Rave Restaurant Group Inc's Business Segments

Rave Restaurant Group Inc. is a publicly traded company that operates and franchises pizza buffet restaurants under the brand names Pizza Inn and Pie Five Pizza Co. The company was founded in 1960 and is headquartered in Dallas, Texas.

Pizza Inn is a traditional pizza buffet concept that serves various types of pizza, pasta, salads, and desserts. The restaurants are typically located in small towns and suburban areas, with a focus on family dining. The buffet style allows customers to enjoy an all-you-can-eat experience and customize their meals to their preferences.

Pie Five Pizza Co., on the other hand, is a fast-casual concept that offers personal-sized pizzas made-to-order. Customers can choose from a variety of crusts, sauces, cheeses, and toppings, allowing for a customizable dining experience. The pizzas are baked in a fast conveyor oven and ready in just a few minutes.

Rave Restaurant Group operates both company-owned restaurants and franchises. As of the latest available data, the company has more than 70 Pizza Inn locations and around 30 Pie Five Pizza Co. locations in the United States.

In addition to its restaurants, Rave Restaurant Group also provides franchise and development services to individuals or entities interested in opening their own Pizza Inn or Pie Five Pizza Co. locations. This includes assistance with site selection, training, marketing, and ongoing operational support.

Rave Restaurant Group focuses on delivering high-quality food, excellent customer service, and a unique dining experience. The company places a strong emphasis on innovation and staying ahead of trends in the ever-evolving restaurant industry. This is reflected in the menu offerings, which often include new and innovative pizza combinations, as well as the use of fresh and locally sourced ingredients.

In recent years, Rave Restaurant Group has also made efforts to expand internationally. It has entered into franchise agreements to open Pizza Inn locations in countries such as Mexico, Canada, Guatemala, and Japan. This global expansion strategy provides the opportunity for the company to reach new markets and increase its brand presence worldwide.

Overall, Rave Restaurant Group Inc. is a well-established and growing company in the restaurant industry. With its two distinct brands, Pizza Inn and Pie Five Pizza Co., it caters to different dining preferences and offers a range of options for customers. Its franchising opportunities also contribute to its growth and expansion efforts, making Rave Restaurant Group an attractive investment for potential franchisees.

The registrant operates through three reportable business segments: Pizza Inn Franchising, Pie Five Franchising, and Corporate Administration and Other. These segments are distinguished by the nature of their products and services. Corporate administration encompasses general accounting, human resources, legal, and credit and collections functions, with costs partially allocated to the other segments. The chief executive officer, serving as the chief operating decision maker, assesses segment performance primarily based on operating revenues and income before taxes. The Pizza Inn and Pie Five Franchising segments focus on establishing franchisees, licensees, and territorial rights, generating revenues from franchise royalties, fees, sales of area development and foreign master license rights, and incentive payments from third-party suppliers and distributors. Assets for these franchising segments include equipment, furniture, and fixtures. Corporate administration assets consist of cash, short-term investments, furniture, fixtures, trademarks, and intangible assets. All assets are located within the United States.