Helme Products, Inc. - Stock Certificate

Specimen Stock printed by American Bank Note Company.

Schrafft's was a chain of high-volume moderately priced New York restaurants connected to the Schrafft's food and candy business of Boston. The dining rooms, which had tablecloths at dinner time, and later had separate standing bar areas, were supplemented by fountain service lunch counters, separate rooms in which were displayed for sale Schrafft's branded candy and ice cream, and various items such as wrapped gift baskets of fruit, candy and stuffed toys.

Schrafft's was founded by William G. Schrafft as a candy manufacturer in Boston but over time the company became a well-known restaurant chain as well. In 1898 Frank G. Shattuck, a salesman for the Schrafft company from upstate New York, opened a candy store at Broadway and West 36th Street in Manhattan, New York City. His sister, Jane Shattuck, was largely responsible for the introduction of light lunches into the stores.

The first location to serve food was the Syracuse store in 1906. By 1909 Jane introduced meals to the second New York City Schrafft's, at 54 West 23rd Street in the heart of the Ladies' Mile shopping district. By 1927 there were 25 units, mostly in New York, and by 1928 Schrafft's revenue from lunch sales was US$1 million a month.

Schrafft's was known for an air of gentility typical of the upper-middle-class home. Cooks, supervisors, and even some executives were women. Menus of the 1920s and 1930s included many salads, more desserts than entrees, and vegetable selections such as creamed cauliflower and fried eggplant.

Rent cuts in The Depression encouraged chain expansion, and by 1937 there were 43 Schrafft's, primarily in metropolitan New York City, but a few in Boston and Philadelphia. The 1939 WPA Guide to New York City said Schrafft's had 38 locations in the metropolitan area, serving American home food. At its peak there were about 50 units in greater New York.

In the late 1960s the Schrafft's candy company was sold to Helme Products while Pet, Inc. bought the restaurants in 1967 for US$14 million. Pet made a renewed effort to renovate Schrafft's image, attract men with men-only sections of the restaurants, and diversified by opened a chain of Schrafft's motels.

In the 1970s, however, the chain dwindled with most restaurant locations closing within the decade. In 1981 the candy company ceased while the few restaurants remaining were in various hands.

in 2019, James Byrne, a Godson of the Shattucks, the founding family of Schrafft's Restaurants, announced the return of the brand with plans to open brick-and-mortar retail.

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