- Number of franchises: 26 (40 planned by year-end, 200 in pipeline)
- Locations: Florida, Kansas, Maryland, North Carolina, Tennessee, Texas, Utah, Virginia; more planned in 14 additional states and Washington, D.C.
- Initial franchise investment cost: $343,500 to $479,500 (does not include real estate); franchise fee is $20,000 per location, plus development fee of $5,000 per store
Description: Pie Five is a sister chain to the considerably larger Pizza Inn. Like its larger parent company, Pie Five is centered in the Southeast. The 9" pies generally cost $6.49; gluten-free runs an extra $2. The chain also offers a variety of salads.
Wunderlich Securities analyst Robert Derrington said Pie Five is geared toward families, and franchise developers have found it to be a very efficient package that works very well in suburban locations.
Slicing up the pizza market: Like other fast-casual concepts, the focus is on the in-store experience and the same kind of chic, industrial design that characterizes chains like Chipotle.