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

                                    FORM 10-Q

/X/  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
       ACT OF 1934
                 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000

                                        OR

 / /  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934

            FOR THE TRANSITION PERIOD FROM _______________ TO ______

                         COMMISSION FILE NUMBER 0-21423

                          CHICAGO PIZZA & BREWERY, INC.
              (Exact name of registrant as specified in its charter)

      CALIFORNIA                                    33-0485615
     (State or other jurisdiction of               (I.R.S. Employer
       incorporation or organization)               Identification Number)

                              16162 BEACH BOULEVARD
                                    SUITE 100
                       HUNTINGTON BEACH, CALIFORNIA 92647
       (Address and zip code of Registrant's principal executive offices)

                                 (714) 848-3747
               (Registrants telephone number, including area code)



Indicate  by  check  mark  whether  the  Registrant  (1)  has  filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  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  the  past  90  days.  YES  X    NO.
                                                     ---

As  of  November  1,  2000,  there  were 7,658,321 shares of Common Stock of the
Registrant  outstanding  and  7,964,584  Redeemable  Warrants  of the Registrant
outstanding.



<PAGE>



                 CHICAGO PIZZA & BREWERY, INC. AND SUBSIDIARIES



                                                                     PAGE
                                                                     ----

PART I.    FINANCIAL INFORMATION


Item   1.         Consolidated Financial Statements                    1

     Consolidated Balance Sheets -
          September, 2000 (Unaudited) and December 31, 1999                1

     Unaudited Consolidated Statements of  Operations -
          Three Months Ended and Nine Months Ended
          September 30, 2000 and September 30, 1999                        2

     Unaudited Consolidated Statements of Cash Flows -
          Nine Months Ended September 30, 2000 and
          September 30, 1999                                               3

     Notes to Consolidated Financial Statements                            4


Item 2.      Management's Discussion and Analysis of Financial
             Condition and Results of Operations                           5


Item 3.      Quantitative and Qualitative Disclosures about Market Risk   10


PART II.     OTHER INFORMATION


Item 1.     Legal Proceedings                                             10


Item 2.     Changes in Securities                                         11


Item 3.     Defaults Upon Senior Securities                               11


Item 4.     Submission of Matters to a Vote of
               Security Holders                                           11


Item 5.     Other Information                                             11


Item 6.     Exhibits and Reports on Form 8-K                              11



     SIGNATURES




<PAGE>


                          PART I. FINANCIAL INFORMATION


ITEM 1. CONSOLIDATED FINANCIAL INFORMATION

<TABLE>
<CAPTION>

                                    CHICAGO PIZZA & BREWERY, INC.
                                     CONSOLIDATED BALANCE SHEETS


                                                              SEPTEMBER 30,    DECEMBER 31,
                                                                  2000             1999
                                                               (UNAUDITED)
                                                             ---------------  --------------       

ASSETS:
<S>                                                          <C>              <C>
Current assets:
Cash and cash equivalents. . . . . . . . . . . . . . . . .   $    1,098,075   $     188,811 
Accounts receivable. . . . . . . . . . . . . . . . . . . .          216,717         141,968 
Inventory. . . . . . . . . . . . . . . . . . . . . . . . .          556,686         455,880 
Prepaids and other current assets. . . . . . . . . . . . .          216,606         271,854 
                                                             ---------------  --------------

Total current assets . . . . . . . . . . . . . . . . . . .        2,088,084       1,058,513 

Property and equipment, net. . . . . . . . . . . . . . . .       19,843,001      12,529,913 

Other assets . . . . . . . . . . . . . . . . . . . . . . .          379,228         353,595 
Intangible assets, net . . . . . . . . . . . . . . . . . .        5,077,972       5,202,085 
                                                             ---------------  --------------

Total assets . . . . . . . . . . . . . . . . . . . . . . .   $   27,388,285   $  19,144,106 
                                                             ===============  ==============



Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . .   $    3,687,080   $   1,114,757 
Accrued expenses . . . . . . . . . . . . . . . . . . . . .        2,436,062       1,710,984 
Current portion of notes payable to related parties. . . .          371,088         350,341 
Current portion of long-term debt. . . . . . . . . . . . .          676,405         284,919 
Current portion of obligations under capital lease . . . .           55,339         146,942 
                                                             ---------------  --------------

Total current liabilities. . . . . . . . . . . . . . . . .        7,225,974       3,607,943 

Notes payable to related parties . . . . . . . . . . . . .        1,088,067       1,368,807 
Long-term debt . . . . . . . . . . . . . . . . . . . . . .        4,067,996         687,331 
Obligations under capital lease. . . . . . . . . . . . . .              909          22,574 
Other liabilities. . . . . . . . . . . . . . . . . . . . .          449,843         109,131 
                                                             ---------------  --------------

Total liabilities. . . . . . . . . . . . . . . . . . . . .       12,832,789       5,795,786 
                                                             ---------------  --------------

Commitments and contingencies

Minority interest in partnership . . . . . . . . . . . . .          281,440         249,159 

Shareholders' equity:
Preferred stock, 5,000,000 shares authorized, none issued
    Or outstanding
Common stock, no par value, 60,000,000 shares authorized
    and 7,658,321 shares issued and outstanding as of
    September 30, 2000 and December 31, 1999. . . . . . . .      16,076,132      16,076,132 
Capital surplus. . . . . . . . . . . . . . . . . . . . . .          975,280         975,280 
Accumulated deficit. . . . . . . . . . . . . . . . . . . .       (2,777,356)     (3,952,251)
                                                             ---------------  --------------

Total shareholders' equity . . . . . . . . . . . . . . . .       14,274,056      13,099,161 
                                                             ---------------  --------------

Total liabilities and shareholders' equity . . . . . . . .   $   27,388,285   $  19,144,106 
                                                             ===============  ==============
<FN>

       The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>


                                   1


<PAGE>
                          CHICAGO PIZZA & BREWERY, INC.

<TABLE>
<CAPTION>

                                UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS


                                                        FOR THE THREE MONTHS ENDED   FOR THE NINE MONTHS ENDED
                                                               SEPTEMBER 30,               SEPTEMBER 30,


                                                            2000          1999          2000          1999
                                                        ------------  ------------  ------------  ------------
<S>                                                     <C>           <C>           <C>           <C>
Revenues . . . . . . . . . . . . . . . . . . . . . . .  $14,790,790   $10,039,105   $37,316,233   $28,078,790 
Cost of sales. . . . . . . . . . . . . . . . . . . . .    4,119,982     2,861,960    10,323,834     7,876,593 
                                                        ------------  ------------  ------------  ------------
        Gross profit . . . . . . . . . . . . . . . . .   10,670,808     7,177,145    26,992,399    20,202,197 

Costs and expenses:
Labor and benefits . . . . . . . . . . . . . . . . . .    5,218,741     3,543,146    13,318,345    10,050,707 
Occupancy. . . . . . . . . . . . . . . . . . . . . . .    1,122,171       775,823     2,949,304     2,236,200 
Operating expenses . . . . . . . . . . . . . . . . . .    1,517,669     1,106,134     3,911,542     3,032,259 
Preopening costs . . . . . . . . . . . . . . . . . . .      317,857        43,439       775,964       365,352 
Restaurant closure expense                                                              114,300       169,071 
General and administrative . . . . . . . . . . . . . .      927,831       872,249     2,865,304     2,288,017 
Depreciation and amortization. . . . . . . . . . . . .      520,256       392,139     1,408,281     1,135,894 
                                                        ------------  ------------  ------------  ------------
Total cost and expenses. . . . . . . . . . . . . . . .    9,624,525     6,732,930    25,343,040    19,277,500 
                                                        ------------  ------------  ------------  ------------
        Income from operations . . . . . . . . . . . .    1,046,283       444,215     1,649,359       924,697 

Other income (expense):
Interest expense . . . . . . . . . . . . . . . . . . .     (152,783)      (87,292)     (329,779)     (237,269)
Interest income. . . . . . . . . . . . . . . . . . . .          197        22,677         3,724        49,464 
Other income (expense), net. . . . . . . . . . . . . .           47           285        (1,796)        9,991 
                                                        ------------  ------------  ------------  ------------
        Total other income (expense) . . . . . . . . .     (152,539)      (64,330)     (327,851)     (177,814)
                                                        ------------  ------------  ------------  ------------
        Income before minority interest, income taxes
                And change in accounting . . . . . . .      893,744       379,885     1,321,508       746,883 

Minority interest in partnership . . . . . . . . . . .      (47,386)      (33,773)      (54,809)      (53,832)
                                                        ------------  ------------  ------------  ------------
        Income before income taxes and change
                in accounting. . . . . . . . . . . . .      846,358       346,112     1,266,699       693,051 
Income tax expense . . . . . . . . . . . . . . . . . .      (62,291)      (15,236)      (91,803)      (25,811)
                                                        ------------  ------------  ------------  ------------
        Income before change in accounting . . . . . .      784,067       330,876     1,174,896       667,240 
Cumulative effect of change in accounting                                                            (106,175)
                                                        ------------  ------------  ------------  ------------
        Net income . . . . . . . . . . . . . . . . . .  $   784,067   $   330,876   $ 1,174,896   $   561,065 
                                                        ============  ============  ============  ============

Net income (loss) per share:
        Basic and dilutive:
Income before cumulative effect of change in
        Accounting . . . . . . . . . . . . . . . . . .  $      0.10   $      0.04   $      0.15   $      0.09 
Cumulative effect of change in accounting                                                              ($0.01)
                                                        ------------  ------------  ------------  ------------
        Net income per share . . . . . . . . . . . . .  $      0.10   $      0.04   $      0.15   $      0.08
                                                        ============  ============  ============  ============

Weighted average number of shares outstanding:
        Basic. . . . . . . . . . . . . . . . . . . . .    7,658,321     7,658,321     7,658,321     7,328,651 
                                                        ============  ============  ============  ============

        Dilutive . . . . . . . . . . . . . . . . . . .    7,869,303     7,669,453     7,683,778     7,338,419 
                                                        ============  ============  ============  ============

<FN>

            The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>


                                   2


<PAGE>
                          CHICAGO PIZZA & BREWERY, INC.

<TABLE>
<CAPTION>

                  UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                            FOR THE NINE MONTHS
                                                            ENDED SEPTEMBER 30,
                                                            2000          1999
                                                        ------------  ------------
Cash flows provided by (used in) operating activities:
<S>                                                     <C>           <C>
Net income . . . . . . . . . . . . . . . . . . . . . .  $ 1,174,896   $   561,065 
Adjustments to reconcile net income to net cash
      provided by operating activities:
Depreciation and amortization. . . . . . . . . . . . .    1,408,281     1,135,894 
Change in accounting principle                                            106,175 
Minority interest in partnership . . . . . . . . . . .       54,809        53,832 
Loss on disposal of assets . . . . . . . . . . . . . .       75,299       136,925 
Changes in assets and liabilities:
    Accounts receivable. . . . . . . . . . . . . . . .      (74,749)       61,410 
    Inventory. . . . . . . . . . . . . . . . . . . . .     (100,806)      (44,033)
    Prepaids and other current assets. . . . . . . . .       55,248      (156,018)
    Other assets . . . . . . . . . . . . . . . . . . .      (51,831)       (1,553)
    Accounts payable . . . . . . . . . . . . . . . . .    2,572,323        77,466 
    Accrued expenses . . . . . . . . . . . . . . . . .      659,524       254,463 
    Other liabilities. . . . . . . . . . . . . . . . .        9,752        (9,726)
                                                        ------------  ------------

       Net cash provided by operating activities . . .    5,782,746     2,175,900 
                                                        ------------  ------------

Cash flows provided by (used in) investing activities:
Purchases of equipment . . . . . . . . . . . . . . . .   (8,673,358)   (2,913,776)
Proceeds from sale of restaurant equipment . . . . . .       27,000        48,867 
                                                        ------------  ------------

Net cash used in investing activities. . . . . . . . .   (8,646,358)   (2,864,909)
                                                        ------------  ------------

Cash flows provided by (used in) financing activities:
Proceeds from sale of common stock                                      1,000,000 
Proceeds from long-term debt . . . . . . . . . . . . .    4,000,000       699,604 
Landlord contribution for tenant improvements. . . . .      396,514 
Payments on related party debt . . . . . . . . . . . .     (259,993)     (256,552)
Payments on debt . . . . . . . . . . . . . . . . . . .     (227,849)     (218,120)
Capital lease payments . . . . . . . . . . . . . . . .     (113,268)      (96,556)
Repurchase of redeemable warrants                                         (28,858)
Distribution to minority interest partners . . . . . .      (22,528)      (18,528)
                                                        ------------  ------------

       Net cash provided by financing activities . . .    3,772,876     1,080,990 
                                                        ------------  ------------

       Net increase in cash and cash equivalents . . .      909,264       391,981 

Cash and cash equivalents, beginning of period . . . .      188,811     1,490,705 
                                                        ------------  ------------

Cash and cash equivalents, end of period . . . . . . .  $ 1,098,075   $ 1,882,686 
                                                        ============  ============





<FN>

     The accompanying notes are an integral part of these consolidated financial
                                    statements.
</TABLE>



                                   3


<PAGE>

                          CHICAGO PIZZA & BREWERY, INC.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------


BASIS OF PRESENTATION

     The  accompanying  unaudited  consolidated  financial statements of Chicago
Pizza  & Brewery, Inc. and its subsidiaries (the "Company") for the three months
and  nine  months  ended  September  30,  2000  and  1999  have been prepared in
accordance  with  generally  accepted  accounting  principles,  and  with  the
instructions  to  Form  10-Q  and  Rule 10-01 of Regulation S-X. These financial
statements  have  not  been  audited by independent accountants, but include all
adjustments  (consisting  of  normal  recurring  adjustments)  which  are,  in
Management's  opinion,  necessary  for  a  fair  presentation  of  the financial
condition, results of operations and cash flows for such periods. However, these
results  are  not necessarily indicative of results for any other interim period
or  for  the  full  year.

     Certain information and footnote disclosures normally included in financial
statements in accordance with generally accepted accounting principles have been
omitted  pursuant  to  requirements  of  the  Securities and Exchange Commission
(SEC).  A  description  of the Company's accounting policies and other financial
information  is  included  in  the  audited consolidated financial statements as
filed with the SEC on Form 10-K for the year ended December 31, 1999. Management
believes  that  the  disclosures  included in the accompanying interim financial
statements  and  footnotes  are adequate to make the information not misleading,
but should be read in conjunction with the consolidated financial statements and
notes  thereto  included in the Form 10-K. The accompanying consolidated balance
sheet  as  of  December  31,  1999  has  been derived from the audited financial
statements.


ORGANIZATION

Chicago  Pizza  &  Brewery,  Inc. (the "Company" or "BJ's") owns and operates 29
restaurants  located in Southern California, Oregon and Colorado and an interest
in  one  restaurant  in Lahaina, Maui.  Each of these restaurants is operated as
either  a BJ's Restaurant & Brewery, a BJ's Restaurant & Brewhouse, a BJ's Pizza
&  Grill - OTC or a Pietro's Pizza restaurant.  The menu at the BJ's restaurants
feature  BJ's  award-winning,  signature  deep-dish pizza, BJ's own hand-crafted
beers  as  well as a great selection of appetizers, entrees, pastas, sandwiches,
specialty  salads  and desserts.  The five BJ's Restaurant & Brewery restaurants
feature  in-house  brewing facilities where BJ's handcrafted beers are produced.
The  seven  Pietro's Pizza restaurants serve primarily Pietro's thin-crust pizza
in  a  very  casual,  counter-service  environment.

     The  Company's  current focus is on the development of the larger footprint
BJ's  restaurants  in  high  profile  locations with favorable demographics. The
Company  opened a BJ's Restaurant & Brewery in West Covina, California in August
2000  and  a  BJ's  Restaurant  &  Brewhouse  in Huntington Beach, California in
October 2000. This brings the number of larger footprint BJ's restaurants opened
to  four  during  2000.  The Company is currently in negotiations for additional
sites in California, Arizona and Washington, but does not anticipate opening any
additional  restaurants  before  the  end  of  the  current  year.

RELATED PARTY

The  Jacmar  Companies ("Jacmar"), the Company's largest supplier of product and
paper  goods,  holds  approximately 11.9% of the outstanding Common Stock of the
Company.  Jacmar  supplied  the  Company  with  approximately  $4,647,000  and
$3,081,000  worth of food and beverage products for the nine-month periods ended
September  30,  2000  and  1999,  respectively.  As  of  September 30, 2000, the
Company  had  a  payable  to Jacmar of approximately $1,331,000 for merchandise.
This  amount  represents  approximately sixty-two days of purchases, and will be
paid  in accordance with a schedule agreed to by both parties commencing in late
November  2000.

RECENTLY ISSUED ACCOUNTING STANDARDS

     As  had  been  the  practice  of  many  restaurant  entities,  the  Company
previously  deferred its restaurant preopening costs and amortized them over the
twelve-month period following the opening of each new restaurant. In April 1998,
the  Accounting  Standards  Executive  Committee  of  the  American Institute of
Certified  Public  Accountants  issued  Statement  of  Position 98-5 (SOP 98-5),

                                   4

<PAGE>

Accounting  for the Costs of Start-Up Activities. SOP 98-5 requires all costs of
start-up activities that are not otherwise capitalizable as long-lived assets to
be  expensed as incurred. The Company adopted  SOP 98-5 during the first quarter
of 1999. This accounting standard accelerates the Company's recognition of costs
associated with the opening of new restaurants but will benefit the post-opening
results  of  new restaurants. The Company's total deferred preopening costs were
$106,175  at January 1, 1999. As provided by SOP 98-5, the Company wrote off the
balance  of  deferred  preopening  costs  during  the  first  quarter  of  1999.

