Pie Five Pizza | |
Company type | Subsidiary |
Industry | Fast Casual |
Founded | June 2, 2011 in Fort Worth, Texas [1] |
Headquarters | The Colony, Texas, United States |
Number of locations | 33 (Jul 2021) |
Area served | United States |
Key people |
|
Products | Handcrafted personal pizza, fresh salads, desserts, drinks |
Parent | Rave Restaurant Group |
Website | piefivepizza.com |
Pie Five Pizza is an American fast casual restaurant chain specializing in personal pizza. The brand is owned by Rave Restaurant Group, which also owns Pizza Inn. As of July 2021 [update] , Pie Five operates 33 restaurants[ citation needed ] with locations in the following states: Arkansas, California, Illinois, Iowa, Kansas, Kentucky, Mississippi, Missouri, Oklahoma, Oregon, and Texas. [2]
Pie Five was named for the concept of preparing a customized pizza in five minutes. [1] The menu offers standard and made-to-order personal pizzas, salads, calzones, bread, and dessert. Many locations serve beer.
On June 3, 2011, the company Pizza Inn opened the first Pie Five Pizza in Fort Worth, Texas. [3] [4] They had five locations within the Fort Worth area by the end of the year, and as of January 2015, they had 31 locations. [4]
Former PepsiCo and Yum! Brands executive Randy Gier joined the company in 2012. He was CEO until 2016. [5] [6]
On January 9, 2015, the parent company Pizza Inn Holdings (ticker symbol: "PZZI") was rebranded as a portfolio company named Rave Restaurant Group (ticker symbol: "RAVE") as Pie Five Pizza locations began to increase. [4]
In March 2017, Pie Five announced that all but one of the nine Chicago locations were closing, with only one more opening. Pie Five closed several midwestern stores in March 2017, including two locations in the Twin Cities metro in Eden Prairie and Woodbury and several Chicago area locations, to focus on its other markets. Later that year, they opened their first West Coast store in San Francisco, California.[ citation needed ]
Three locations opened in south central Pennsylvania in early 2017, before converting to a regional franchise and ultimately closing in early 2018. [7] [8]
In October 2019, RAVE Restaurant Group announced that its board of directors has named Brandon L. Solano as chief executive officer. [9]
In end-of-quarter/fiscal-year reporting as of October 2020, Pive Five comparable store retail sales had decreased 15.7 percent from the previous year, with most of the 42 locations said to be using third-party delivery services. [10]
A January 2021 analysis of the chain's struggles identified reasons such as a highly competitive market, very fast location growth and franchising, accustomizing pizza customers to the fast-casual individual experience, mixed reviews at individual locations that may have kept customers from returning, poor marketing investment, potential impending Nasdaq delisting, and a 2018 credit card security breach. [11]
In March 2021, Pie Five had announced a new Panzano Pan Crust. The company says it is uniquely positioned against its competitors to make this product because of the types of ovens they use. [12]
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). Pie Five has also been recognized as a 2012 Hot Concepts winner [13] by Nation's Restaurant News and one of "10 Hot New Restaurant Chains from Established Brands" [14] by Forbes.com.
Pizza Hut, LLC is an American multinational pizza restaurant chain and international franchise founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The chain, headquartered in Plano, Texas, operates 19,866 restaurants worldwide as of 2023.
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Marco's Pizza, operated by Marco's Franchising, LLC, is an American restaurant chain and interstate franchise based in Toledo, Ohio, that specializes in Italian-American cuisine. The first store was opened in Oregon, Ohio, on Starr Avenue. It was founded by Italian immigrant Pasquale "Pat" Giammarco on February 18, 1978.
Shane's Rib Shack is an American fast casual BBQ franchise, serving slow-cooked baby back ribs, hand-chopped chicken and pork, and Southern style side dishes. As of January, 2024, they are located in eight states, with most of their restaurants located in the state of Georgia.
Your Pie is an American fast-casual pizza concept, that was started in Athens, Georgia in 2008 by Drew French, and operates as a restaurant franchise with 70 locations across 19 states. Your Pie has customizable 10-inch pizzas, pasta bowls, and salads. The restaurant uses brick ovens to cook their pizzas. Gelato, craft beer and wine are also available.
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Mooyah is an American fast casual restaurant chain headquartered in Plano, Texas. The chain reached over 100 locations in 20 U.S. states and nine countries in 2016 in North America and the Middle East. They specialize in hamburgers, french fries, and shakes. They are known for their beef hamburgers which use Angus beef and their French-fries.
Pieology Pizzeria is a Tustin, California-based pizza chain within the fast-casual dining restaurants category. Founded in 2011 by Carl Chang, the brother of former tennis player Michael Chang, Pieology's mission is to "turn one of America's favorite food into an affordable and interactive experience". Pieology's main rivals are Blaze Pizza and MOD Pizza. By October 2018, Pieology had a single unit in Mexico plus approximately 140 units in 23 American states and territories with more than half of those restaurants located in the state of California.
Rosati's Authentic Chicago Pizza, doing business as Rosati's Pizza, is an American casual dining restaurant chain specializing in Chicago-style pizza. Its headquarters is in Elgin, Illinois. There are more than 200 locations across the United States, with more than a third of them in Illinois. Rosati's has over $211 million in revenue and was founded in 1926 by Saverio Rosati at the corner of Pulaski and Madison in Chicago's west side. That location closed down and in 1964 reopened in Mount Prospect, IL. In 1995 Saverio's five sons, Fred, Richard, Al, Bill and Ronald grew the company to be the fourth largest pizza chain in the Chicago area behind Pizza Hut, Domino's and Little Caesars, in 2018 they were listed as number 21 on Pizza Today's list of the top 100 pizzerias.
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