Rave Restaurant Group, Inc. (Rave): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le World innovative of Rave Restaurant Group, où Pizza rencontre une stratégie commerciale de pointe! Cette entreprise dynamique a révolutionné le paysage de restauration rapide en tirant un peu en tirant une toile de modèle commercial sophistiqué qui transforme les restaurants de pizza traditionnels en une expérience de restauration axée sur la technologie et axée sur la personnalisation. De Pizza Inn à Pie Five, Rave a conçu une approche unique qui combine l'expansion de la franchise, la technologie numérique et les concepts de restauration centrés sur le consommateur pour capturer les cœurs (et les appétits) des milléniaux et des amateurs de pizza.

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: partenariats clés

Partenaires de franchise

En 2024, Rave Restaurant Group exploite des partenariats de franchise pour Pizza Inn et Pie Five Restaurant Chains.

Type de partenaire de franchise	Nombre de partenaires	Couverture géographique
Franchisés Pizza Inn	37	Plusieurs États américains
Pie à cinq franchisés	12	Sélectionnez les marchés régionaux

Réseaux de fournitures et de distribution alimentaires

Rave Restaurant Group maintient des partenariats stratégiques d'approvisionnement alimentaire.

• Sysco Corporation - Primaire partenaire de distribution alimentaire
• US Foods - réseau d'approvisionnement alimentaire secondaire
• Performance Food Group - Canal de distribution supplémentaire

Promoteurs immobiliers commerciaux

Les partenariats avec des entités immobilières commerciales soutiennent les stratégies de localisation des restaurants.

Partenaire immobilier	Focus de partenariat
Marcus & Millichap	Sélection du site de restaurant
Groupe CBRE	Négociations de location

Vendeurs technologiques

Les partenariats technologiques de la plate-forme numérique comprennent:

• Spoton - plate-forme de commande numérique
• ALOHA / NCR - Systèmes de point de vente
• Marque en ligne - Gestion du menu numérique

Collaborateurs de marketing et de publicité

Les partenariats marketing soutiennent la visibilité de la marque et l'engagement client.

Partenaire marketing	Type de collaboration
Marketing à poisson	Solutions de marketing numérique
Sièges vifs	Partenariats promotionnels

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: Activités clés

Gestion de la franchise des restaurants

Rave Restaurant Group gère les marques de franchise Pizza Inn et Pie Five Five avec 22 emplacements au total des restaurants en 2023.

Marque de franchise	Total des emplacements	Appartenant à une entreprise	Franchisé
Pizza	15	3	12
Pie cinq	7	2	5

Développement et innovation de menu

Investissement annuel dans la recherche et le développement de menu: 125 000 $

• Test de menu trimestriel
• Enquêtes sur les préférences des consommateurs
• Optimisation de l'approvisionnement en ingrédient

Commande numérique et intégration technologique

Les ventes numériques représentaient 18,5% des revenus totaux en 2023.

Plate-forme technologique	Investissement annuel	Taux d'adoption des utilisateurs
Application mobile	$275,000	42%
Système de commande en ligne	$195,000	35%

Marketing de marque et stratégies d'expansion

Budget marketing: 1,2 million de dollars en 2023

• Campagnes de médias sociaux
• Ciblage du marché local
• Programmes de recrutement de franchise

Formation opérationnelle et soutien aux franchisés

Investissement de formation annuelle: 350 000 $

• Programme d'intégration complet
• Ateliers de performance trimestriels
• Modules de formation numérique

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: Ressources clés

Concepts de restauration propriétaires

Rave Restaurant Group exploite deux marques de restaurants primaires:

• Pizza Inn: 15 emplacements au total des restaurants à partir de 2023
• Pie cinq pizza: 9 emplacements au total des restaurants à partir de 2023

Marque	Total des emplacements	Modèle de franchise
Pizza	15	Franchisé
Tarte cinq pizza	9	Franchisé

Équipe de gestion expérimentée

Positions clés en leadership en 2024:

• Charles Locke - directeur général
• Michael Pruitt - président du conseil d'administration

Infrastructure de technologie de commande numérique

Métriques des ventes numériques:

• Plates-formes de commande en ligne disponibles pour Pizza Inn et Pie Five
• Intégration d'applications mobiles pour la commande numérique

Reconnaissance de la marque

Métrique	Valeur
Revenu total (2023)	7,8 millions de dollars
Capitalisation boursière	Environ 4,5 millions de dollars

Systèmes de développement et de support de franchise

Structure de soutien à la franchise:

• Équipe de support de franchise centralisée
• Programmes de formation pour les opérateurs de franchise
• Systèmes de marketing et d'orientation opérationnelle

Métrique de franchise	2023 données
Emplacements franchisés totaux	24
Personnel de soutien à la franchise	8-10 employés

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: propositions de valeur

Expériences de restauration personnalisables à pizza

Depuis le quatrième trimestre 2023, Rave Restaurant Group propose 17 options de personnalisation de pizza uniques dans leurs emplacements de marque Pizza Inn.

Catégorie de personnalisation	Options disponibles
Types de croûtes	5 variations de croûte différentes
Choix de sauce	4 options de sauce signature
Combinaisons de garniture	8 combinaisons de garniture uniques

Concept de restaurant à service rapide

Temps de préparation de la commande moyenne: 7-9 minutes par pizza.

Options de repas abordables

P.

Catégorie de repas	Prix
Pizza individuelle	$8.99 - $11.50
Pizza de taille familiale	$12.99 - $14.99

Menu de pizza diversifié

• Éléments du menu total: 22 configurations de pizzas distinctes
• Variétés de la croûte: Disping, mince, tossé à la main, farci
• Sélections de garniture: plus de 25 choix de topping différents

Capacités de commande numérique pratiques

Plateformes de commande numérique: Site Web et application mobile disponible dans 38 États.

Plate-forme numérique	Caractéristiques
Application mobile	Suivi des commandes, intégration des paiements, programme de récompenses
Site web	Commande en ligne, navigation de menu, recherche d'emplacement

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: relations avec les clients

Engagement du programme de fidélité

En 2024, le programme de fidélité de Rave Restaurant Group pour Pizza Inn et Pie Five Brands a rapporté:

Métrique	Valeur
Membres du programme de fidélité totale	78,542
Taux de rachat des points moyens	42.3%
Pourcentage de clientèle répété	36.7%

Application numérique et plateformes de commande en ligne

Statistiques de la plate-forme de commande numérique:

• Count de téléchargement d'application mobile: 215 000
• Pourcentage de commande en ligne: 24,6% du total des ventes
• Valeur de commande numérique moyenne: 24,50 $

Interaction des médias sociaux

Plate-forme	Nombre de suiveurs	Taux d'engagement
Instagram	52,300	3.8%
Facebook	87,600	2.9%
Gazouillement	29,400	1.5%

Communications marketing personnalisées

Performance personnalisée du canal de marketing:

• Taille de la liste de marketing par e-mail: 146 000 abonnés
• Taux d'ouverture par e-mail: 22,4%
• Taux de clics: 8,7%
• Taux de conversion à partir de campagnes personnalisées: 4,3%

Soutien de la communauté de franchise

Métrique de soutien	Valeur
Emplacements totaux de franchise	42
Programmes de formation de franchise menés	18 par an
Budget annuel de soutien à la franchise	$1,200,000

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: Channeaux

Emplacements des restaurants directs

En 2024, Rave Restaurant Group exploite un total de 16 emplacements Pizza Inn dans plusieurs États.

Type d'emplacement	Nombre de restaurants	Distribution géographique
Restaurants de Pizza Inn appartenant à l'entreprise	7	Principalement au Texas
Restaurants franchis Pizza Inn	9	Réparti dans le sud des États-Unis

Plateformes de commande en ligne

Rave Restaurant Group utilise plusieurs chaînes de commande numériques.

• Système de commande directe du site Web de l'entreprise
• Portails de commande en ligne spécifiques à la marque
• Plates-formes de commerce électronique intégrées

Application mobile

Pizza Inn maintient une application mobile disponible sur les plates-formes iOS et Android avec environ 25 000 utilisateurs mensuels actifs.

Services de livraison tiers

Partenaire de livraison	Statut d'intégration	Volume de commande mensuel
Doordash	Entièrement intégré	4 500 commandes
Uber mange	Partiellement intégré	2 800 commandes
Grubhub	Intégration limitée	1 200 commandes

Distribution du réseau de franchise

La stratégie de distribution de franchise se concentre sur l'expansion géographique stratégique.

• Accords totaux de franchise: 9
• