Savory Fund is looking for its next emerging restaurant partner. The private equity fund branch behind small chain brands like Crack Shack, Pincho Swig, and Championship BBQ & Catering is offering $1M to the winner of its Million Dollar Restaurant Launch competition. The competition targets new restaurant owners, those with businesses closed due to the pandemic, or those with a single unit looking to scale up.
The million-dollar prize is intended to cover the costs of owner salary, restaurant design, construction, permit acquisition, development, and the company’s in-house Savory Management Service. Applications are due December 15th. Selected applicants will undergo interviews to take place in January, with the final winner announced on March 15th, 2022.
Interested applicants can apply here. The brief questionnaire asks for short descriptions of the restauranteur’s concept, background, and F&B experience.