------      --------------------------
                  Total liabilities and stockholders' equity        $7,568,739                     $ 8,571,520
                                                        ======================      ==========================
</TABLE>


                                      3

<PAGE>

                 STOICO RESTAURANT GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                       
                                                                               SIXTEEN WEEK
                                                                               PERIOD ENDED
                                                    -------------------------------------------------------------------
                                                              APRIL 22,                           APRIL 16,
                                                                1997                                 1996
<S>                                                 <C>                                <C>
                                                    -----------------------------      --------------------------------
Revenues:
         Sales                                             $ 2,997,488                         $ 1,992,440
         Royalty income                                         29,968                              44,868
         Franchise Fees                                         45,000                                 -
                                                    -----------------------------      --------------------------------
                  Total revenue                              3,072,456                           2,037,308
                                                    -----------------------------      --------------------------------

Cost of sales:
         Food and paper                                        876,533                              601,975
         Wages and benefits                                  1,119,402                              626,016
                                                    -----------------------------      --------------------------------
                  Total cost of sales                        1,995,935                            1,227,991
                                                    -----------------------------      --------------------------------

                  Gross profit                               1,076,521                              809,317

Restaurant operating expenses                                1,032,494                              584,732
Pre-opening expenses                                           115,837                                 -
Administrative expenses                                        649,630                              514,535
                                                    -----------------------------      --------------------------------
                  Operating loss                              (721,440)                            (289,950)

Other income (expense):
         Miscellaneous other income                              2,952                              33,004
         Interest income                                        21,158                              13,897
         Interest expense                                       (9,522)                           (169,652)
                                                    -----------------------------      --------------------------------
                  Loss before income taxes                    (706,852)                           (412,701)
                                                    -----------------------------      --------------------------------
Income taxes                                                      -                                    -
                                                    -----------------------------      --------------------------------
Net loss                                                    $ (706,852)                         $ (412,701)
                                                    =============================      ================================
Loss per common share                                       $    (0.12)                         $    (0.10)
                                                    =============================      ================================

</TABLE>

                                                    4

<PAGE>

                 STOICO RESTAURANT GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             SIXTEEN WEEK
                                                                             PERIOD ENDED
                                                         -----------------------------------------------------
                                                               APRIL 22,                     APRIL 16,
                                                                 1997                          1996
<S>                                                      <C>                         <C>
                                                         ---------------------       -------------------------
Cash from operating activities:
         Net loss                                                  $  (706,852)                    $  (412,701)
         Adjustments to reconcile net loss to net cash used in
             operating activities
                  Depreciation and amortization                        300,015                         136,632
                  Income attributable to Area Development
                     fee  forfeiture                                   (45,000)                              -
                  Increase in receivables                              (46,483)                        (69,501)
                  (Increase) decrease in inventories                   (20,185)                         12,882
                  (Decrease) increase in notes receivable              151,871                        (158,127)
                  Decrease in prepaid expenses and other
                      current assets                                     4,948                          14,304
                  Decrease in other assets                                 707                           1,448
                  Decrease in accounts payable                        (332,404)                       (337,821)
                  Increase (decrease) in accrued expenses              154,945                        (131,377)
                  Increase in deferred revenue                               -                         262,083
                                                         ---------------------       -------------------------
                           Net cash used in operating
                               activities                             (538,438)                       (682,178)
                                                         ---------------------       -------------------------
Cash flows from investing activities:
         Purchase of property, plant and equipment                  (1,351,804)                       (120,433)
         Proceeds from sale of restaurant                                    -                         250,000
                                                         ---------------------       -------------------------
                           Net cash (used in) provided by
                               investing activities                 (1,351,804)                        129,567
                                                         ---------------------       -------------------------
Cash flows from financing activities:
         Principal payments on long-term debt                          (73,470)                         (9,940)
         Proceeds from issuance of common stock                              -                         257,599
                                                         ---------------------       -------------------------
                           Net cash (used in) provided by
                               financing activities                    (73,470)                        247,659
                                                         ---------------------       -------------------------
                           Net decrease in cash and cash            (1,963,712)                       (304,952)
                               equivalents
Cash and cash equivalents at beginning of period                     2,271,550                         784,171
                                                         ---------------------       -------------------------
Cash and cash equivalents at end of period                          $  307,838                      $  479,219
                                                         =====================       =========================