     Other recently issued standards of the FASB are not expected to affect the
Company, as conditions to which those standards apply are absent from the
Company's operations.

DIVIDEND POLICY

     The  Company  has  not  paid  any  dividends  since  its  inception and has
currently  not  allocated  any funds for the payment of dividends. Rather, it is
the  current  policy of the Company to retain earnings, if any, for expansion of
its  operations,  remodeling of existing restaurants and other general corporate
purposes and to not pay any cash dividends in the foreseeable future. Should the
Company  decide  to  pay  dividends in the future, such payments would be at the
discretion  of  the  Board  of  Directors.


ITEM  2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

     The  following  discussion  and analysis should be read in conjunction with
the  Company's  Unaudited  Consolidated  Financial  Statements and notes thereto
included  elsewhere  in  this  Form 10-Q.  Except for the historical information
contained  herein,  the  discussion  in  this Form 10-Q contains certain forward
looking  statements  that involve risks and uncertainties, such as statements of
the  Company's  plans,  objectives, expectations and intentions.  The cautionary
statements  made  in  this  Form  10-Q should be read as being applicable to all
related  forward-looking statements wherever they appear in this Form 10-Q.  The
Company's  actual  results  could  differ  materially from those discussed here.
Factors  that  could  cause  or  contribute to such differences include, without
limitation, those factors discussed herein and in the Company's annual report as
reported  on  Form  10-K  dated December 31, 1999 including, without limitation:
(i)  the  Company's  ability to manage growth and conversions, (ii) construction
delays,  (iii)  marketing  and  other  limitations  as a result of the Company's
historic  concentration  in Southern California and current concentration in the
Northwest,  (iv)  restaurant  and  brewery  industry  competition, (v) impact of
certain  brewery  business  considerations,  including  without  limitation,
dependence upon suppliers and related hazards, (vi)   increase in food costs and
wages,  including  without limitation the recent increase in minimum wage, (vii)
consumer  trends,  (viii)  potential  uninsured  losses  and  liabilities,  (ix)
trademark  and  servicemark risks, and (x) other general economic and regulatory
conditions  and  requirements.


RESULTS OF OPERATIONS

Three-Month Period Ended September 30, 2000 Compared to Three-Month Period Ended
September 30, 1999.

Revenues.  Total  revenues  for  the  three  months  ended  September  30,  2000
increased  to $14,791,000 from $10,039,000 for the comparable period in 1999, an
increase  of  $4,752,000  or  47.3%.  The  increase  is primarily the result of:

The  opening  of  BJ's Restaurant & Brewhouses in La Mesa, California, Valencia,
California  and Burbank, California, in November 1999, March 2000 and June 2000,
respectively. These new locations, along with the opening of a BJ's Restaurant &
Brewery  in  West  Covina,  California  in  August  2000 provided an increase in
revenues  of  $4,173,000 during the third quarter of 2000 when compared with the
third  quarter  of  1999.

An  increase in the BJ's restaurants same store sales for the comparable periods
of  $673,000,  or  7.6%.  Management  believes  this  increase was due to (i) an
increase  in  customer  counts in all but one of the California and three of the

                                   5

<PAGE>

Oregon BJ's restaurants, and (ii) an increase in check averages resulting from a
small  price  increase  implemented  in  November  1999.

The  increase  in revenues resulting from the above factors was partially offset
by:

A  decrease  in  third  quarter  revenues  at  the  BJ's Restaurant & Brewery in
Woodland  Hills,  California  and  the  BJ's  Restaurant and Brewhouses in Lloyd
Center,  Oregon  and  Gresham,  Oregon  totaling  $126,000,  or  7.9%  of  their
comparable  period  1999  sales.

The  closing  of  a Pietro's pizzeria in Longview, Washington in June 2000.  The
Company  chose  not to exercise its option to extend its lease at this location.
The  Longview  Pietro's  had  sales of $98,000 during the third quarter of 1999.

     Cost  of  Sales.  Cost of food, beverages and paper (cost of sales) for the
restaurants  increased  to  $4,120,000  for the three months ended September 30,
2000  from  $2,862,000  for  the  comparable  period  of  1999,  an  increase of
$1,258,000  or 44.0%. As a percentage of sales, cost of sales decreased to 27.9%
for  the  current  quarter from 28.5% for the comparable prior-year quarter. The
Company's  same-store BJ's cost of sales, as a percentage of sales, decreased to
27.8%  from  28.6%  during the three months ended September 30, 2000 compared to
the  comparable  period  of  1999.  The  overall  improvement  in  cost of sales
percentage  was  primarily  due to the increase in revenues discussed above, and
improved  food  and  beverage cost control in the Arcadia, California restaurant
and  the  restaurant  and  brewery  in  Woodland Hills, California both of which
opened  in  early  1999.  As  a  percentage  of  their  revenues,  these  stores
collectively  reduced  cost  of  sales  to  28.5% for the third quarter of 2000,
compared  to 30.8% for the comparable quarter of 1999. A reduction in food costs
as  a percentage of sales is in line with the Company's experience as operations
at  newly developed restaurants are refined and the restaurant matures.  Cost of
sales  percentage  reductions  were  also  achieved  at  the  Huntington  Beach,
California  and the Stark Street, Portland, Oregon restaurants of 1.3% and 2.0%,
respectively.  The  same-store  Northwest  Pietro's  restaurants  showed  a 1.7%
improvement  in  cost  of  sales  relative  to  revenues.

