For sit down places there is Jay's in the same complex as the Waitsfield Post Office. Never eaten there personally. I like the Waitsfield Inn, across from Inverness Sports. Open to the public, standard prices and owned and operated by a former Sugarbush employee and her family. A popular place closer to the mountain is Peppers but I don't think they open untill 8AM.
There are a few of great take out places. The Warren Store Deli is renown for their breakfast burritoes and other stuff. The Smallest Donut Co. has great bagels and baked goods. Both of these places you can hang out and eat there. In the summer the Warren Store has a nice outside deck. Also, just down the access rd from the Lincoln Peak base area is Paradise Deli. Good take out breakfast stuff, run by nice people.
I think, hopefully KingM will chime in here, the Golden Lion serves breakfast to the public. They have a nice cozy room with tables.
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