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Rave Restaurant Group

#9686

Rank

$35.01M

Marketcap

US United States

Country

Rave Restaurant Group
Leadership team

Mr. Clinton Dayne Fendley (Chief Financial Officer)

Mr. Michael F. Burns Jr. (Exec. VP & COO)

Mr. Brandon L. Solano (Pres, CEO & Sec.)

Products/ Services
Food and Beverage, Food Processing, Restaurants
Headquarters
The Colony, Texas, United States
Established
1958
Company Registration
SEC CIK number: 0000718332
Net Income
2M - 5M
Revenue
2M - 5M
Traded as
RAVE
Overview
Location
Summary
Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services. Its delco restaurants provide delivery and carryout services and are located in shopping centers or other in-line retail developments. The company's Express restaurants serve customers through various non-traditional points of sale that are located in convenience stores, food courts, college campuses, airport terminals, travel plazas, athletic facilities, or other commercial facilities. In addition, it operates and franchises fast casual restaurants under the Pie Five Pizza Company or Pie Five trademarks. As of June 26, 2022, the company had 31 franchised Pie Five Units, 150 franchised Pizza Inn restaurants, and 9 licensed Pizza Inn Express, or PIE, kiosks. The company was formerly known as Pizza Inn Holdings, Inc. and changed its name to Rave Restaurant Group, Inc. in January 2015. Rave Restaurant Group, Inc. was founded in 1958 and is based in The Colony, Texas.
History

In 1958, two Texas brothers, F.J. and R. L. Spillman, opened the first Pizza Inn in Dallas.

In the mid-1980s, the restaurant chain had a commercial deal with the Von Erich family, with Kerry Von Erich, Kevin Von Erich, and Mike Von Erich appearing in a series of televised commercials.

In June 2011, Pizza Inn launched the fast casual restaurant Pie Five Pizza, which specializes in customizable pizzas that are made within five minutes, in Fort Worth, Texas. They had five locations within the Fort Worth area by the end of the year. As of January 2015, they had 31 locations.In October 2011, Pizza Inn opened their first of five planned Chinese locations in Hangzhou, China.Former PepsiCo and Yum! Brands executive Randy Gier joined the company in 2012. He served as CEO until 2016.On January 9, 2015, the parent company Pizza Inn Holdings was rebranded as a portfolio company named Rave Restaurant Group as Pie Five Pizza locations began to increase.In May 2018, Rave Restaurant Group opened its first PIE by Pizza Inn Express pizza kiosks with Delaware North at the Fort Lauderdale–Hollywood International Airport.On February 5, 2021, Pizza Inn reported improving sales amid hectic environment during the COVID-19 pandemic. In the period ending December 27, domestic same-store sales decreased from $18.95 million to $15.46 million, or 18.4 percent for the company, which is the chain's best performing quarter since the pandemic began. Pizza Inn also saw comparative sales drop 39 percent in the quarter ending June 28 and 22 percent in the quarter ending September 27.

Mission
Rave Restaurant Group strives to provide its customers with unique, high-quality food and experiences. It aims to create customized, personalized meals that are made-to-order, quick and convenient. Rave also seeks to strengthen relationships with its franchises and customers through quality service, innovation and growth.
Vision
Rave Restaurant Group is dedicated to creating an enjoyable atmosphere for guests and employees. It is committed to offering fresh, delicious and customized food to its customers, as well as enriching the communities in which it operates.
Key Team

Ms. Christina Coy (VP of Marketing of Pie Five Pizza Co.)

Mr. Scott Black (VP of Operations at Pie Five)

Lisa Schlepp (Director of HR)

Deborah Lanning (Assistant Controller)

Recognition and Awards
Rave Restaurant Group has been awarded multiple times for its innovation and customer service. It has been named Innovator of the Year by the National Restaurant Association and Best Pizza Place to Work by the International Pizza Expo. Rave has also been recognized by the QSR Magazine Customer Service Hall of Fame and NRN's Hot 100 Restaurant Executives of the Year.
References

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Rave Restaurant Group
Leadership team

Mr. Clinton Dayne Fendley (Chief Financial Officer)

Mr. Michael F. Burns Jr. (Exec. VP & COO)

Mr. Brandon L. Solano (Pres, CEO & Sec.)

Products/ Services
Food and Beverage, Food Processing, Restaurants
Headquarters
The Colony, Texas, United States
Established
1958
Company Registration
SEC CIK number: 0000718332
Net Income
2M - 5M
Revenue
2M - 5M
Traded as
RAVE