Dallas-based Pie Five Pizza has reached a multi-unit development agreement with experienced franchisees Jeff and Christine Steiner who plan to open up to 30 locations in North Carolina. The first markets to open will be metropolitan Charlotte, Raleigh-Durham and Greensboro-Winston Salem. “The fast casual restaurant segment is growing rapidly and we wanted to bring something exciting and new to consumers in North Carolina,” said Christine Steiner. Veteran restaurateurs, the Steiners currently own and operate both Five Guys Burgers and Fries and Moe’s Southwest Grill locations in Tennessee, Virginia, and North Carolina. This announcement comes just days after Pie Five announced a 28-location development deal with DP5 Investments that will add units in South Florida from Melbourne to Miami. Jeffrey Parker, Franchise Development Partner with DP5 Investments noted that South Florida is attracting a lot of growth adding that the fast casual pizza market hasn’t really hit there yet. “We’re excited to be the first to bring Pie Five’s concept to the area,” he said. DP5 Investments plans to hit the ground running with sites in Boca Raton, Fort Lauderdale, Wellington and West Palm Beach. These development deals follow multi-unit deals recently announced in Arizona, Arkansas, Colorado, Delaware, Indiana, Kentucky, Maryland, Michigan, Missouri, New Mexico, Pennsylvania, Tennessee and Wisconsin. Pie Five has grown from one location to 68 in less than four years. At quick casual Pie Five restaurants, guests can choose from more than a million combinations of farm fresh ingredients, artisan sauces and handcrafted crust variety. Pies bake in just 140 seconds in a custom-designed, state-of-the-art oven. Additionally, customers can add one of Pie Five’s freshly-tossed hand-made salads served in a baked pizza dough bowl or a home-baked brownie or cookie pie to their meal. Pie Five Pizza Co. is a subsidiary of RAVE Restaurant Group Inc. RAVE owns, franchises and supplies more than 300 Pie Five and Pizza Inn restaurants operating domestically and internationally. Currently there are over 65 Pie Five Pizza locations in 17 states and the District of Columbia. Presently there is one Pie Five Pizza restaurant operating in Matthews, a suburban market on Charlotte in North Carolina.
CATEGORY: Quick Casual
Chain Name: Pie Five Pizza Co
Company Name: RAVE Restaurant Group Inc.
Street Address: 3551 Plano Parkway, The Colony, Texas 75056
Telephone: 877/574-9924 & 800/880-9955 Fax:
Email: media@raverg.com Website: www.piefivepizza.com
Menu Specialty: Hand crafted pizza with multiple ingredient combinations and four crusts in five minutes. Eat in and take-out services
Introduced: 2011
No. of Locations: Over 65 in 17 states and about 400 under development
Areas of Operation: United States
Types of Locations: Street, Mixed use developments.
Chain Type (corp., franchise, jv): Franchise
Size Req’d: 2000 to 2200 sq.ft. with about 70 seats
Special Requirements (patio, drive-thru, etc): Upscale, urban neighborhoods. Ideal frontage of 30 ft. Population of 30,000 or more within three miles, daytime population of 25,000 plus within three miles.
Contact Name: Randy Gier – CEO
Timothy Mullany – CFO
Chris Smith – Sen Vice President, Operations
Perry Jones – Vice President, Real Estate (pjones@pihq.com)
Christina Coy – Vice President, Marketing
Bob Witken – Director, Construction, Development
Mark Ramage – Franchise Development Manager
REAL ESTATE REPRESENTATIVE:
FRANCHISE REPRESENTATIVE:
PARENT Company: RAVE Restaurant Group Inc., The Colony, Texas
Related Chains: Pizza Inn
Last Report: Restaurant & QSR Expansion Report #145 Last Update:
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