Rave Restaurant Group, Inc. (RAVE): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

¡Sumérgete en el innovador mundo del mundo de Rave Restaurant, donde Pizza se encuentra con la estrategia comercial de vanguardia! Esta compañía dinámica ha revolucionado el paisaje gastronómico casual rápido al aprovechar un sofisticado lienzo de modelo de negocio que transforma los restaurantes de pizza tradicionales en una experiencia gastronómica de personalización impulsada por la tecnología. Desde Pizza Inn hasta Pie Five, Rave ha creado un enfoque único que combina la expansión de la franquicia, la tecnología digital y los conceptos gastronómicos centrados en el consumidor para capturar los corazones (y el apetito) de los millennials y los entusiastas de las pizzas por igual.

Rave Restaurant Group, Inc. (Rave) - Modelo de negocios: asociaciones clave

Socios de franquicia

A partir de 2024, Rave Restaurant Group opera asociaciones de franquicias para Pizza Inn y Pie Five Restaurant Chains.

Tipo de socio de franquicia	Número de socios	Cobertura geográfica
Franquiciados de Pizza Inn	37	Múltiples estados de EE. UU.
Pie cinco franquiciados	12	Mercados regionales seleccionados

Redes de suministro y distribución de alimentos

Rave Restaurant Group mantiene asociaciones estratégicas de suministro de alimentos.

• Sysco Corporation - Partner de distribución de alimentos primarios
• US Foods - Red secundaria de suministro de alimentos
• Performance Food Group - Canal de distribución suplementaria

Desarrolladores de bienes raíces comerciales

Las asociaciones con entidades de bienes raíces comerciales apoyan estrategias de ubicación del restaurante.

Socio inmobiliario	Enfoque de asociación
Marco & Millicap	Selección del sitio del restaurante
Grupo CBRE	Negociaciones de arrendamiento

Proveedores de tecnología

Las asociaciones de tecnología de plataforma digital incluyen:

• Spoton - Plataforma de pedidos digitales
• Aloha/NCR-Sistemas de punto de venta
• Marca en línea: gestión del menú digital

Colaboradores de marketing y publicidad

Las asociaciones de marketing apoyan la visibilidad de la marca y la participación del cliente.

Socio de marketing	Tipo de colaboración
Marketing de las olas de pescado	Soluciones de marketing digital
Asientos vívidos	Asociaciones promocionales

Rave Restaurant Group, Inc. (Rave) - Modelo de negocios: actividades clave

Gestión de franquicias de restaurantes

Rave Restaurant Group gestiona las marcas de franquicias de Pizza Inn y Pie Five Pizza con 22 ubicaciones en el total de restaurantes a partir de 2023.

Marca de franquicia	Ubicaciones totales	De propiedad corporativa	Franquiciado
Pizza Inn	15	3	12
Pastel cinco	7	2	5

Desarrollo e innovación del menú

Inversión anual en investigación y desarrollo del menú: $ 125,000

• Prueba de elemento de menú trimestral
• Encuestas de preferencias del consumidor
• Optimización de abastecimiento de ingredientes

Ordenamiento digital e integración de tecnología

Las ventas digitales representaron el 18.5% de los ingresos totales en 2023.

Plataforma tecnológica	Inversión anual	Tasa de adopción de usuarios
Aplicación móvil	$275,000	42%
Sistema de pedidos en línea	$195,000	35%

Estrategias de marketing y expansión de la marca

Presupuesto de marketing: $ 1.2 millones en 2023

• Campañas de redes sociales
• Orientación del mercado local
• Programas de reclutamiento de franquicias

Capacitación operativa y apoyo para franquiciados

Inversión de capacitación anual: $ 350,000

• Programa integral de incorporación
• Talleres de rendimiento trimestrales
• Módulos de capacitación digital

Rave Restaurant Group, Inc. (Rave) - Modelo de negocios: recursos clave

Conceptos de restaurantes patentados

Rave Restaurant Group opera dos marcas de restaurantes principales:

• Pizza Inn: 15 ubicaciones de restaurantes totales a partir de 2023
• Pie Five Pizza: 9 ubicaciones totales de restaurantes a partir de 2023

Marca	Ubicaciones totales	Modelo de franquicia
Pizza Inn	15	Franquiciado
Pie Five Pizza	9	Franquiciado

Equipo de gestión experimentado

Posiciones clave de liderazgo a partir de 2024:

• Charles Locke - Director Ejecutivo
• Michael Pruitt - Presidente de la Junta

Infraestructura de tecnología de pedidos digitales

Métricas de ventas digitales:

• Plataformas de pedidos en línea disponibles para Pizza Inn y Pie Five
• Integración de aplicaciones móviles para pedidos digitales

