Start a Pie Five Pizza Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $399K - $901K

Units as of 2020: 43 48% over 3 years

Pie Five Pizza started in 2011 and began franchising the same year. Its claim to fame lies in its hand-crafted five-minute pizzas. The brand boasts five different proprietary crusts with their dough freshly made daily. The Pie Five Pizza menu offers other items, including personal-sized cookies and brownie pies. Specialized menu items are also available so that Pie Five Pizza fans can indulge in gluten-free and vegan choices or a salad bowl made from a pizza crust.

Why You May Want to Start a Pie Five Pizza Franchise

To own a piece of this pie, the business is looking for self-driven individuals looking to be part of a vibrant business. If you enjoy giving back to the community, you may be the right candidate for this company. If you are chosen to open a Pie Five Pizza franchise, you will be required to uphold their business standards.

Customers may love Pie Five Pizza thanks to their quick turnaround time on orders and their consistent service. Their primary mission is to provide pizza made from fresh ingredients without fail every day. Added benefits may include a Pie Five Pizza app to order and track deliveries, effectively improving their customer's experience while creating a sense of responsibility for each employee. For diners on the run, a drive-thru option may also be available to curb Pie Five Pizza cravings.

What Might Make a Pie Five Pizza Franchise a Good Choice?

To be part of the Pie Five team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.

If you become a franchisee, Pie Five Pizza offers extensive on-the-job training to go along with multiple hours of classroom training. You will also receive support with lease negotiation, location setup, and various turnkey management systems to help you become operational. Pie Five Pizza keeps franchise locations cohesive by offering support, marketing, distribution services, and product development.

How To Open a Pie Five Pizza Franchise

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Research the brand and your local area to see if a Pie Five Pizza franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth. As a result, you may not want to open a Pie Five Pizza franchise in a location that has multiple other pizza restaurants already.

If you are interested in owning a Pie Five Pizza franchise, you may submit an inquiry form. A representative from the Pie Five Pizza franchise development department may contact you to get to know you better and answer any questions you may have.

It may be a good idea to check with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Pie Five Pizza franchise.

Company Overview

About Pie Five Pizza

Industry	Food
Related Categories	Pizza
Founded	2011
Parent Company	Rave Restaurant Group
Leadership	Brandon Solano, CEO
Corporate Address	3551 Plano Pkwy. The Colony, TX 75056
Social	Facebook, Twitter, Instagram

Business Overview

Franchising Since	2011 (13 years)
# of employees at HQ	35
Where seeking	This company is offering new franchises worldwide. This company is offering new franchises in the following US states:
# of Units	43 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a Pie Five Pizza franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$30,000 - $40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$398,500 - $901,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Pie Five Pizza offers in-house financing to cover the following: franchise fee
Third Party Financing	Pie Five Pizza has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	135 hours
Classroom Training	15 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes