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Busy Cafe/Restaurant Downtown in Capitol City

Montpelier, VT (Washington County)

Seller Financing Available
Busy Cafe/Restaurant Downtown in Capitol City
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Asking Price: $85,000

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $60,000

Inventory: $4,000

Rent: $2,420 /Month

Established: 2011

Busy Cafe/Restaurant Downtown in Capitol City

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Business Description

Busy Cafe Restaurant in Downtown Montpelier

A unique eclectic cafe/restaurant located on Main Street in the heart of downtown Montpelier, Vermont with a strong local customer base and seasonal tourist influx. This turnkey operation has been in business 8 years and has inventory, equipment, and staff in place. Bagitos serves great Vermont Coffee Company coffee, made-to-order burritos, and hand rolled bagels. We bake our hand-rolled bagels fresh daily and offer a large variety of toppings including 10+ home-made flavors of cream cheese. Our made-to-order Mexican food (burritos, tacos, & nachos) round out our lunch & dinner menu. And recently we've added some great Indian dishes prepared by a local Indian cook (the only restaurant servicing Indian cuisine in Central Vermont) to our menu. Bagitos serves breakfast and lunch every day, and dinner 3 days a week. We offer live music most evenings as well as Sunday brunch, with 5 Vermont Craft Beers on tap and wine by the glass. We also have some wonderful desserts including gluten free and vegan options.

Bagitos is an established and well-loved part of the Montpelier and Central Vermont community. It serves as the home for many local groups to hold meetings, events, and celebrations. Bagitos serves local food at reasonable prices, with LOVE! We are looking for somebody to come in with fresh energy and vision to take the cafe to the next stage in it's evolution and help it to thrive and remain an important part of the Montpelier community.

Detailed Information

Location:
Montpelier, VT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
4/1/2020
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
FOH: All chairs & tables in dining area, hot bar, cold bar and beer cooler with 5 taps. 1200 square foot dining area with nice storefront windows, high ceilings, and historic wood floors. We have 2 bathrooms, one accessible with diaper changing table. BOH: Dish washing station including 3 bay sink low-temp dish washer. Lot's of stainless steel counter space, 6 burner commercial range with hood. Bagel equipment includes large mixer, bagel kettle, and 8 shelf rotating bagel oven. All kitchen equipment, racks, small-wears, etc. included in sale. (Home Based)
Competition:
Bagitos is the only bagel shop in Montpelier. We have a very loyal local customer base for our bagels, bagel sandwiches, etc. There are 2 other places in town that sell Mexican cuisine so that part of the business has lagged in the past couple of years. We recently saw an opportunity to add Indian Cuisine to our offerings and that part of the business has been growing steadily. We are the only restaurant to offer Indian cuisine within a 30 mile radius and we see this as a fantastic opportunity to develop a new and growing market niche.
Growth & Expansion:
We see our Indian cuisine as a great opportunity to grow the business. We feel that over time, we may want to phase out or minimize the Mexican offerings as the Indian food catches on. We have not made any attempt to build a wholesale bagel business but there is certainly a large opportunity for expanding the business into the wholesale market. Our equipment has the potential to produce 2 to 3 times the # of bagels we currently make daily so plenty of room for expansion. There is also catering opportunities that we have not fully taken advantage of.
Financing:
Seller Financing considered with acceptable down payment and terms.
Support & Training:
We are happy to train buyer in the art of bagel making and spend as much time as needed to ensure that new owner is comfortable and confident performing daily restaurant tasks and running the business. Current restaurant manager and employees would be happy to stay for smooth transition.
Reason for Selling:
I need to focus more of my attention on my Real Estate business which is growing
Home-Based:
This business is Home-Based
Business Website:
http://www.Bagitos.com
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Business Listed By:
Soren Pfeffer

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