                                            5
</TABLE>
<PAGE>
                           STOICO RESTAURANT GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

(1)      BASIS OF PRESENTATION

         The accompanying  unaudited financial  statements have been prepared in
accordance with the instructions to Form 10-Q and, therefore, do not include all
information  and  footnotes  necessary  for a  fair  presentation  of  financial
position,  results of  operations  and cash flows in conformity  with  generally
accepted accounting  principles.  The information  furnished,  in the opinion of
management,   reflects  all  adjustments,  which  consist  of  normal  recurring
adjustments,  necessary to present  fairly the results of  operations  of Stoico
Restaurant  Group,  Inc. and  subsidiaries  (the "Company") for the sixteen week
period  ended  April 22, 1997 and April 16,  1996.  The  consolidated  financial
statements  should  be read  in  conjunction  with  the  consolidated  financial
statements and notes thereto, together with management's discussion and analysis
of financial  condition  and results of  operations,  contained in the Company's
Annual Report dated March 27, 1997.

(2)      INCOME (LOSS) PER SHARE

         Loss per share is determined  based on the weighted  average  number of
common and common equivalent shares outstanding during each period. The weighted
average  number of common  and  common  equivalent  shares  outstanding  for the
sixteen  weeks  ended  April  22,  1997 and April 16,  1996 were  5,730,700  and
4,286,744, respectively.

(3)      STATEMENTS OF CASH FLOW

         Noncash financing and investing activities consist of the following for
the period ended April 22, 1997 and April 16, 1996 respectively:

    April 22, 1997
o   Deferred revenue reclassified to note payable to an officer of $120,000.

    April 16, 1996
o   Property and equipment sold in exchange for note receivable, net of related
    deferred income of $7,875

(4)      RELATED PARTY TRANSACTIONS

         On March 11, 1996,  the Company made a loan to Timothy J. Jeffrey,  the
former  President,  Chief Executive Officer and a director of the Company in the
amount  of  $158,127.  On March  31,  1997 that loan was paid off in full to the
Company.

                                      6

<PAGE>

         In February  1997 the  Company's  board of  directors  determined  that
$120,000  advanced to the  Company by one of its  officers  should be  refunded.
Accordingly,  this amount was reclassified from deferred revenue to Note Payable
- officer, of which $90,000 is still due as of April 22, 1997.

                                       7

<PAGE>

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATION

COMPANY-OWNED RESTAURANTS OPENED AT END OF PERIOD

                                                    SIXTEEN WEEKS ENDED
                                                 April 22,         April 16,
                                                   1997              1996
                                                -------------     ------------
   Spaghetti Jack's                                 11                   4
   Sub & Stuff                                      23                  15

RESULTS OF OPERATIONS

         The following table sets forth  information  derived from the Company's
statement of operations expressed as a percentage of revenues:


                                                SIXTEEN WEEKS ENDED
                                    -------------------------------------------
                                      APRIL 22,                     APRIL 16,
                                        1997                          1996
                                    ---------------------  --------------------
Revenues........................       100.00%                       100.00%
Cost of sales...................        64.96                         60.28
Restaurant operating expenses...        33.60                         28.70
Pre-opening expenses............         3.77                          0.00
Administrative expenses.........        21.14                         25.26
Other income (expense)..........         0.47                         (6.03)
Income taxes....................         0.00                          0.00
Net loss........................       (23.01)                       (20.26)

