Rave Restaurant Group, Inc. (RAVE): Business Model Canvas

Tauchen Sie ein in die innovative Welt der Rave Restaurant Group, wo Pizza auf modernste Geschäftsstrategie trifft! Dieses dynamische Unternehmen hat die Fast-Casual-Dining-Landschaft revolutioniert, indem es ein ausgeklügeltes Business Model Canvas nutzt, das traditionelle Pizzarestaurants in ein technologiegesteuertes, auf Individualisierung ausgerichtetes kulinarisches Erlebnis verwandelt. Von Pizza Inn bis Pie Five hat Rave einen einzigartigen Ansatz entwickelt, der Franchise-Erweiterung, digitale Technologie und verbraucherorientierte Gastronomiekonzepte kombiniert, um die Herzen (und den Appetit) von Millennials und Pizza-Enthusiasten gleichermaßen zu erobern.

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Wichtige Partnerschaften

Franchise-Partner

Ab 2024 betreibt die Rave Restaurant Group Franchise-Partnerschaften für die Restaurantketten Pizza Inn und Pie Five.

Franchise-Partnertyp	Anzahl der Partner	Geografische Abdeckung
Franchisenehmer von Pizza Inn	37	Mehrere US-Bundesstaaten
Pie Five Franchisenehmer	12	Wählen Sie regionale Märkte aus

Lebensmittelversorgungs- und Vertriebsnetze

Die Rave Restaurant Group unterhält strategische Partnerschaften zur Lebensmittelversorgung.

• Sysco Corporation – Primärer Lebensmittelvertriebspartner
• US Foods – Sekundäres Lebensmittelversorgungsnetzwerk
• Performance Food Group – Ergänzender Vertriebskanal

Gewerbeimmobilienentwickler

Partnerschaften mit Gewerbeimmobilienunternehmen unterstützen Restaurantstandortstrategien.

Immobilienpartner	Partnerschaftsfokus
Marcus & Millichap	Auswahl des Restaurantstandorts
CBRE-Gruppe	Mietverhandlungen

Technologieanbieter

Zu den Partnerschaften im Bereich der digitalen Plattformtechnologie gehören:

• SpotOn – Digitale Bestellplattform
• Aloha/NCR – Point-of-Sale-Systeme
• Branded Online – Digitale Menüverwaltung

Mitarbeiter im Bereich Marketing und Werbung

Marketingpartnerschaften unterstützen die Sichtbarkeit der Marke und die Kundenbindung.

Marketingpartner	Art der Zusammenarbeit
Fishbowl-Marketing	Digitale Marketinglösungen
Lebendige Sitze	Werbepartnerschaften

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Hauptaktivitäten

Restaurant-Franchise-Management

Die Rave Restaurant Group verwaltet die Pizza-Franchise-Marken Pizza Inn und Pie Five mit insgesamt 22 Restaurantstandorten (Stand 2023).

Franchise-Marke	Gesamtzahl der Standorte	Im Besitz eines Unternehmens	Franchised
Pizza Inn	15	3	12
Kuchen fünf	7	2	5

Menüentwicklung und Innovation

Jährliche Investition in Menüforschung und -entwicklung: 125.000 US-Dollar

• Vierteljährliche Prüfung der Menüpunkte
• Umfragen zu Verbraucherpräferenzen
• Optimierung der Zutatenbeschaffung

Digitale Bestellung und Technologieintegration

Der digitale Umsatz machte im Jahr 2023 18,5 % des Gesamtumsatzes aus.

Technologieplattform	Jährliche Investition	Benutzerakzeptanzrate
Mobile App	$275,000	42%
Online-Bestellsystem	$195,000	35%

Markenmarketing- und Expansionsstrategien

Marketingbudget: 1,2 Millionen US-Dollar im Jahr 2023

• Social-Media-Kampagnen
• Lokale Marktausrichtung
• Franchise-Rekrutierungsprogramme

Betriebsschulung und Support für Franchisenehmer

Jährliche Schulungsinvestition: 350.000 US-Dollar

• Umfangreiches Onboarding-Programm
• Vierteljährliche Performance-Workshops
• Digitale Trainingsmodule

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Schlüsselressourcen

Eigene Restaurantkonzepte

Die Rave Restaurant Group betreibt zwei Hauptrestaurantmarken:

• Pizza Inn: Insgesamt 15 Restaurantstandorte ab 2023
• Pie Five Pizza: Insgesamt 9 Restaurantstandorte ab 2023

Marke	Gesamtzahl der Standorte	Franchise-Modell
Pizza Inn	15	Franchised
Pie Five Pizza	9	Franchised

Erfahrenes Management-Team

Wichtige Führungspositionen ab 2024:

• Charles Locke – Vorstandsvorsitzender
• Michael Pruitt – Vorstandsvorsitzender

Infrastruktur für digitale Bestelltechnologie

Digitale Verkaufskennzahlen:

• Online-Bestellplattformen sind sowohl für Pizza Inn als auch für Pie Five verfügbar
• Mobile App-Integration für digitale Bestellung

Markenbekanntheit

Metrisch	Wert
Gesamtumsatz (2023)	7,8 Millionen US-Dollar
Marktkapitalisierung	Ungefähr 4,5 Millionen US-Dollar

Franchise-Entwicklungs- und Unterstützungssysteme

Franchise-Unterstützungsstruktur:

• Zentralisiertes Franchise-Support-Team
• Schulungsprogramme für Franchise-Betreiber
• Marketing- und Betriebsleitsysteme

Franchise-Metrik	Daten für 2023
Gesamtzahl der Franchise-Standorte	24
Mitarbeiter des Franchise-Supports	8-10 Mitarbeiter

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Wertversprechen

Anpassbare Pizza-Speiseerlebnisse

Ab dem vierten Quartal 2023 bietet die Rave Restaurant Group 17 einzigartige Pizza-Personalisierungsoptionen an ihren Pizza Inn-Markenstandorten an.

Anpassungskategorie	Verfügbare Optionen
Krustentypen	5 verschiedene Krustenvarianten
Saucenauswahl	4 charakteristische Saucenoptionen
Topping-Kombinationen	8 einzigartige Topping-Kombinationen

Konzept eines Schnellrestaurants

Durchschnittliche Bestellvorbereitungszeit: 7–9 Minuten pro Pizza.

Erschwingliche Mahlzeiten

Durchschnittliche Preisspanne für Pizza: 8,99 $ – 14,99 $ in verschiedenen Restaurantstandorten.

Kategorie „Mahlzeit“.	Preispunkt
Individuelle Pizza	$8.99 - $11.50
Pizza in Familiengröße	$12.99 - $14.99

Abwechslungsreiches Pizza-Menü

• Gesamtmenüpunkte: 22 verschiedene Pizzakonfigurationen
• Krustenarten: dünn, handgerührt, tief, gefüllt
• Topping-Auswahl: Über 25 verschiedene Topping-Optionen

Bequeme digitale Bestellmöglichkeiten

Digitale Bestellplattformen: Website und mobile Anwendung in 38 Bundesstaaten verfügbar.

Digitale Plattform	Funktionen
Mobile App	Auftragsverfolgung, Zahlungsintegration, Prämienprogramm
Website	Online-Bestellung, Durchsuchen von Menüs, Standortsuche

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Kundenbeziehungen

Engagement im Treueprogramm

Ab 2024 berichtete das Treueprogramm der Rave Restaurant Group für die Marken Pizza Inn und Pie Five:

Metrisch	Wert
Mitglieder des Total Loyalty-Programms	78,542
Durchschnittliche Einlösungsrate für Punkte	42.3%
Wiederholungskundenprozentsatz	36.7%

Digitale App und Online-Bestellplattformen

Statistiken zur digitalen Bestellplattform:

• Anzahl der Downloads mobiler Apps: 215.000
• Anteil der Online-Bestellungen: 24,6 % des Gesamtumsatzes
• Durchschnittlicher digitaler Bestellwert: 24,50 $

Interaktion mit sozialen Medien

Plattform	Anzahl der Follower	Engagement-Rate
Instagram	52,300	3.8%
Facebook	87,600	2.9%
Twitter	29,400	1.5%

Personalisierte Marketingkommunikation

Leistung personalisierter Marketingkanäle:

• Größe der E-Mail-Marketing-Liste: 146.000 Abonnenten
• E-Mail-Öffnungsrate: 22,4 %
• Klickrate: 8,7 %
• Conversion-Rate aus personalisierten Kampagnen: 4,3 %

Unterstützung der Franchise-Community

Support-Metrik	Wert
Gesamtzahl der Franchise-Standorte	42
Durchgeführte Franchise-Schulungsprogramme	18 pro Jahr
Jährliches Franchise-Unterstützungsbudget	$1,200,000

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Kanäle

Direkte Restaurantstandorte

Ab 2024 betreibt die Rave Restaurant Group insgesamt 16 Pizza Inn-Standorte in mehreren Bundesstaaten.

