Pie Five

Pie Five Pizza is a fast casual restaurant chain specializing in handcrafted personal pizza made in less than 5 minutes. The brand is owned by Rave Restaurant Group, which also owns Pizza Inn. As of November 2019, Pie Five has over 56 [2] restaurants in the following locations: Arkansas, California, Delaware, Florida, Georgia, Illinois, Kansas, Kentucky, Maryland, Mississippi, Missouri, Oklahoma, Tennessee, and Texas.

Pie Five Pizza
Public
Traded asNASDAQ: RAVE
IndustryFast Casual
FoundedJune 2, 2011 (2011-06-02) in Fort Worth, Texas[1]
HeadquartersThe Colony, Texas, United States
Number of locations
100+[1]
Area served
United States
Key people
  • Brandon Solano, CEO RAVE Restaurant Group
  • Mike Burns, COO RAVE Restaurant Group
  • Douglas Kwong, VP of Marketing RAVE Restaurant Group
  • Aaron Archuleta, Director of Operations Pie Five Pizza
ProductsHandcrafted personal pizza, fresh salads, desserts, drinks
ParentRave Restaurant Group
Websitepiefivepizza.com

Concept

Pie Five was named for the concept of being able to offer a pie in five minutes. The menu offers a selection of signature and build-your-own personal pizzas with unlimited toppings for one price. They offer five different crusts, including gluten-free, classic pan, crispy thin, traditional Italian, and cauliflower crust as well as hand-made salads and desserts. Many locations serve beer.

History

The first Pie Five location opened on June 3, 2011 in Fort Worth, Texas. They continued their growth in the Dallas - Fort Worth market in 2012 and then in 2013, they opened their first franchise location out of state in Matthews, North Carolina as well as two additional franchise locations in Kansas. In 2014, they experienced rapid growth in Florida, Virginia, Tennessee, Missouri, and Maryland. In 2015, they opened 50 additional locations spreading across the Midwest, South and East Coast. This was also the year they opened their first non-traditional location in DC in the L'Enfant train station, as well as their first casino at the Hard Rock Casino in Biloxi, MS. In 2016, Pie Five celebrated multiple milestones including their first mall location and 5 year anniversary. In March 2017, they announced that all but 1 of the 9 Chicago locations are closing down and with only 1 more opening in March. Pie Five closed several Midwestern stores on Mar 21, 2017, including two locations in the Twin Cities metro in Eden Prairie and Woodbury, which had been open for more than a year and several Chicago area locations—to focus on its other markets. Only 1 location will remain in Illinois. Later that year, they reached the West Coast for the first time, opening one in San Francisco, California.

On January 13, 2020, the company announced via e-mail to their Circle of Crust members that they had closed down all locations in the state of Maryland.

Original logo

Awards

Pie Five Pizza is considered a pioneer of the first fast casual pizza category and has twice been named among Fast Casual's Top 15 “Movers & Shakers” (2013/2014).[3] Pie Five has also been recognized as a 2012 Hot Concepts winner[4] by Nation’s Restaurant News and one of “10 Hot New Restaurant Chains from Established Brands”[5] by Forbes.com.

  • 2016 - Ranked #1 Restaurant Business by Future 50
  • 2016 - Patty Scheibmeir listed on Fast Casual's Movers & Shakers people list
  • 2015 - Named Best Franchise Deal by QSR Magazine
  • 2015 - Ranked #3 on Fast Casual's Top 100 Movers & Shakers list
  • 2014 - Hermes Creative Award Gold Winner for "Be Pie-Partisan" campaign
  • 2014 - Listed on Fast Casual's Movers & Shakers people list
  • 2014 - Ranked #13 on Fast Casual.com Top 50 Restaurant Brands of the Year
  • 2013 - Ranked #40 on Fast Casual.com Top 50 Restaurant Brands of the Year
  • 2013 - Named in "Top Trendsetting Executives in Pizza" by Pizza Marketplace
  • 2012 - Named one of "10 Hot New Restaurant Chains from Established Brands" by Forbes
  • 2012 - Named Hot Concepts Award winner by Nation's Restaurant News

References
  1. "Company". Pie Five Pizza.
  2. http://raverg.investorroom.com/2019-11-13-RAVE-Restaurant-Group-Inc-Reports-First-Quarter-2020-Financial-Results
  3. Fast Casual’s Top 15 “Movers & Shakers” - http://www.fastcasual.com/static_media/filer_public/ec/6f/ec6f937e-eedf-465f-9222-760a8d273533/2014_fast_casual_top_100_movers_and_shakers.pdf
  4. 2012 Hot Concepts winner - http://nrn.com/latest-headlines/nrn-names-2012-hot-concepts-winners Retrieved July 28, 2012
  5. 10 Hot New Restaurant Chains from Established Brands - https://www.forbes.com/pictures/feji45heee/pie-five-pizza-5/
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