                                      8

<PAGE>

SIXTEEN WEEK PERIOD ENDED APRIL 22, 1997 AND APRIL 16, 1996

REVENUES

         Revenues in first  quarter  ended April 22, 1997  increased  50.4% over
first quarter ended April 16, 1996,  primarily for the reasons  discussed below.
Spaghetti Jack's restaurant sales increased 97.3% in 1997. The increase in sales
is the  result of  opening  three  company  owned  restaurants  in 1997 and four
company owned restaurants during the last quarter of 1996. Comparable restaurant
sales (defined as sales from restaurants open during both fiscal periods for the
entire period) for Spaghetti  Jack's  decreased  33.0% in the  aggregate.  Sub &
Stuff  restaurant  sales  increased  30.3% in 1997. The increase in sales is the
result of opening four company owned  restaurants in 1997 and four company owned
restaurants during the last quarter of 1996. Comparable restaurant sales for Sub
& Stuff  decreased  2.0% in the  aggregate.  The Spaghetti  Jack's  decreases in
comparable  restaurant  sales are due to the entrance in the Wichita market of a
direct  competitor.  In addition,  the  marketing in 1996 featured a new product
introduction  promoted  with  television  versus  1997 which  featured  existing
product line promoted with radio.  Spaghetti  Jack's  royalty  income  decreased
33.2% in 1997 over 1996. This is due to the closing of one franchise  restaurant
in last  quarter  1996  and  similar  comparable  sales  declines  in  franchise
restaurants as stated above. Sub & Stuff royalty income increased 109.6% in 1997
over 1996. One Spaghetti Jack's franchise Area Development  Agreement  defaulted
resulting in income recognition of $45,000.

COST OF SALES

         Cost of sales increased  62.5%,  primarily as a result of opening seven
company owned  restaurants  in 1997 and 8 company owned  restaurants  during the
last quarter of 1996. Spaghetti Jack's food and paper cost increased by 89.8% in
1997 over 1996.  This increase is attributed to the opening of new company owned
restaurants  as stated  above.  As a percentage of Spaghetti  Jack's  restaurant
sales, the cost of food and paper decreased to 28.2% in 1997 from 29.3% in 1996.
Sub & Stuff's  food and paper cost  increased  by 27.5% in 1997 over 1996.  This
increase  is  attributed  to the opening of new  company  restaurants  as stated
above. As a percentage of Sub & Stuff's  restaurant  sales, the cost of food and
paper  decreased to 29.9% in 1997 from 30.6% in 1996.  The decreases in food and
paper  as  a  percentage  of  restaurant  sales  are  a  result  of  operational
efficiencies. Spaghetti Jack's cost of wages and benefits increased by 187.4% in
1997 over 1996.  This  increase  is  attributed  to the  opening of new  company
restaurants  as stated  above.  As a percentage of Spaghetti  Jack's  restaurant
sales,  the cost of wages and benefits  increased to 39.4% in 1997 from 27.0% in
1996.  The increases in wages and benefits as a percentage  of restaurant  sales
are a result  of the fixed  component  of  management  salaries  and crew  wages
compared  to the  relatively  low  volume  of the  new  restaurants,  the  labor
efficiency of the new restaurants  based on their  productivity  learning curve,
the higher cost of workers compensation  insurance in the state of Oklahoma,  as
well  as  some  increased  labor  for  drive-thrus  utilized  in the  new  store
development. Sub & Stuff's cost of wages

                                         9

<PAGE>

and benefits  increased by 40.9% in 1997 over 1996.  This increase is attributed
to the opening of new company  restaurants  as stated above.  As a percentage of
Sub & Stuff's  restaurant  sales,  the cost of wages and  benefits  increased to
36.0% in 1997 from  33.3% in 1996.  The  increases  in wages and  benefits  as a
percentage of restaurant sales are a result of the fixed component of management
salaries  and crew  wages  compared  to the  relatively  low  volume  of the new
restaurants.

RESTAURANT OPERATING EXPENSE

         Overall restaurant  operating expenses increased 76.6%,  primarily as a
result of opening  seven  company  owned  restaurants  in 1997 and eight company
owned  restaurants  during the last quarter of 1996.  Spaghetti Jack's operating
expenses  increased by 151.4% in 1997 over 1996.  This increase in attributed to
the opening of new company  restaurants  as stated  above.  As a  percentage  of
Spaghetti Jack's restaurant sales, operating expenses increased to 40.5% in 1997
from 31.8% in 1996.  The  increase  in  operating  expenses as a  percentage  of
restaurant  sales are a result of the fixed  component  of  operating  expenses,
specifically  the  rent  costs,  an  increase  in  depreciation  related  to new
development, and the cost of utilities, compared to the relatively low volume of
the new restaurants,  and a 1.0% increase in the advertising accrual for company
owned Spaghetti Jack's.  Sub & Stuff's operating  expenses increased by 40.4% in
1997 over 1996.  This  increase  is  attributed  to the  opening of new  company
restaurants as stated above. As a percentage of Sub & Stuff's  restaurant sales,
operating  expenses  increased to 30.5% in 1997 from 27.5% in 1996. The increase
in operating  expenses as a percentage of  restaurant  sales are a result of the
fixed component of operating  expenses  compared to the relatively low volume of
the new  restaurants  partially  offset by a 1.0%  reduction in the  advertising
accrual.