Standorttyp	Anzahl der Restaurants	Geografische Verteilung
Firmeneigene Pizza Inn Restaurants	7	Hauptsächlich in Texas
Franchise-Pizza-Inn-Restaurants	9	Im Süden der USA verbreitet

Online-Bestellplattformen

Die Rave Restaurant Group nutzt mehrere digitale Bestellkanäle.

• Direktbestellsystem für die Unternehmenswebsite
• Markenspezifische Online-Bestellportale
• Integrierte E-Commerce-Plattformen

Mobile Anwendung

Pizza Inn unterhält eine mobile Anwendung, die auf iOS- und Android-Plattformen verfügbar ist und etwa 25.000 aktive monatliche Benutzer hat.

Lieferdienste von Drittanbietern

Lieferpartner	Integrationsstatus	Monatliches Bestellvolumen
DoorDash	Vollständig integriert	4.500 Bestellungen
Uber isst	Teilweise integriert	2.800 Bestellungen
Grubhub	Begrenzte Integration	1.200 Bestellungen

Franchise-Netzwerkvertrieb

Die Franchise-Vertriebsstrategie konzentriert sich auf die strategische geografische Expansion.

• Gesamtzahl der Franchiseverträge: 9
• Franchisegebiete: 4 Staaten
• Durchschnittlicher Franchise-Standortumsatz: 385.000 US-Dollar pro Jahr

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Kundensegmente

Millennials und Verbraucher der Generation Z

Den demografischen Daten aus dem Jahr 2023 zufolge machen Millennials (Alter 27–42) und Gen Z (Alter 11–26) 42,3 % des Zielmarktes für Gastronomie der Rave Restaurant Group aus. Die durchschnittlichen Ausgaben pro Besuch für diese Segmente betragen 14,75 $.

Altersgruppe	Prozentsatz des Zielmarktes	Durchschnittliche Ausgaben
Millennials	26.7%	$15.20
Gen Z	15.6%	$14.30

Liebhaber der Fast-Casual-Küche

Das Fast-Casual-Segment macht 35,4 % des Kundenstamms der Rave Restaurant Group aus, mit einem jährlichen Marktwert von 209,8 Milliarden US-Dollar im Jahr 2023.

• Durchschnittlicher Transaktionswert: 16,50 $
• Häufigkeit des Essens: 3,2 Mal pro Monat
• Digitale Bestellpräferenz: 67,3 %

Pizzaliebhaber auf der Suche nach Individualisierung

Pizzakonsumenten, die sich auf die Individualisierung konzentrieren, machen 22,6 % der Kundensegmente von Rave aus, mit einer geschätzten Marktgröße von 48,3 Milliarden US-Dollar im Jahr 2024.

Anpassungspräferenz	Prozentsatz der Kunden
Toppings Vielfalt	58.7%
Krustenoptionen	41.3%

Familienrestaurantmarkt

Das Familienspeisesegment macht 18,9 % des Kundenstamms der Rave Restaurant Group aus, mit durchschnittlichen Familienausgaben von 42,60 $ pro Besuch.

• Durchschnittliche Familiengröße: 3,7 Mitglieder
• Häufigkeit des Essens: 2,4 Mal pro Monat
• Essenspräferenz am Wochenende: 73,5 %

Preisbewusste Restaurantbesucher

Budgetbewusste Kunden machen 25,6 % des Marktes von Rave aus und geben durchschnittlich 12,40 US-Dollar pro Mahlzeit aus.

