Pie Five Pizza | |
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 |
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 served as 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.
Yum! Brands, Inc., formerly Tricon Global Restaurants, Inc., is an American multinational fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Yum! previously also owned Long John Silver's and A&W Restaurants. The company was created as a spin-off of PepsiCo in 1997.
Fazoli's System Management, LLC., doing business as Fazoli's, is an American fast casual restaurant chain headquartered in Lexington, Kentucky. It was founded in 1988 and is now owned by FAT Brands. As of September 2023, there are 211 Fazoli's located nationwide. The restaurant chain specializes in Italian-American cuisine and dishes.
Atlanta Bread Company is a privately owned American chain of bakery-café fast casual restaurants with 18 locations in 4 states. Its headquarters are in Smyrna, Georgia, a suburb northwest of Atlanta. Offerings include bakery items, pasta, salads, sandwiches, soups, and specialty drinks.
Papa Gino's, Inc. is a restaurant chain based in Dedham, Massachusetts, specializing in traditional thin crust pizza along with pasta, subs, salads, and a variety of appetizers. As of 2023, there are 79 Papa Gino's locations in Connecticut, Massachusetts, New Hampshire and Rhode Island.
Godfather's Pizza is an American privately owned restaurant chain headquartered in Omaha, Nebraska, that operates fast casual Italian franchises and pizza express locations.
D'Angelo Grilled Sandwiches is a chain of 83 neighborhood-style sandwich shops found in Massachusetts, New Hampshire, Maine, Rhode Island, and Connecticut. D'Angelo Grilled Sandwiches was founded in Dedham, Massachusetts in 1967. It serves various kinds of grilled and deli sandwiches, rice and grain bowls, lobster rolls, grilled topped salads, wraps, and hot soups. The company's grilled sandwich Number 9 was called "the finest fast-food sandwich in the land" in a Bloomberg News column.
Sbarro, LLC is an American fast food restaurant that specializes in New York–style pizza sold by the slice and other Italian-American cuisine. In 2011, the company was ranked 15th in foreign sales among U.S.-based quick-serve and fast-casual companies by QSR Magazine. In 2008, Sbarro was rated the No. 1 Quick Service Restaurant in the Italian segment by Entrepreneur magazine. However, diners and critics have criticized the quality of the food, with some suggesting a link between food quality and the company's two bankruptcies. Sbarro has over 600 locations in 28 countries. Sbarro stores are located in shopping malls, airports, service areas, and college campuses, as well as in The Pentagon, American naval bases, and casinos.
Cicis, formerly known as CiCi's Pizza, is an American chain of buffet restaurants based in Coppell, Texas, specializing in pizza. The company was founded in 1985, and started franchising by 1987. In November 2015, the company began a new marketing campaign which included the renaming of the company to Cicis, along with the addition of a new logo and redesigned website.
Pizza Inn is a Dallas-based restaurant chain and international food franchise, specializing in American-style pan pizza, pasta, and side dishes, owned by Rave Restaurant Group
Daphne's Greek Cafe or, Daphne's California Greek is an American fast-casual Greek restaurant operating in California. The restaurant name refers to Daphne of Greek mythology whom the god Apollo desired.
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 in 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.
MOD Pizza is an American fast-casual pizza restaurant chain based in Seattle, Washington. Founded in 2008, MOD has more than 560 locations as of December 2023 in the United States and two locations in Canada.
Dickey's Barbecue Pit is an American family-owned barbecue restaurant chain based in Dallas, Texas, and is a subsidiary of Dickey's Capital Group.
Blaze Pizza is a Pasadena, California–based fast-casual pizza restaurant chain. Founded in 2011 by Elise and Rick Wetzel of Wetzel's Pretzels, the chain is known for serving made-to-order pizzas.
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.
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