     Labor.  Labor  costs  for  the Company increased to $5,219,000 in the three
months  ended  September  30,  2000 from $3,543,000 for the comparable period in
1999,  an  increase  of  $1,676,000 or 47.3%. As a percentage of revenues, labor
costs  remained constant at 35.3% for both the 2000 and 1999 periods. Same-store
BJ's  labor  costs,  as  a  percentage  of  sales, for the third quarter of 2000
decreased  to  33.8%  from 35.3% for the comparable period of 1999. Contributing
significantly  to  the  decrease  was the maturing of operations at the Arcadia,
California  restaurant and Woodland Hills, California restaurant & brewery, both
of  which  opened  in  early  1999.  The  Company  intentionally  overstaffs new
restaurants  during  the  startup phase of operations to allow for newly trained
employees,  an  initial  higher  customer  count  and  to  ensure  a good dining
experience  by  its  customers.  Combined, these two large-footprint restaurants
reduced  their  labor costs as a percentage of revenues for the third quarter of
2000  to  33.2%  from  39.9%  for  the  comparable  period  of  the  prior year.

As  anticipated, the Company experienced initially higher labor cost percentages
at the four restaurants opened subsequent to September 30, 1999. The restaurants
opened in La Mesa, Valencia, Burbank and West Covina, California had labor costs
as  a  percentage  of  sales  of  38.9%  during the third quarter of 2000. Labor
percentages  at  the  Northwest  Pietro's  stores  were  unchanged  at 34.1% for
three-month  period  of  2000  when  compared  to  the  same  period  of  1999.

     Occupancy.  Occupancy costs increased to $1,122,000 during the three months
ended  September 30, 2000 from $776,000 during the comparable period in 1999, an
increase of $346,000, or 44.6%.  The increase reflects the three additional BJ's
concept  restaurants  that  were  open the entire third quarter of 2000, and the
West  Covina restaurant that opened in August 2000. As a percentage of revenues,
occupancy  costs  decreased  to  7.5%  in  the 2000 period from 7.7% of the 1999
period.  The  primary  reasons  for  the decrease in occupancy costs relative to
revenues  was  the  addition  of  high  volume  restaurants  and the increase in
same-store  sales,  which  combined  to cause a greater proportion of rent to be
based  on  percentage  rent  computations.

                                   6


<PAGE>

Operating Expenses.  Operating expenses increased to $1,518,000 during the three
months  ended September 30, 2000 from $1,106,000 during the comparable period in
1999,  an  increase  of  $412,000  or  37.3%.  Operating  expenses  include
restaurant-level  operating  costs,  the  major  components  of  which  include
marketing,  repairs  and maintenance, supplies and utilities. The opening of the
BJ's Restaurant & Brewhouses in La Mesa, California, in November 1999, Valencia,
California  in  March  2000,  Burbank,  California  in  June  2000  and the BJ's
Restaurant  &  Brewery  in  West  Covina,  California in August 2000 resulted in
$425,000 of operating expenses during the third quarter of 2000. As a percentage
of revenues, operating expenses decreased to 10.3% in the 2000 period from 11.0%
in  the  1999 period. Management believes the primary reason for the decrease in
operating expenses as a percentage of revenues was a continuing emphasis on cost
controls  in  restaurant  operations.

General  and  Administrative  Expenses.  General  and  administrative  expenses
increased  to  $928,000  during  the  three months ended September 30, 2000 from
$872,000  during  the comparable period in 1999, an increase of $56,000 or 6.3%.
As  a  percentage  of revenues, general and administrative expenses decreased to
6.3%  from 8.7% for the comparable period of 1999. During 1999 and continuing in
2000,  the Company hired management and committed resources to systems and staff
development  to  plan  and manage the Company's growth strategy. As the intended
growth  in  restaurant  revenues  materialized  during  2000,  general  and
administrative  expenses  as  a percentage of revenue decreased during the third
quarter  of  2000  in  comparison  to  the  comparable  period  of  1999.

     Preopening Costs. Since January 1999, the Company expenses costs associated
with  the  opening of new restaurants as incurred. During the three-month period
ended  September  30, 2000, the Company incurred costs of $318,000 partially due
to  preparations  for  the  openings  of  its new restaurant and brewery in West
Covina, California. Preparations for the opening of its restaurant and brewhouse
in  Huntington Beach, California, opened in October 2000, added to third quarter
2000  preopening costs. During the third quarter of 1999, the Company was in the
process of opening one restaurant. These costs will fluctuate from year to year,
depending upon, but not limited to, the number of restaurants under development,
the  size  and  concept of the restaurants being developed and the complexity of
the  staff  hiring  and  training  process.

     Depreciation  and Amortization.  Depreciation and amortization increased to
$520,000  during  the three- month period ended September 30, 2000 from $392,000
during  the  comparable  period  in 1999, an increase of $128,000 or 32.7%. This
increase  was  primarily  due to the addition of restaurant equipment, furniture
and  improvements  and  brewery equipment totaling $8,619,000 for the restaurant
and  brewery  opened  in West Covina, California in late 1999 and restaurant and
brewhouses  in  La  Mesa,  Valencia and Burbank, California during the first two
quarters  of  2000.

     Interest Expense. Interest expense increased to $153,000 during the quarter
ended  September  30, 2000 from $87,000 during the comparable period in 1999, an
increase  of  $66,000,  or  75.9%.  This  increase  was  primarily  due  to  the
additional  debt  incurred  by the Company to finance leasehold improvements and
equipment  for  the  new  restaurants  in  Valencia,  Burbank,  West  Covina and
Huntington  Beach,  California.  The  average  weighted balance during the third
quarter  of  2000  of  this  additional  debt  was  $3,208,000.

Nine-Month Period Ended September 30, 2000 Compared to Nine-Month Period Ended
September 30, 1999.