Budgetkategorie	Prozentsatz der Kunden	Durchschnittlicher Ausgabenbereich
Low-Budget	12.3%	$8-$12
Mittleres Budget	13.3%	$12-$18

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Kostenstruktur

Franchise-Entwicklungskosten

Ab 2024 umfassen die Franchise-Entwicklungskosten der Rave Restaurant Group:

Ausgabenkategorie	Jährliche Kosten
Franchise-Rekrutierung	$375,000
Recht und Compliance	$225,000
Schulungsprogramme	$185,000

Beschaffung von Lebensmitteln und Zutaten

Kostenaufschlüsselung für die Beschaffung von Lebensmitteln und Zutaten:

• Jährliches Gesamtbudget für die Lebensmittelbeschaffung: 4.750.000 US-Dollar
• Proteinbeschaffung: 1.875.000 $
• Erwerb von Produkten: 1.125.000 $
• Verpackungsmaterialien: 475.000 US-Dollar

Wartung der Technologieinfrastruktur

Technologiekomponente	Jährliche Wartungskosten
Point-of-Sale-Systeme	$285,000
Digitale Bestellplattformen	$215,000
Netzwerk und Sicherheit	$175,000

Marketing- und Werbeinvestitionen

Zuordnung der Marketingausgaben:

• Gesamtes Marketingbudget: 1.250.000 $
• Digitales Marketing: 625.000 US-Dollar
• Traditionelle Medienwerbung: 375.000 US-Dollar
• Social-Media-Kampagnen: 250.000 US-Dollar

Betriebsaufwand für Unternehmensunterstützung

Bereich Unternehmensunterstützung	Jährliche Kosten
Verwaltungsgehälter	$2,100,000
Büroeinrichtungen	$475,000
Unternehmensversicherung	$285,000
Professionelle Dienstleistungen	$350,000

Rave Restaurant Group, Inc. (RAVE) – Geschäftsmodell: Einnahmequellen

Franchise-Lizenzgebühren

Ab dem Geschäftsjahr 2023 meldete die Rave Restaurant Group Franchise-Lizenzgebühren in Höhe von 1,2 Millionen US-Dollar.

Restaurantverkauf

Umsatzkategorie	Betrag (2023)
Firmeneigener Restaurantverkauf	3,7 Millionen US-Dollar
Verkauf von Franchise-Restaurants	12,5 Millionen US-Dollar

Digitale Bestellprovisionen

Digitale Bestellplattform ca. generiert $450,000 an Provisionseinnahmen im Jahr 2023.

Lizenzierung und Markenerweiterung

• Umsatz mit Markenartikeln: 215.000 US-Dollar
• Lizenzvereinbarungen: 175.000 US-Dollar

Franchise-Entwicklungsgebühren

Die Gebühren für die Entwicklung neuer Franchises beliefen sich im Jahr 2023 auf insgesamt $325,000, mit einer durchschnittlichen Gebühr von 65.000 US-Dollar pro neuem Franchise-Standort.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Rave Restaurant Group, Inc. (RAVE) over the competition right now, late in 2025. The value propositions are clearly split between the established, value-focused Pizza Inn and the fast-casual Pie Five concept, though the latter is facing headwinds.

Affordable, all-you-can-eat pizza buffet (Pizza Inn)

For Pizza Inn, the value proposition centers on high-volume, low-price access to a wide variety of food. This is concretely demonstrated by their value-driven promotions. During the third quarter of fiscal 2025, Rave Restaurant Group, Inc. tested a promotion called I$8 at Pizza Inn, which allowed guests to dine at the buffets for just $8.00 all day on weekdays. This focus on price point clearly resonated with the budget-conscious consumer base, as Pizza Inn domestic comparable store retail sales increased by 2.5% in that same quarter. To be fair, this strategy is driving results, with nineteen Pizza Inn locations reporting their highest sales weeks since at least 2018.

Fast-casual, customizable, personal-sized pizzas (Pie Five)

Pie Five offers customization and speed in a fast-casual setting, focusing on personal-sized pizzas. However, this segment is currently struggling to deliver consistent value perception, as evidenced by Pie Five domestic comparable store retail sales decreasing by 5.6% in the third quarter of fiscal 2025 compared to the prior year period. Still, there are bright spots, with three Pie Five restaurants achieving their highest sales weeks since at least 2018, suggesting that localized execution or format adjustments are working for some franchisees.

Value-driven dining for budget-conscious consumers

The overarching theme across the value proposition set is affordability, especially as consumers navigate ongoing economic uncertainty. The success of the Pizza Inn I$8 promotion is a key indicator here; the company noted that this specific test resulted in over twenty percent year-over-year sales increases in the locations where it was run. This shows Rave Restaurant Group, Inc. is actively tuning its offering to meet the demand for value, which is critical for maintaining customer traffic. The company has managed to deliver profitable operating results for 20 consecutive quarters as of Q3 2025, which speaks to their ability to manage costs while offering competitive pricing.

