FSR April 2023

The Sicilian Butcher SCOTTSDALE, ARIZONA

UNITS: 3

FOUNDED: 2017

The NextGen Casual space has taco, New American, and eat ertainment concepts aplenty, but Italian cui sine has remained largely untouched—and Savory Fund spies an oppor tunity in that. In Octo ber, the private equity firm purchased a major ity stake in The Sicilian Butcher, a three-unit Ari zona concept serving scratch-made Italian eats. Under this deal, Savory Fund will invest up to $30 million in the brand and its on-site spin-off, The Sicilian Baker. “Every single detail of The Sicilian Butcher is very thoughtful and intentional,” says co founder Joey Maggiore, “from the location, to the menu, to the cocktail pro gram, design, ambiance, music, and staff attire to cultivate a dining experi ence that is fresh, innova tive, and experiential.” Savory Fund’s invest ment speaks to both the potential of the concept itself, as well as its par ent company, The Mag CONTINUED ON PAGE 38

36 APRIL 2023

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