Reconocimiento de marca

Métrico	Valor
Ingresos totales (2023)	$ 7.8 millones
Capitalización de mercado	Aproximadamente $ 4.5 millones

Desarrollo de franquicias y sistemas de soporte

Estructura de soporte de franquicia:

• Equipo de apoyo de franquicia centralizado
• Programas de capacitación para operadores de franquicias
• Sistemas de marketing y orientación operativa

Franquicia métrica	2023 datos
Total de ubicaciones franquiciadas	24
Personal de apoyo a la franquicia	8-10 empleados

Rave Restaurant Group, Inc. (Rave) - Modelo de negocio: propuestas de valor

Experiencias gastronómicas de pizza personalizables

A partir del cuarto trimestre de 2023, Rave Restaurant Group ofrece 17 opciones únicas de personalización de pizza en sus ubicaciones de la marca Pizza Inn.

Categoría de personalización	Opciones disponibles
Tipos de corteza	5 variaciones diferentes de corteza
Opciones de salsa	4 opciones de salsa de firma
Combinaciones de cobertura	8 combinaciones de cobertura únicas

Concepto de restaurante de servicio rápido

Tiempo de preparación de pedido promedio: 7-9 minutos por pizza.

Opciones de comida asequible

Rango promedio de precios de pizza: $ 8.99 - $ 14.99 en diferentes ubicaciones de restaurantes.

Categoría de comida	Precio
Pizza individual	$8.99 - $11.50
Pizza de tamaño familiar	$12.99 - $14.99

Menú de pizza diversa

• Elementos del menú total: 22 configuraciones de pizza distintas
• Variedades de corteza: plato delgado, topado a mano, relleno
• Selecciones de cobertura: más de 25 opciones de cobertura diferentes

Capacidades de pedido digital convenientes

Plataformas de pedidos digitales: Sitio web y aplicación móvil disponible en 38 estados.

Plataforma digital	Características
Aplicación móvil	Seguimiento de pedidos, integración de pagos, programa de recompensas
Sitio web	Pedidos en línea, navegación de menú, buscador de ubicaciones

Rave Restaurant Group, Inc. (RAVE) - Modelo de negocios: relaciones con los clientes

Compromiso del programa de fidelización

A partir de 2024, el programa de lealtad de Rave Restaurant Group para Pizza Inn y Pie Five Brands informó:

Métrico	Valor
Miembros del programa de fidelización total	78,542
Tasa de redención de puntos promedio	42.3%
Porcentaje de cliente repetido	36.7%

Aplicación digital y plataformas de pedidos en línea

Estadísticas de la plataforma de pedido digital:

• Descarga de la aplicación móvil Recuento: 215,000
• Porcentaje de pedido en línea: 24.6% de las ventas totales
• Valor de pedido digital promedio: $ 24.50

Interacción en las redes sociales

Plataforma	Recuento de seguidores	Tasa de compromiso
Instagram	52,300	3.8%
Facebook	87,600	2.9%
Gorjeo	29,400	1.5%

Comunicaciones de marketing personalizadas

Rendimiento del canal de marketing personalizado:

• Tamaño de la lista de marketing por correo electrónico: 146,000 suscriptores
• Tasa de apertura de correo electrónico: 22.4%
• Tasa de clics: 8.7%
• Tasa de conversión de campañas personalizadas: 4.3%

Apoyo a la comunidad de franquicias

Métrico de soporte	Valor
Ubicaciones totales de franquicia	42
Programas de capacitación de franquicias realizados	18 por año
Presupuesto anual de apoyo a la franquicia	$1,200,000

Rave Restaurant Group, Inc. (Rave) - Modelo de negocios: canales

Ubicaciones directas de restaurantes

A partir de 2024, Rave Restaurant Group opera un total de 16 ubicaciones de Pizza Inn en múltiples estados.

Tipo de ubicación	Número de restaurantes	Distribución geográfica
Restaurantes Pizza Inn propiedad de la empresa	7	Principalmente en Texas
Restaurantes de Pizza Inn franquiciados	9	Extendido por el sur de los Estados Unidos

Plataformas de pedidos en línea

Rave Restaurant Group utiliza múltiples canales de pedido digital.

• Sistema de pedidos directos del sitio web de la empresa
• Portales de pedidos en línea específicos de marca
• Plataformas integradas de comercio electrónico

Aplicación móvil

Pizza Inn mantiene una aplicación móvil disponible en plataformas iOS y Android con aproximadamente 25,000 usuarios mensuales activos.

Servicios de entrega de terceros

Socio de entrega	Estado de integración	Volumen de pedido mensual
Doordash	Totalmente integrado	4.500 pedidos
Uber come	Parcialmente integrado	2.800 pedidos
Grubhub	Integración limitada	1.200 pedidos

Distribución de la red de franquicias

La estrategia de distribución de franquicias se centra en la expansión geográfica estratégica.