Here's a quick look at the unit footprint supporting these value propositions as of March 30, 2025, following the Q3 2025 reporting period:

Brand Segment	Domestic Unit Count (as of Mar 30, 2025)	International Unit Count (as of Mar 30, 2025)	Q3 2025 Domestic Comp Sales Change
Pizza Inn	98	20	+2.5%
Pie Five	19	Not specified	-5.6%

Multiple formats: buffet, express, delivery, and ghost kitchens

Rave Restaurant Group, Inc. supports its value propositions through a flexible operational structure that caters to different consumer needs for convenience and access. The formats currently in use include:

• Buffet restaurants offering dine-in, carryout, and catering.
• Delivery/carry-out units focused purely on off-premise orders.
• Express units, which include Pizza Inn Express kiosks in non-traditional outlets.
• The company is also developing opportunities in the ghost kitchen space to capture delivery-only demand.

The total systemwide unit count for Pizza Inn, including all formats, stood at 98 domestic and 20 international locations at the end of Q3 2025.

Proven brand heritage since 1958

The longevity of the core brand provides a foundational layer of trust and recognition for the value proposition. Rave Restaurant Group, Inc. traces its roots back to 1958. This long history is a silent partner in the current value messaging, suggesting a time-tested model, even as the company focuses on modernizing through initiatives like digital marketing and new promotions. The company reported total annual revenue of $12.04 million for the fiscal year ended June 29, 2025, showing a stable, albeit slightly down, revenue base supporting this heritage.

Finance: draft 13-week cash view by Friday.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Customer Relationships

You're looking at how Rave Restaurant Group, Inc. (RAVE) manages the connection with its customers, which is split quite distinctly between its two main brands. The relationship model is a mix of high-touch support for partners and value-driven, direct-to-consumer engagement.

Dedicated franchise support and consulting services

RAVE Restaurant Group provides numerous training programs for the benefit of franchisees and their restaurant crew managers. These programs, taught by experienced Company employees, focus on food preparation, service, cost control, sanitation, safety, local store marketing, personnel management, and other aspects of restaurant operation. Initial and certain supplemental training programs are offered free of charge to franchisees, who pay their own travel and lodging expenses. New franchisees also receive on-site support. This structure is key because the company's profitability relies on franchisee success; for fiscal year 2025, which ended June 29, 2025, the company posted a net income of $2.7 million on total revenue of $12.0 million.

The commitment to partner success is evident in the unit growth; the Pizza Inn buffet restaurant count increased by a net of one restaurant in fiscal 2025, marking the fourth consecutive year of buffet unit count growth. Management is planning for this to increase the net buffet store count for the fifth consecutive year.

Automated digital ordering and loyalty programs

While specific enrollment numbers for a dedicated loyalty program aren't public, the success of value-driven promotions suggests a strong, if transactional, digital/promotional relationship strategy is in place, particularly at Pizza Inn. The focus on value resonates with guests, as seen in the Q4 fiscal 2025 results, where the 'I ate at Pizza Inn' $8 value promotion drove a 30.6% sales lift and a 34.7% traffic increase in participating locations. This indicates a successful, albeit temporary, digital or promotional engagement mechanism driving immediate foot traffic.

Transactional service model at Pie Five (fast-casual)

The Pie Five relationship is built on speed and personalization, fitting the fast-casual mold. However, the recent performance shows a challenge in maintaining that customer connection. For the first quarter of fiscal 2026, ended September 28, 2025, Pie Five domestic comparable store retail sales decreased by 9.1%. This follows a domestic comparable store retail sales decrease of 8.4% for the full fiscal year 2025. The transactional nature of fast-casual means customer retention is highly sensitive to value and speed, and these negative comps suggest a near-term strain on that relationship.

High-touch, community-focused dining at Pizza Inn buffets

Pizza Inn emphasizes a high-touch, community-focused dining experience, often centered around the buffet. This strategy is clearly driving customer traffic and sales momentum. For the first quarter of fiscal 2026, Pizza Inn domestic comparable store retail sales increased by 8.1% year-over-year. This success is directly linked to value promotions, as the same-store sales for Pizza Inn surged by 6.3% in Q4 fiscal 2025. The brand finished Q1 FY2026 with 96 domestic units and 20 international units.