PRE-OPENING EXPENSES

         Pre-opening  expenses are those costs  associated with the opening of a
company restaurant. The expenses consist principally of non-recurring costs such
as employee  recruiting and training,  supplies and miscellaneous  expenditures.
During the first  quarter  ended April 22, 1997,  expenses  totaled  $115,837 as
compared to $0 in 1996. The company opened three Spaghetti Jack's and four Sub &
Stuff  restaurants  during the first  quarter  ended  April 22, 1997 and did not
experience any pre-opening expenses in the comparable quarter in 1996. Costs are
expensed as incurred.

ADMINISTRATIVE EXPENSES

         Administrative  expenses increased by 26.3% for the sixteen week period
ended April 22, 1997,  compared to the sixteen week period ended April 16, 1996.
This  increase is attributed to the  increased  number of staff  positions  that
included  a  Vice  President  of  Real  Estate  and   Construction,   a  project
coordinator, and the hiring of three additional restaurant level supervisors due
to development.

                                     10

<PAGE>

OTHER INCOME AND EXPENSE

         The increase in interest income between the periods is primarily due to
the changes in the level of cash  available  for  investment.  Interest  expense
decreased by $160,130 to $9,522 for the sixteen week period ended April 22, 1997
compared to $169,652  for the sixteen  week period  ended April 16,  1996.  This
decrease  in  interest  expense  is the  result  of the  repayment  of debt with
proceeds of the Company's initial public offering completed December 18, 1996.

INCOME TAXES

         The Company  continues to operate  unprofitably  and to accumulate  net
operating loss carryforwards and, as a result, does not have taxable income.

LIQUIDITY AND CAPITAL RESOURCES

         The Company's restaurant operations do not have significant receivables
or inventory and receive trade credit based upon negotiated  terms in purchasing
food and  supplies.  As of April 22,  1997,  the Company  had a working  capital
deficiency of $1,443,583 as compared to working capital of $112,789 at April 16,
1996. The decrease in working  capital of $1,556,372 is primarily due to the use
of cash  and  cash  equivalents  in  opening  new  restaurants  and  accumulated
operating losses.

         During the sixteen week period ended April 16, 1997 the Company's  cash
deficit from  operations  decreased by $143,740 as compared to the sixteen weeks
ended April 16, 1996.  This  decrease in cash  deficit is  primarily  due to the
reduction of accounts payable.

         During the sixteen  week period  ended April 22, 1997 the Company had a
cash deficit from investing  activities of $1,351,804 as compared to proceeds of
$129,567 for 1996.  The proceeds were realized by the sale of one  company-owned
Spaghetti  Jack's offset by the opening of one  company-owned  Sub & Stuff.  The
increase of the deficit was primarily due to the capital expenditures related to
the opening of seven company-owned restaurants.

         Capital  expenditures  during the sixteen  week period  ended April 22,
1997 totaled  $1,351,804 as compared to expenditures of $120,433 for the related
period in 1996. These expenditures are primarily  associated with the opening of
seven  Company-owned  restaurants.  During  1997,  four  Sub & Stuff  and  three
Spaghetti Jack's restaurants were opened.  During the first quarter of 1996, the
Company  opened  one  Company-owned  Sub & Stuff  restaurant.  The amount of the
Company's  cash  requirements  for capital  expenditures  depends in part on the
number of new restaurants  opened and the development costs associated with such
restaurants.

                                    11

<PAGE>

         During the  sixteen  week  period  ended April 22, 1997 the Company had
negative  cash flow from  financing  activities  of $73,470 as  compared to cash
flows of $247,659  for the same period in 1996.  This  decrease in cash flows is
primarily  due to the  Company's  sale of common stock in the amount of $257,599
during 1996 compounded by principal payments on long-term debt during 1997.


