Pie Five
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| Traded as | NASDAQ: RAVE |
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| Industry | Fast Casual |
| Founded | June 2, 2011 in Fort Worth, TX |
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Number of locations
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98 |
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Key people
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| Products | Handcrafted personal pizza, fresh salads, desserts, drinks |
| Parent | Rave Restaurant Group |
| Website | piefivepizza |
Pie Five Pizza Co. 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 December 2016, Pie Five has 98 restaurants in the following locations: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Minnesota, Missouri, Nebraska, North Carolina, Oklahoma, Tennessee, Texas, Utah, Kentucky, Virginia and Washington, D.C. with more than 400 additional company-owned and franchise units anticipated.
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 four different crusts, including gluten-free, classic pan, crispy thin and traditional Italian, as well as hand-made salads and desserts. Many locations serve beer.
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 8 out of 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 2 locations will remain in Illinois.
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