• Acuerdos totales de franquicia: 9
• Territorios de franquicia: 4 estados
• Ingresos promedio de ubicación de la franquicia: $ 385,000 anualmente

Rave Restaurant Group, Inc. (RAVE) - Modelo de negocios: segmentos de clientes

Millennials and Gen Z consumidores

Según los datos demográficos de 2023, los Millennials (edades 27-42) y la Generación Z (edades 11-26) representan el 42.3% del mercado gastronómico objetivo de Rave Restaurant Group. El gasto promedio por visita para estos segmentos es de $ 14.75.

Grupo de edad	Porcentaje del mercado objetivo	Gasto promedio
Millennials	26.7%	$15.20
Gen Z	15.6%	$14.30

Entusiastas de la comida rápida

El segmento informal rápido representa el 35.4% de la base de clientes de Rave Restaurant Group, con un valor de mercado anual de $ 209.8 mil millones en 2023.

• Valor de transacción promedio: $ 16.50
• Frecuencia de comidas: 3.2 veces al mes
• Preferencia de pedido digital: 67.3%

Amantes de la pizza en busca de personalización

Los consumidores de pizza centrados en la personalización constituyen el 22.6% de los segmentos de clientes de Rave, con un tamaño de mercado estimado de $ 48.3 mil millones en 2024.

Preferencia de personalización	Porcentaje de clientes
Variedad de coberturas	58.7%
Opciones de corteza	41.3%

Mercado de comedor familiar

El segmento de comidas familiares representa el 18.9% de la base de clientes de Rave Restaurant Group, con un gasto familiar promedio de $ 42.60 por visita.

• Tamaño promedio de la familia: 3.7 miembros
• Frecuencia de comedor: 2.4 veces al mes
• Preferencia gastronómica de fin de semana: 73.5%

Los asistentes a los restaurantes conscientes del presupuesto

Los clientes sensibles al presupuesto comprenden el 25.6% del mercado de Rave, con un gasto promedio de $ 12.40 por comida.

Categoría de presupuesto	Porcentaje de clientes	Rango de gasto promedio
De bajo presupuesto	12.3%	$8-$12
Presupuesto medio	13.3%	$12-$18

Rave Restaurant Group, Inc. (Rave) - Modelo de negocio: Estructura de costos

Gastos de desarrollo de franquicias

A partir de 2024, los gastos de desarrollo de franquicias de Rave Restaurant Group incluyen:

Categoría de gastos	Costo anual
Reclutamiento de franquicias	$375,000
Legal y cumplimiento	$225,000
Programas de capacitación	$185,000

Adquisición de alimentos e ingredientes

Desglose de costos para la adquisición de alimentos e ingredientes:

• Presupuesto total de adquisiciones de alimentos anuales: $ 4,750,000
• Abastecimiento de proteínas: $ 1,875,000
• Producir adquisición: $ 1,125,000
• Materiales de embalaje: $ 475,000

Mantenimiento de la infraestructura tecnológica

Componente tecnológico	Costo de mantenimiento anual
Sistemas de punto de venta	$285,000
Plataformas de pedidos digitales	$215,000
Red y seguridad	$175,000

Inversiones de marketing y publicidad

Asignación de gastos de marketing:

• Presupuesto total de marketing: $ 1,250,000
• Marketing digital: $ 625,000
• Publicidad de medios tradicional: $ 375,000
• Campañas de redes sociales: $ 250,000

Sobrecarga operativa para soporte corporativo

Área de apoyo corporativo	Costo anual
Salarios administrativos	$2,100,000
Instalaciones de oficina	$475,000
Seguro corporativo	$285,000
Servicios profesionales	$350,000

Rave Restaurant Group, Inc. (RAVE) - Modelo de negocios: flujos de ingresos

Tarifas de regalías de franquicia

A partir del año fiscal 2023, Rave Restaurant Group reportó tarifas de regalías de franquicias de $ 1.2 millones.

Ventas de restaurantes

Categoría de ingresos	Cantidad (2023)
Ventas de restaurantes propiedad de la empresa	$ 3.7 millones
Venta de restaurantes de franquicia	$ 12.5 millones

Comisiones de pedidos digitales

Plataforma de pedido digital generada aproximadamente $450,000 en ingresos de la comisión durante 2023.

Licencias y extensión de marca

• Ingresos de mercancía de marca: $ 215,000
• Acuerdos de licencia: $ 175,000

Tarifas de desarrollo de franquicias

Las nuevas tarifas de desarrollo de franquicias en 2023 totalizaron $325,000, con una tarifa promedio de $ 65,000 por nueva ubicación de franquicia.

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.