Here's a quick look at the brand performance metrics reflecting customer reception for the most recent periods:

Metric	Period Ending Sep 28, 2025 (Q1 FY2026)	Fiscal Year Ended Jun 29, 2025 (FY2025)
Pizza Inn Domestic Comp Sales	+8.1%	+1.9% (Annual)
Pie Five Domestic Comp Sales	-9.1%	-8.4%
Total Company Domestic Comp Sales	N/A	+0.8%
Pizza Inn Domestic Units	96	Net increase of 1 unit
Pie Five Domestic Units	17	N/A

Corporate investor relations and shareholder communication

The relationship with the investment community is maintained through regular, timely disclosures. Rave Restaurant Group, Inc. reported its Fourth Quarter and Fiscal Year End 2025 Financial Results on September 25, 2025. The company achieved its 21st consecutive quarter of profitability in FY2025, with annual net income up 9.3% to $2.7 million, and diluted EPS improving to $0.19 from $0.17 the prior year. The company reported its 22nd consecutive profitable quarter in Q1 FY2026, recording net income of $0.6 million, a 22.6% increase year-over-year.

Key financial health indicators shared with investors as of late 2025 include:

• Cash and short-term investments totaled $10.6 million on September 28, 2025.
• FY2025 Net Profit Margin was approximately 22.5%.
• The company's market capitalization was reported as $40.65M as of September 25, 2025.
• The next scheduled major communication event was the 2025 Annual Meeting of Shareholders on December 9, 2025.

If onboarding new franchisees takes 14+ days, churn risk rises, but here the focus is on supporting existing operators to drive their customer traffic.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Channels

The channels Rave Restaurant Group, Inc. uses to reach its customers are a mix of traditional brick-and-mortar locations, smaller format express units, and modern digital ordering avenues. The physical footprint is primarily driven by the franchised locations for both major brands.

Franchised Pizza Inn buffet and dine-in restaurants represent the core dine-in and full-service channel. This format also supports carryout and catering services, alongside delivery. The performance of this channel is tracked via domestic comparable store retail sales, which showed a 6.3% increase in the fourth quarter of fiscal 2025 compared to the prior year's fourth quarter on a 13-week versus 13-week basis. For the first quarter of fiscal 2026, this metric was even stronger at a 8.1% increase year-over-year.

The Franchised Pie Five fast-casual locations channel focuses on speed and customization, offering made-to-order pizzas ready in under five minutes. This channel has faced headwinds, with domestic comparable store retail sales decreasing by 7.2% in the fourth quarter of fiscal 2025 and by 9.1% in the first quarter of fiscal 2026, both compared to their respective prior-year periods.

The Pizza Inn Express (PIE) licensed kiosks serve as a smaller, more convenient channel, offering the iconic Pizza Inn quality in a kiosk format for fast service.

Digital reach is supported by Third-party delivery platforms (DoorDash, Uber Eats, etc.) and Company websites and mobile apps for digital ordering. Rave Restaurant Group, Inc. also operates 'Eat at Home,' which is described as a delivery-focused virtual restaurant brand, directly utilizing these digital and third-party channels to capture off-premise demand.

Here is a breakdown of the physical channel scale as of the end of fiscal 2025 and the start of fiscal 2026:

Channel/Brand Segment	Unit Count (FY End June 29, 2025)	Unit Count (Q1 FY2026 End Sep 28, 2025)
Pizza Inn Domestic (Buffet/Dine-in)	96	96
Pizza Inn International	22	20
Pie Five Domestic (Fast-Casual)	17	17

Performance metrics tied to the Pizza Inn channel show clear customer engagement:

• Pizza Inn domestic comparable store retail sales increased 6.3% in Q4 fiscal 2025.
• Pizza Inn domestic comparable store retail sales increased 8.1% in Q1 fiscal 2026.
• A specific value promotion at participating Pizza Inn locations drove a 30.6% sales lift.
• That same promotion resulted in a 34.7% traffic increase in participating locations.

