Pie Five Brings Fast Casual Pizza Concept to South Florida with 28 Store Deal
Nation's Leading Fast Casual Pizza Chain Signs Multi-Unit Development Agreement
DALLAS - Sept. 15, 2015 // PRNewswire // - Dallas-based Pie Five Pizza is heating up around the country. The brand known for made-your-way artisan pizzas, handcrafted with fresh ingredients, homemade sauces and handcrafted crusts today announced a new development deal with DP5 Investments that will add up to 28 locations in South Florida from Melbourne to Miami.
"South Florida is attracting a lot of growth and 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," said Jeffrey Parker, franchise development partner with DP5 Investments. "We have a lot of confidence in the brand and their very seasoned leadership team plus their oven technology is superior to anything else in the market."
As a former second generation McDonald's franchisee, Parker brings over 20 years of multi-unit restaurant operations experience to the table. In addition, Parker was drawn to Pie Five for its commitment to high quality ingredients and gluten-free options due to his own health concerns.
"When looking at new fast casual pizza ventures, options for consumers with food allergies was very important to me," said Parker. "Many fast casual pizza brands don't offer these options -- Pie Five is a viable choice for consumers with nutritional requirements such as gluten allergies because the process is very transparent."
DP5 Investments plans to hit the ground running with sites in Boca Raton, Fort Lauderdale, Wellington and West Palm Beach. Pie Five's newest development deal follows multi-unit deals recently announced in New Mexico, Missouri, Arizona, Michigan, Wisconsin, Pennsylvania, Maryland, Delaware, Arkansas, Missouri, Tennessee, Colorado, Kentucky, and Indiana. This is in addition to company-owned expansion in Chicago, Atlanta, Houston and Dallas-Fort Worth. Pie Five has grown from one location to 64 in less than four years. The growth rate for the past fiscal year alone reached almost 200 percent.
"We're thrilled to welcome Jeff and his partners to the Pie Five family," said Randy Gier, chief eating officer of Rave Restaurant Group, Inc. "They bring a wealth of multi-unit restaurant experience to our growing team of veteran operators, and with their aggressive plans for expansion, will soon own the fast casual pizza market in South Florida."
At Pie Five, 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. By the time the guest arrives at the register, their hot, bubbly, pizza perfection is ready. Additionally, they can add one of Pie Five's freshly-tossed hand-made salads served in a baked pizza dough bowl or a decadent home-baked brownie or cookie pie to their meal. The rapidly expanding chain is capitalizing on growing consumer demand for personalized, fresh dining options.
Pie Five's unique concept is catching on. The pizza phenom plans to open 400 company-owned and franchised locations across the country in the next five years.
About Pie Five Pizza Co.
Dallas-based Pie Five Pizza Co. is a subsidiary of RAVE Restaurant Group, Inc. (NASDAQ: RAVE). RAVE owns, franchises and supplies more than 300 Pie Five and Pizza Inn restaurants operating domestically and internationally. Pie Five Pizza Co. is the leading brand in the rapidly growing fast-casual pizza space, offering individual handcrafted pizzas with fresh ingredients made to order in less than five minutes. Named among Fast Casual's Top "Movers & Shakers" for three consecutive years, 2015 "Best Franchise Deal" by QSR Magazine, 2012 Hot Concepts winner by Nation's Restaurant News and one of "10 Hot New Restaurant Chains from Established Brands" by Forbes.com, the company currently has 64 locations in 16 states and the District of Columbia. For more information, please visit PieFivePizza.com.
SOURCE Pie Five Pizza Co.
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