RAVE | Market Cap: $32.7M (10/12/26)
Industry:
Consumer Services

DESCRIPTION

Rave Restaurant Group is a franchisor of two pizza brands: Pizza Inn and Pie Five. The company operates as a pure franchisor and does not own or operate restaurants. Pizza Inn is Rave's primary brand, centered on a family-oriented buffet format offering dine-in, carryout, and catering, alongside smaller delivery, carryout, and express formats. Pie Five is a fast-casual concept that serves customizable individual pizzas. Rave licenses its brands to independent franchisees and supports them with training, marketing, sourcing, and quality standards. The company generates revenue primarily from ongoing royalties charged as a percentage of franchisee sales, one-time franchise fees, and marketing fund contributions. Rave also facilitates supply chain operations by requiring franchisees to purchase proprietary ingredients through authorized distributors. Internationally, Rave partners with master licensees under long-term agreements, sharing franchise fees and royalties. Because Rave does not bear restaurant-level food, labor, or occupancy costs, its profitability depends directly on system-wide sales volumes and franchised unit counts.

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