Pie Five

Pie Five Pizza is an American fast casual restaurant chain specializing in handcrafted personal pizza made in less than five minutes. The brand is owned by Rave Restaurant Group, which also owns Pizza Inn. As of November 2019, Pie Five had over 56 restaurants.[2] As of August 2020, they were in the following states: Arkansas, California, Delaware, Florida, Illinois, Iowa, Kansas, Kentucky, Mississippi, Missouri, Oklahoma, Oregon, and Texas.[3]

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
50+[2]
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
Original logo

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, Mississippi. In 2016, Pie Five celebrated multiple milestones including their first mall location and five-year anniversary. In March 2017, they announced that all but one of the nine Chicago locations were closing down and with only one 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 one location would remain in Illinois. Later that year, they reached the West Coast for the first time, opening in San Francisco, California.

In January 2020, the company closed its last remaining location in the state of Maryland.[4]

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).[5] Pie Five has also been recognized as a 2012 Hot Concepts winner[6] by Nation's Restaurant News and one of "10 Hot New Restaurant Chains from Established Brands"[7] 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. Retrieved August 3, 2020.
  2. "RAVE Restaurant Group, Inc. Reports First Quarter 2020 Financial Results" (Press release). RAVE Restaurant Group. PR Newswire. November 13, 2019. Retrieved August 3, 2020.
  3. "Locations". Pie Five Pizza. Retrieved August 3, 2020.
  4. Montcalmo, Chris (January 18, 2020). "Pie Five closes its doors in White Marsh". NottinghamMD. Retrieved August 5, 2020.
  5. "Fast Casual's Top 15 'Movers & Shakers'" (PDF).
  6. "NRN names 2012 Hot Concepts winners". Nation's Restaurant News. October 25, 2012. Retrieved July 28, 2012.
  7. "10 Hot New Restaurant Chains from Established Brands". Forbes. Archived from the original on December 20, 2018.
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