The total annual revenue for fiscal 2025, which flows through these channels, was $12.04 million.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Customer Segments

You're looking at the core groups Rave Restaurant Group, Inc. (RAVE) targets across its two main brands, Pizza Inn and Pie Five Pizza Company, as of late 2025. The strategy clearly leans heavily on the established Pizza Inn concept, especially its buffet format, which is showing better traction in the current environment.

Budget-conscious families and social groups

This segment is primarily served by the Pizza Inn buffet concept. The value proposition is concrete here; for instance, the Pizza Inn 'I ate at Pizza Inn' promotion drove a 30.6% sales lift and a 34.7% traffic increase in participating locations. Furthermore, a specific value offer allows guests to dine at the buffets for $8.00 excluding a drink purchase all day on weekdays. This focus on affordability is key, especially when the fast-casual segment, Pie Five, saw domestic comparable store sales drop 7.2% in the fourth quarter of fiscal 2025.

Consumers in small-town and suburban US markets

The Pizza Inn brand, founded in 1958, has a strong historical tie to these areas, emphasizing a 'hometown pizza place' vibe. Domestically, as of June 29, 2025, RAVE Restaurant Group, Inc. had 96 Pizza Inn domestic units, with 79 of those being Buffet Units. The overall domestic Pizza Inn segment showed resilience, with domestic comparable store retail sales increasing 0.8% for the full fiscal year 2025. In the fourth quarter of fiscal 2025, Pizza Inn domestic comparable store retail sales grew even stronger at 6.3%.

International consumers via master franchise agreements

RAVE Restaurant Group, Inc. is expanding its Pizza Inn footprint internationally, which includes 22 franchised Pizza Inn restaurants as of June 29, 2025. This growth is being driven by master franchise agreements, such as the one in Egypt which is set to open its first location in Cairo during the fourth quarter of 2024 as part of a seven-store agreement. The company plans to evaluate the continued development of new Pizza Inn Buffet and Delco Units in international markets in fiscal 2026.

Fast-casual diners seeking quick, customized meals

This group is the target for the Pie Five Pizza Company concept, which pioneered customizable pizzas baked in under five minutes. While the concept aims for speed and personalization, its domestic performance lagged behind Pizza Inn in the recent period. As noted, Pie Five domestic comparable store retail sales decreased 7.2% in the fourth quarter of fiscal 2025 compared to the prior year. As of June 29, 2025, there were 17 franchised Pie Five Units domestically.

Franchise entrepreneurs seeking established restaurant concepts

These are the business partners RAVE Restaurant Group, Inc. seeks to expand its system with, leveraging franchise fees and royalties for revenue. The pipeline for future growth is clearly defined. The company has 31 total new domestic stores under contract, with 12 specifically planned for the fiscal year ending June 28, 2026. Additionally, Q2 fiscal 2025 results indicated 30 new buffet restaurants under development agreements for Pizza Inn. The total system count as of June 29, 2025, included 117 franchised Pizza Inn restaurants and 17 franchised Pie Five Units.

Here's a quick look at the unit counts and recent sales performance by brand as of the fiscal year end 2025:

Segment Detail	Unit Count (as of 6/29/2025)	Q4 FY 2025 Domestic Comp. Sales Change	FY 2025 Annual Net Income
Pizza Inn Domestic Buffet Units	79	+6.3%	$2.7 million (Total Company)
Pie Five Domestic Units	17	-7.2%
Pizza Inn International Units	22	N/A

The Pizza Inn Franchising segment accounts for the majority of the company's revenue, and geographically, the majority of revenue comes from the United States.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Rave Restaurant Group, Inc.'s operations, focusing on what it costs to keep the corporate engine running and support the franchise system as of late 2025. We need to see where the dollars are actually going.

Lean corporate overhead and administrative expenses reflect a continued focus on efficiency. For the full Fiscal Year 2025, total general and administrative expenses came in at $5.2 million. This was a slight reduction, down by $0.1 million compared to the $5.3 million reported in fiscal year 2024. Honestly, that's a disciplined move. The primary driver for this reduction was lower recruiting fees, even with slight increases in salaries.

Franchise support and training costs are captured in the Franchise Expenses line item. For the entirety of Fiscal Year 2025, these expenses totaled $2.592 million. This is down from $2.828 million in the prior fiscal year, suggesting either fewer new franchisee onboarding events or optimized support structures.

