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Pie Five in Richmond, Virginia
|Traded as||NASDAQ: RAVE|
|Founded||June 2, 2011Fort Worth, Texasin|
|Headquarters||The Colony, Texas, United States|
Number of locations
|Products||Handcrafted personal pizza, fresh salads, desserts, drinks|
|Parent||Rave Restaurant Group|
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 February 2018, Pie Five has over 100 restaurants in the following locations: Alabama, Arkansas, California, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Oklahoma, Tennessee, Texas, Utah, Kentucky, Virginia and Washington, D.C..
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 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.
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 by Nation’s Restaurant News and one of “10 Hot New Restaurant Chains from Established Brands” by Forbes.com.