Blazing Star Cafe

Blazing Star Cafe

Bagel Shop

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
MT PLEASANT, SC
Expected Close Date
April 11, 2022
Target Raise
$20.00K-$100.00K
No. Investors
49
Security Price
$1
Investment Multiple
1.55×
Business’s Revenue Share:
0.9%-4.5%
Securitization
None
Maturity Date
January 1st, 2028
Number of Employees
2
Cash
$458
Revenue
$13,319
Short Term Debt
$0
Cost of Goods
$4,477
Long Term Debt
$0
Net Income
$895

Company Description

We are currently negotiating a space in West Ashley for our first location, and hope to open additional stores over the next 5 to 7 years. The citizens of and visitors to Charleston will benefit from a bagel bakery; we see a need waiting to be filled in a region that is rich with Jewish history, a rapidly growing population, and more than seven million annual visitors (pre-Pandemic) who create an annual economic impact of $8.1+ billion. There is a lack of a superior bagelry in Charleston and our intent is to fill that niche with delicious foods served in a welcoming setting, with a focus on breakfast and lunch.

Key Deal Facts

Bettina Fisher is building a BAGELRY in the Charleston, SC area! Hello Lowcountry!
We currently deliver wholesale bagels to Community Supported Grocery, a local CSA/ artisanal delivery service. Additional customers are in the works.
Blazing Star Cafe started as a part of the exploratory food court at The Workshop on Upper King Street, where it ran as a weekend pop-up from August 2020 to May 2021, an opportunity that provided time, space, and equipment to hone our recipes, refine menu selections, and develop a customer base.
We will offer traditional bagels -- plain, sesame, onion, cinnamon raisin, and inside-out everything bagels -- and some more modern combos. Bialys will be in the rotation. We offer flavored cream cheeses such as scallion, veggie, and smoked salmon. The menu includes a full complement of hot and cold drinks, including French Press coffee and cold brew from Springbok, hot tea & cold chai, and a dessert menu which changes seasonally, and which will always includes babka.

Use of Proceeds

  • $10,000 for equipment, including convection oven, bagel kettle, work tables, refrigeration and freezer space
  • $20,000 for part of the down payment on the lease of an existing location in West Ashley
  • $7,000 for tables, chairs, & shelves
  • $10,000 for deposits and insurance
  • $25,000 for graphic design, signage, marketing, website, menus & collateral material
  • $3,000 for legal, accounting & permits
  • $15,000 for demolition and painting the space
  • $10,000 to create a shaded outdoor patio and garden area

Management Team / Advisory Board Bios

Bettina Fisher, Owner/ Operator
Bettina Fisher relocated to Charleston from Brooklyn, NY in 2013. Her experience encompasses many aspects of the food and beverage business, from catering, to fast casual, to fine dining. She has worked as a food stylist, a restaurant consultant, a writer, an event coordinator, a restaurant host and a kitchen manager. Blazing Star Cafe is her first solo business venture, which she began as a weekend stall at the exploratory food court at Workshop, in August 2020. She lives near Shem Creek, in Mt Pleasant.
Amount Raised : $25,500
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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1 Comment

Bettina F, 3 years ago

This is Bettina, from Blazing Star Cafe. We are still accepting investments on Mainvest!