Pie Five Making a Splash in Florida with Another Multi-Unit Development Deal

Nation's Leading Fast Casual Pizza Adds Up to 20 More Locations in Multi-Unit Development Agreement

DALLAS - Nov. 13, 2015 // PRNewswire // - Dallas-based Pie Five Pizza is bringing the heat to the Sunshine State with another Florida development deal with up to 20 new locations in the Tampa market with DP5 Investments. In September, the leading fast casual pizza chain known for artisan pizzas created and served in under 5 minutes announced a 28-store deal in South Florida and is now adding the Tampa market with the same group.

"Florida's west coast deserves artisan make-your-own pies with fresh ingredients, homemade sauces and handcrafted crusts too," said Jeffrey Parker, franchise development partner with DP5 Investments. "We felt like Tampa was a natural expansion of the brand in the Florida market!"

As a former second generation McDonald's franchisee, Parker and his partners with DP5 Investments bring substantial multi-unit restaurant operations experience to the table. The group is looking for initial sites in Temple Terrace, New Tampa along with Clearwater and St. Petersburg.

"Pie Five looks for franchisees who are true operating partners and bring extensive experience to our brand," said Randy Gier, chief eating officer of Rave Restaurant Group, Inc., parent company of Pie Five Pizza Co. "Jeff and his partners are very knowledgeable operators -- with their energy and drive, we expect the South Florida and Tampa markets to be very successful!"

Pie Five's newest development deal follows multi-unit deals recently announced in New Mexico, Missouri, Michigan, Wisconsin, Pennsylvania, Maryland, Delaware, Arkansas, Missouri, Tennessee, Colorado, Kentucky, and Indiana. This is in addition to company-owned expansion in Minneapolis, Phoenix, Chicago, Atlanta, Houston and Dallas-Fort Worth. Pie Five has grown from one location to 73 in less than four years.

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.

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 75 locations in 20 states and the District of Columbia. For more information, please visit PieFivePizza.com.

SOURCE Pie Five Pizza Co.


Shannon Raymond


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