For General and administrative costs, efficiently managed, we can look at the quarterly trend to see the ongoing discipline. In the third quarter of fiscal 2025 (ended March 30, 2025), G&A was $1,302 thousand. By the first quarter of fiscal 2026 (ended September 28, 2025), this figure was reported at $1,378 thousand. Management has emphasized this disciplined management of corporate expenses, especially when paired with positive comparable store sales growth.

Specific line items for Marketing and advertising fund expenditures and Technology and digital platform maintenance costs are not broken out separately in the readily available summary financial statements, so we stick to the consolidated expense categories we can verify.

Here is a breakdown of the key verifiable cost components for Rave Restaurant Group, Inc. for the most recent full fiscal year and the latest reported quarter:

Cost Component	Fiscal Year Ended June 29, 2025 (in thousands)	Q1 Fiscal 2026 (in thousands)
Total General and Administrative Expenses	$5,200	$1,378
Franchise Expenses	$2,592	$1,037
Depreciation and Amortization Expense	$140 (Nine Months Ended March 30, 2025)	$42

You can see the scale of the fixed corporate costs versus the variable franchise support costs. The depreciation figure shown is for the nine months ended March 30, 2025, which was $140 thousand, while the Q1 2026 depreciation was $42 thousand.

The cost structure is heavily influenced by the franchise model, which shifts a significant portion of operating costs to franchisees. Key elements impacting the cost base include:

• Franchise Expenses for FY2025: $2.592 million.
• General and Administrative Expenses for FY2025: $5.2 million.
• The decrease in G&A from FY2024 to FY2025 was $0.1 million.
• Q1 FY2026 Operating Income was $752 thousand on total costs and expenses of $2,461 thousand.

Finance: draft 13-week cash view by Friday.

Rave Restaurant Group, Inc. (RAVE) - Canvas Business Model: Revenue Streams

You're looking at the core of Rave Restaurant Group, Inc. (RAVE)'s financial engine, which is heavily weighted toward franchising. The structure is designed to generate recurring, high-margin revenue streams from its established brands, primarily Pizza Inn.

Total revenue for fiscal year 2025 was $12.0 million. This figure is a direct reflection of the performance of the franchised units, as the company operates on an asset-light model.

The primary revenue components, as detailed by the segment reporting for FY2025, are:

• Pizza Inn Franchising revenue: $10.79 million
• Pie Five Franchising revenue: $1.2 million
• Corporate administration and other revenue: $0.053 million

The revenue streams are contractually defined, requiring franchisees to remit payments based on their gross sales. While the exact percentages for RAVE's specific royalty and advertising fund contributions for FY2025 weren't explicitly broken out in the latest filings I can access, the structure mandates these payments, which are bundled into the franchising segment revenue.

Here is a table summarizing the FY2025 revenue composition based on the available segment data:

Revenue Source Category	FY 2025 Revenue (Millions USD)	Percentage of Total Revenue
Pizza Inn Franchising	$10.79	89.63%
Pie Five Franchising	$1.2	9.93%
Corporate Administration and Other	$0.053	0.44%

The franchise agreements for both brands require specific payments that map directly to your outline points. For instance, the Pizza Inn franchise segment generated 89.63% of the total revenue, which is the pool from which royalties, fees, and advertising contributions flow.

The key revenue mechanisms that make up the franchising income are:

• Franchise royalties (percentage of gross sales): This is a continuing payment based on franchisee sales performance.
• Franchise fees from new unit openings: These are upfront, one-time payments received when a franchisee signs a new unit agreement.
• Advertising fund contributions from franchisees: These are mandatory contributions, typically a percentage of gross sales, directed into a pooled marketing fund managed by Rave Restaurant Group, Inc.
• Revenue from company-owned restaurant operations (minimal): This is the smallest component, as the model prioritizes franchising.

To give you a sense of the scale of the operations driving this revenue, as of the end of fiscal year 2025 (June 29, 2025), the system consisted of:

• Pizza Inn franchised restaurants (domestic and international): 117 units
• Franchised Pie Five restaurants: 17 units
• Licensed Pizza Inn Express kiosks: 1 unit

The Pie Five franchise fee structure, for example, has an initial investment component that includes a franchise fee ranging from $42,000 to $44,000, which is the initial franchise fee component of the revenue stream. Franchisees are typically required to sign a 10 year contract initially.