Revenues.  Total revenues for the nine months ended September 30, 2000 increased
to  $37,316,000  from $28,079,000 for the comparable period in 1999, an increase
of  $9,237,000  or  32.9%.  The  increase  is  primarily  the  result  of:

The  opening  of  restaurant  and  brewhouses  in Arcadia, La Mesa, Valencia and
Burbank,  California  in  January 1999, November 1999, March 2000 and June 2000,
respectively,  and  restaurant  &  breweries  in Woodland Hills and West Covina,
California  in  April  1999  and  August 2000, respectively. These new locations
provided  an  increase in revenues of $8,301,000 during the first nine months of
2000.

An  increase in the BJ's restaurants same store sales for the comparable periods
of  $1,820,000,  or  9.6%.  Management  believes this increase was due to (i) an
increase in customer counts in the California and Colorado restaurants, and (ii)
an  increase in check averages resulting from a minor price increase implemented
in  November  1999.

                                   7

<PAGE>

The  increase  in  revenues  from  the  above  factors  was partially offset by:

The  closing of a restaurant and brewhouse in The Dalles, Oregon in May 1999 and
Pietro's  pizzerias  in Eugene, Oregon and Longview, Washington in June 1999 and
June  2000, respectively.  These locations generated revenues of $970,000 during
1999,  when  they  were  open  for  portions  of  the  nine-month  period.

     Cost  of  Sales.  Cost of food, beverages and paper (cost of sales) for the
restaurants  increased  to  $10,324,000  for the nine months ended September 30,
2000  from  $7,877,000  for  the  comparable  period  of  1999,  an  increase of
$2,447,000  or  31.1%. As a percentage of sales, cost of sales declined to 27.7%
from 28.1% for the nine-month period of 1999. The Company's BJ's same-store cost
of  sales,  as  a  percentage of sales, improved to 27.6% during the nine months
ended  September  30,  2000  from  27.9%  for the comparable period of 1999. The
same-store  Northwest  Pietro's restaurants reduced their cost of sales to 29.0%
for  the  first  three  quarters of 2000 from 29.5% for the comparable period of
1999.

The  improvement  in same store cost of sales was partially offset by the higher
food  costs  associated  with  the  opening  of  the new restaurants in La Mesa,
Valencia,  Burbank,  and  West  Covina,  California.  As  a  percentage of their
revenues,  these new stores collectively incurred cost of sales of 28.9% for the
first nine months of 2000. A higher cost of sales percentage in the early months
of  operations  is  in  line  with  the  Company's  experience  when opening new
restaurants.

     Labor.  Labor  costs  for  the restaurants increased to $13,318,000 for the
nine  months ended September 30, 2000 from $10,051,000 for the comparable period
in  1999, an increase of $3,267,000 or 32.5%. As a percentage of revenues, labor
costs  decreased  slightly  to  35.7%  in the 2000 period from 35.8% in the 1999
period.  The  overall  increase  was attributable to the opening of the La Mesa,
California  restaurant  &  brewhouse  in  November 1999 and the three additional
California  restaurant  &  brewhouses  opened during the first three quarters of
2000;  labor  costs at these restaurants totaled $2,718,000.  As a percentage of
revenues,  these  four  restaurants  had labor costs of 37.9% for the nine-month
period  ended  September  30,  2000.  The  Company  intentionally overstaffs new
restaurants  during  the  startup phase of operations to allow for newly trained
employees,  an  initial  higher  customer  count  and  to  ensure  a good dining
experience  by  its  customers.

Same-store  BJ's  labor costs increased $634,000, or 9.6%, to $7,225,000 for the
nine  months  ended September 30, 2000 from $6,591,000 for the comparable period
of  1999.  This  increase was necessary to support the growth in same-store BJ's
revenues for the nine-month period. As a percentage of revenues same-store labor
costs  for  the  three months of 1999 increased slightly to 34.7% from 34.6% for
the  comparable  period  of  1999.

     Occupancy.  Occupancy  costs increased to $2,949,000 during the nine months
ended  September  30, 2000 from $2,236,000 during the comparable period in 1999,
an increase of $713,000, or 31.9%.  As a percentage of revenues, occupancy costs
declined  slightly  to  7.9%  from  8.0% for the 1999 nine-month period.  Due to
increased  revenues,  the  BJ's  restaurants  same-store  occupancy  costs  as a
percentage  of sales decreased to 7.2% from 7.6% for the comparable 1999 period.
This  was  offset  by  an  increase  at  the  same store Pietro's restaurants of
occupancy  costs  as  a  percentage  of sales to 11.4% for the nine-months ended
September  30,  2000  compared  to  10.7% for the comparable period of the prior
year.

Operating  Expenses.  Operating expenses increased to $3,912,000 during the nine
months  ended September 30, 2000 from $3,032,000 during the comparable period in
1999,  an  increase  of  $880,000 or 29.0%. The restaurant & breweries opened in
January  1999 and August 2000 and the restaurant & brewhouses opened in November
1999,  March,  April  and  June  2000  respectively,  accounted  for $847,000 of
increased  operating  costs  during  the  first  three  quarters  of  2000. As a
percentage of revenues, operating expenses decreased to 10.5% in the 2000 period
from  10.8%  in  the  1999  period.  Operating expenses include restaurant-level
operating  costs,  the  major components of which include marketing, repairs and
maintenance,  supplies  and  utilities.  Management  believes  the  decrease  in
operating  expenses  as  a  percentage of revenues resulted from a focus on more
efficient  operations  at  recently  opened  restaurants.

                                   8

<PAGE>

     General  and  Administrative Expenses.  General and administrative expenses
increased  to  $2,865,000  during  the nine months ended September 30, 2000 from
$2,288,000  during  the  comparable  period  in 1999, an increase of $577,000 or
25.2%.  The increase in general and administrative expenses was primarily due to
acquiring  resources  to  implement  and  support the Company's growth strategy,
incurring  costs  in  locating  and  evaluating sites for future restaurants and
developing  staff  and  systems  to  manage  anticipated  future expansion. As a
percentage  of  revenues,  general and administrative expenses decreased to 7.7%
from  the  8.1%  of  the  comparable  period  of  1999.

