Andrew Smith thinks this is a perfect time to be investing in restaurant chains.
The managing director of the Salt Lake City investment fund Savory argues that concepts that proved their worth in the past few months could be poised to flourish in a post-pandemic market—which is precisely why Savory made a control investment in the Southern California-based chicken concept Crack Shack.
“This is an impeccable time to be doing this,” Smith said in an interview. “People want to get out of the home, go to a restaurant, sit across the table from someone and have a meal and break bread. They want to have that experience again.