                                    12

<PAGE>

                                     PART II
                                OTHER INFORMATION

ITEM 1:           LEGAL PROCEEDINGS

                  None


ITEM 2:           CHANGES IN SECURITIES

                  None


ITEM 3:           DEFAULTS UPON SENIOR SECURITIES

                  Not applicable


ITEM 4:           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

    At the Annual Meeting of Stockholders of Stoico Restaurant Group, Inc. held
on May 5, 1997, the following numbers of votes were cast for the matters
indicated:

         1.       Election of James M. Ash as a Class II Director to serve for
a term of three (3) years.
                                                                      Broker
FOR             AGAINST                   WITHHOLD                   NON-VOTE

4,618,030         110                      11,318                     -0-

         The following directors' term of office continued after the meeting:
Louis Stoico, Jr., Craig W. Barton and John T. Mosley (Mr. Barton resigned from
the Board on June 1, 1997).

         2.  Ratification  of the  Appointment of Allen,  Gibbs & Houlik,  L.C.,
certified public  accountants,  as Independent  Auditors for the Company for the
fiscal year ending December 30, 1997.
                                                                     ABSTAIN
FOR             AGAINST                   WITHHOLD                   NON-VOTE

4,618,060        230                       11,168                     -0-


                                    13

<PAGE>

 ITEM 5:           OTHER INFORMATION

                   None

ITEM 6:            EXHIBITS AND REPORTS ON FORM 8-K

           (a)     EXHIBITS REQUIRED TO BE FILED BY ITEM 601 OF REGULATION S-B

                   3(a)*        Articles of Incorporation
                   3(b)*        Bylaws
                   11           Statement re: computation of per share earnings
                   27           Financial Data Schedule

*        Incorporated by reference to such numbered exhibits filed as part of 
Registration Statement No. 333-5488-D filed with the Commission on August 29, 
1996.

          (b)      REPORTS ON FORM 8-K

                   One Form 8-K was  filed on  January  2, 1997 and the other 
                   was filed on April 7, 1997.

                                     14

<PAGE>

                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the undersigned thereto duly authorized.

DATED: June 6, 1997                     STOICO RESTAURANT GROUP, INC.
                                        (Registrant)

                                        /s/ Louis Stoico, Jr.
                                        ______________________________________
                                        Louis Stoico, Jr.
                                        Chairman of the Board and President


                                        /s/ Cathy K. Martsolf
                                        ______________________________________
                                        Cathy K. Martsolf
                                        Senior Vice President of Administration
                                        and principal accounting officer


                                       15

<PAGE>

                        EXHIBIT INDEX

           EXHIBIT NUMBER      DESCRIPTION
           3(a)*               Articles of Incorporation
           3(b)*               Bylaws
           11                  Statement re: computation of per share earnings
           27                  Financial Data Schedule

*    Incorporated by reference to such numbered exhibits filed as part of 
Registration Statement No. 333-5488-D filed with the Commission on August 29, 
1996.


                                        16

<PAGE>

                                                                    EXHIBIT 11

                          STOICO RESTAURANT GROUP, INC.

                        COMPUTATION OF EARNINGS PER SHARE

<TABLE>
<CAPTION>

                                                                       SIXTEEN WEEKS ENDED
                                                       ---------------------------------------------------
                                                                  APRIL 22,                APRIL 16,
                                                                    1997                     1996
                                                                  --------                 ---------
<S>                                                               <C>                      <C> 
Weighted average common shares outstanding                        5,708,966                4,217,000
Effect of common stock issued or common stock
 options granted during  the twelve-month
period prior to the initial public offering:
         Common stock issued                                              -                   48,010
         Common stock options granted                                21,734                   21,734
                                                          -----------------       ------------------
Total weighted average of common and
common equivalent shares                                          5,730,700                4,286,744
                                                          -----------------       ------------------
Net loss                                                           (706,852)                (412,701)
Loss per share                                                        (0.12)                    (.10)
                                                          -----------------       ------------------
                                    17

</TABLE>
<PAGE>

                         STOICO RESTAURANT GROUP, INC.

                             FINANCIAL DATA SCHEDULE