     Preopening  Costs.  During  the nine-month period ended September 30, 2000,
the  Company  incurred costs of $776,000 due to preparations for the openings of
its  new  restaurants  in Valencia, Burbank and Huntington Beach, California and
the  restaurant & brewery in West Covina, California. These costs will fluctuate
from  year  to year, possibly significantly, depending upon, but not limited to,
the  number  of  restaurants  under  development,  the  size  and concept of the
restaurants  being developed and the complexity of the staff hiring and training
process.

     Depreciation  and  Amortization. Depreciation and amortization increased to
$1,408,000  during  the  nine-  month  period  ended  September  30,  2000  from
$1,136,000  during  the  comparable  period  in 1999, an increase of $272,000 or
23.9%.  This increase was primarily due to the addition of restaurant equipment,
furniture  and  improvements  and brewery equipment totaling $11,957,000 for the
restaurant  and  breweries  opened in Woodland Hills and West Covina, California
and  restaurant  and  brewhouses  in  Arcadia,  La  Mesa,  Burbank and Valencia,
California.  Depreciation  of  capital  assets  at  these  locations  increased
depreciation  expense  by $290,000 during the first three quarters of 2000. This
increase  was  partially  offset  by  the closing of three Northwest restaurants
since  late  May  of  1999.

     Interest  Expense.  Interest  expense increased to $330,000 during the nine
months  ended  September  30, 2000 from $237,000 during the comparable period in
1999,  an increase of $93,000, or 39.2%.  This increase was primarily due to the
additional  debt  incurred  by  the  Company  to  finance  equipment for the new
restaurants  in Valencia, Burbank, West Covina and Huntington Beach, California.
Interest  expense  related to these projects, including amortization of the loan
fee,  totaled  $144,000 during the first three quarters of 2000. This amount was
partially  offset  by  reduced  interest  expense  on older debt and capitalized
leases  due  to  normal  principal  amortization.

LIQUIDITY  AND  CAPITAL  RESOURCES

     The  Company's  operating  activities,  as  detailed  in  the  Consolidated
Statement  of  Cash  Flows,  provided $5,783,000 net cash during the nine months
ended  September 30, 2000, a $3,607,000, or 165.8%, increase over the $2,176,000
generated in the comparable period of the prior year. This increase in cash from
operating activities during the first nine months of 2000 was primarily due to a
$2,572,000  increase  in  accounts  payable  during  the period. Of the accounts
payable  balance  at  September  30,  2000,  $1,331,000  was  owed to the Jacmar
Companies,  a  related  party.  This  represents approximately sixty-two days of
purchases,  and  will  be  paid  in accordance with a schedule agreed to by both
parties  commencing  in  late  November  2000.

     Of  cash  generated  by  operating  activities  in  the  nine  months ended
September  30, 2000, approximately $4,673,000, or 80.8%, was put into restaurant
development.  Total  capital  expenditures for the acquisition of restaurant and
brewery  equipment  and  leasehold improvements to construct new restaurants was
$8,673,000 and $2,914,000 for the nine months ended September 30, 2000 and 1999,
respectively,  an  increase  of  $5,759,000,  or 197.6%. These expenditures were
required  to  develop  the new California restaurants in Valencia, Burbank, West
Covina  and  Huntington  Beach,  which  was close to completion at September 30,
2000.  The Company received contributions totaling $397,000 from the landlord to
partially  offset  the  cost  of tenant improvements at its Valencia, California
development.  Debt  reduction  on  loans  exclusive  of  recent  borrowings  for
construction, including the principal portion of capitalized lease payments, for
the nine months ended September 30, 2000 and 1999 totaled $601,000 and $571,000,
respectively.

     Due  to  restaurant  development requiring the utilization of a substantial
portion  of  operating  cashflow  since  early  1999, the Company has had little
opportunity to build working capital. The three California restaurants mentioned
above and opened prior to September 30, 2000, together with the Arcadia, La Mesa
and  Woodland  Hills, California restaurants opened during 1999, were considered
essential  to  the  Company's  growth  strategy.  These  six  large-footprint
restaurants generated cashflow at an annualized rate of approximately $5,076,000
during the nine months ended September 30, 2000. With no additional construction
anticipated  prior  to  the  second  quarter  of  2001,  management expects this
additional future cashflow, as well as the cashflow of prior existing stores, to
improve  the  Company's  working  capital  position.

                                   9

<PAGE>

Management  believes  that  the  Company's  current  resources  and  operational
cashflow is sufficient to sustain its operations for at least the next year. The
Company intends to resume the development of additional restaurants. In order to
fund the opening of additional restaurants the Company will require, and intends
to  raise,  additional  capital  through  either  increased bank borrowings, the
issuance  of  debt  or  equity  securities,  or  the  formations  of  additional
investment  or loan arrangements, or a combination of the foregoing. The Company
 presently  has  no  firm  commitments in that regard and can give no assurances
that  management  can  successfully  implement  such  objectives.

LONG-TERM  CONSTRUCTION  LOAN

     In  February  2000, the Company entered into an agreement with a bank for a
collateralized term loan for a maximum amount of $4,000,000. There is an initial
twelve-month  draw  down period and a subsequent sixty-month term out period. At
September  30,  2000,  the  outstanding  principal  balance under this borrowing
arrangement  was $4,000,000. The weighted average interest rate from the date of
initial  drawdown  through  September  30, 2000 was 10.22% percent. The borrowed
funds,  augmented  by  the  Company's  operating  cashflow,  were  used  for the
construction  and  equipment  costs  related  to  the  development  of  the four
restaurants  opened  during  2000.

IMPACT OF INFLATION

     Impact  of  inflation  on food, labor and occupancy costs can significantly
affect  the  Company's  operations.  Many  of  the  Company's employees are paid
hourly  rates  related  to  the  federal  minimum wage, which has been increased
numerous  times  and  remains  subject  to  future  increases.

