Existing Franchisee Signs New Multi-Unit Agreement Across Both States
Pie Five Pizza Co., the fast casual brand that creates pizzas made in 5 minutes, today announced a new development deal with existing franchise partner, Foodstone, LLC that will add up to 16 additional locations in two new states.
“Our first Pie Five has taken off in West Texas – we’ve brought new jobs to the area and have been really well received,” said Nathan Cage of Foodstone LLC. “When we come into these new areas we want to be a true investment to the community. Our goal is to provide quality dining experiences and create real partnerships with our neighbors.”
Pie Five Pizza Co., creates customized artisan pies made with fresh dough, homemade sauces and unlimited toppings. Cage currently owns one Pie Five location in Lubbock with additional locations slated for Amarillo, Odessa, Midland and Abilene. He is also developing East Texas and Texarkana. He currently operates three Wingstop restaurants in West Texas.
“Nathan is an outstanding franchise partner with a contagious passion for our brand,” said Randy Gier, chief eating officer of Rave Restaurant Group, Inc. “All I can say is look out Las Vegas and Louisiana, we’re about to change the way you eat pizza!”
Pie Five’s newest development deal follows multi-unit deals recently announced in Pittsburg, South Florida, North Carolina, Iowa, Arkansas, and Missouri. Pie Five has grown from one location to 91 in just 5 years.
Pie Five’s unique fast casual pizza model invites guests to customize a personal handcrafted pizza in under 5 minutes. Selections include four crusts, seven sauces and 28 fresh artisan toppings. Additionally, guests can add one of Pie Five’s freshly-tossed hand-made salads or decadent desserts.
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, “Best Franchise Deal” by QSR Magazine, 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 91 locations in 24 states. For more information, please visit PieFivePizza.com.
