#United States #fast-casual #Lehi #Savory Fund #Zao Asian Grill

Savory Fund Invests in Zao Asian Grill: A New Era for Fast-Casual Dining

In a noteworthy move within the fast-casual dining industry, Savory Fund has strategically invested in Zao Asian Grill, a brand that promises to reshape the landscape of Asian cuisine in casual dining. With over 23 locations and impressive same-store sales growth of 18.2%, Zao is positioned to become the national leader in pan-Asian fast-casual dining.

A Vision Realized

Founded in 2013, Zao Asian Grill emerged with a clear mission: to champion Asian-inspired food as a staple in daily dining experiences. During its years in operation, Zao has steadily cultivated a reputation for clean, fresh ingredients and robust flavors, providing guests with a variety of options from bowls and salads to wraps and tacos—all tailored around healthy, made-to-order principles.

Andrew K. Smith, Managing Director and Co-Founder of Savory Fund, expressed his enthusiasm about partnering with Zao. Smith remarked, "Dave Duffin and I have circled around each other within this industry for years, and the opportunity to finally partner and build together is one we couldn't pass up. We’re eager to bring Zao's unique offerings to a national audience."

This partnership not only promises the provision of unique culinary delights but also supports Zao in its ambitions to scale operations and broaden its market presence across the U.S.

Leadership and Expertise

What sets Zao apart from its competitors is its remarkable leadership team. Founder Dave Duffin, who previously established successful brands like Zuka Juice and Rumbi Island Grill, has a profound understanding of what consumers crave in restaurant offerings. Coupled with Tom Hartman's extensive experience in multi-unit operations and Paul's financial leadership—who previously scaled Café Zupas to over 80 locations—Zao brings together over 75 years of collective experience in the culinary business, equipping it with the strength needed for expansion.

"We have demonstrated that our approach works. When you continue to provide approachable, flavor-forward Asian food, customers are instinctively drawn back again and again," shared Duffin. His sentiment reflects the shared vision between Zao and Savory Fund—striving for growth without compromising the brand's foundational ethos.

Plans for Growth

With its recent investment, Zao Asian Grill is not just sitting back; it is gearing up for significant growth. Recently, Zao partnered with Columbia Bank to secure a $12.5 million debt facility aimed at accelerating the rollout of new locations. The brand anticipates opening over ten additional outlets by the end of 2027, thereby further embedding its presence across the Mountain West region and extending its reach to communities nationwide.

Zao is set to diversify its already popular menu, which has attracted a loyal customer base by offering fresh and vibrant dishes. This investment and upcoming expansion are seen as essential milestones in the brand's journey, creating an opportunity to share these culinary experiences with a wider audience.

Industry Impact

Zao Asian Grill is now the fourth addition to Savory Fund III's portfolio, joining other successful dining brands like South Block, Bonrue, and Hawkers. This portfolio is crafted strategically for the next wave of growth in the restaurant industry as consumers increasingly seek out quality and innovative dining options.

As Savory Fund continues to leverage its expertise in scaling emerging food brands, Zao is poised to redefine fast-casual dining with its bold, Asian-inspired offerings. To follow their journey, visit Savory Fund and Zao Asian Grill.