SEASONALITY  AND  ADVERSE  WEATHER

     The  Company's  results  of  operations  have historically been impacted by
seasonality,  which directly impacts tourism at the Company's coastal locations.
The  summer  months  (June through August) have traditionally been higher volume
periods  than  other  periods  of  the  year.


I
TEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK.

     The  Company  is  exposed  to market risk from changes in commodity prices,
since  many  of  the  food  products  purchased  by  the Company are affected by
commodity  pricing,  and,  therefore,  are  vulnerable  to  unpredictable  price
fluctuations. Over the recent past, the Company has experienced price volatility
in  such  products as cheese and produce. The Company buys a significant portion
of  its  product  from  a  distributor,  and has only minimal forward purchasing
agreements  with  other  suppliers.  Material  changes in commodity prices could
negatively  affect  the  Company's  margins  in  the  short-term.

     Longer-term  changes  in  commodity  pricing  would  affect  most  of  the
restaurant  industry  as well the Company. The Company most likely would be able
to  mitigate  increased  commodity  prices  by  increasing  menu prices, thereby
passing them through to consumers, and by varying its menu product mix. However,
competitive  circumstances  could limit menu pricing and/or mix strategies, and,
in those circumstances, commodity price fluctuations would negatively impact the
Company's margins. Management believes, however, that were such circumstances to
occur,  they  would  not  materially impact the Company's results of operations.


                           PART II.  OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

     Restaurants  such  as  those  operated  by  the  Company  are  subject to a
continuous  stream  of  litigation  in  the ordinary course of business, most of
which  the  Company  expects  to  be covered by its general liability insurance.
Punitive  damages  awards,  however,  are  not  covered by the Company's general
liability  insurance.  To  date,  the Company has not paid punitive damages with
respect  to any claims, but there can be no assurance that punitive damages will
not  be  awarded  with  respect  to  any  future  claims  or  any other actions.

                                   10

<PAGE>


ITEM  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

          None.


ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES

          None.


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

          None.


ITEM  5.  OTHER  INFORMATION

          None.


ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a)     Exhibits

             3.1     Amended  and  Restated  Articles  of  Incorporation  of
                     the Company, as amended  incorporated  by  reference  to
                     the Company's Registration Statement on Form  SB-2,  
                     effective  October  8, 1996 (SEC File No. 333-5182-LA), 
                     referred to herein  as  the  "Registration  Statement".

             3.2     Bylaws  of the Company, as amended, incorporated by 
                     reference to Exhibit 3.2  of  Form  10-Q  dated  
                     March  31,  1999.

             4.1     Specimen  Common  Stock Certificate of the Company 
                     (incorporated by reference  to  Exhibit  4.1  of  the  
                     Registration  Statement).

             4.2     Warrant  Agreement (incorporated by reference to Exhibit
                     4.2 of the Registration  Statement).

             4.3     Specimen  Common  Stock Purchase Warrant (incorporated 
                     by reference to  Exhibit  4.3  of  the  Registration  
                     Statement).
             4.4     Form  of  Representative's  Warrant  (incorporated  by 
                     reference to Exhibit  4.4.  of  the  Registration  
                     Statement).
     
            27.1     Financial Data Schedule

(b)         Reports on Form 8-K

            The Company filed no reports on Form 8-K during the quarter ended
            September  30,  2000.



<PAGE>


SIGNATURES

In  accordance with the requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be signed on its behalf  by the
undersigned,  thereunto  duly  authorized.


                                   CHICAGO PIZZA & BREWERY, INC.
                                   (Registrant)


November 8, 2000
                                        By:  /s/ PAUL A. MOTENKO
                                             --------------------
                                             Paul A. Motenko
                                             Co-Chief Executive Officer, Vice
                                             President, Secretary and 
                                             Co-Chairman of the Board of
                                             Directors



                                        By:  /s/ JEREMIAH J. HENNESSY
                                             -------------------------
                                             Jeremiah J. Hennessy
                                             Co-Chief Executive Officer and 
                                             Co-Chairman of the Board of 
                                             Directors



                                        By:  /s/ ERNEST T. KLINGER
                                             ----------------------
                                             Ernest T. Klinger
                                             President, Chief Financial 
                                             Officer and Co-Chairman of the 
                                             Board ofDirectors






<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Chicago
Pizza & Brewery, Inc.'s Consolidated Financial Statements for the three-month
and nine-month periods ended September 30, 2000 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-2000
<PERIOD-START>                             JUL-01-2000             JAN-31-2000
<PERIOD-END>                               SEP-30-2000             SEP-30-2000
<CASH>                                           1,098                   1,098
<SECURITIES>                                         0                       0
<RECEIVABLES>                                      218                     218
<ALLOWANCES>                                         0                       0
<INVENTORY>                                        557                     557
<CURRENT-ASSETS>                                 2,088                   2,088
<PP&E>                                          25,290                  25,290
<DEPRECIATION>                                   5,447                   5,447
<TOTAL-ASSETS>                                  27,388                  27,388
<CURRENT-LIABILITIES>                            7,226                   7,226
<BONDS>                                          5,157                   5,157
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                        16,076                  16,076
<OTHER-SE>                                     (1,802)                 (1,802)
<TOTAL-LIABILITY-AND-EQUITY>                    27,388                  27,388
<SALES>                                         14,791                  37,316
<TOTAL-REVENUES>                                14,791                  37,316
<CGS>                                            4,120                  10,324
<TOTAL-COSTS>                                    9,625                  25,343
<OTHER-EXPENSES>                                     0                       2
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                 153                     330
<INCOME-PRETAX>                                    846                   1,267
<INCOME-TAX>                                        62                      92
<INCOME-CONTINUING>                                784                   1,175
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                       784                   1,175
<EPS-BASIC>                                       0.10                    0.15
<EPS-DILUTED>                                     0.10                    0.15
        

</TABLE>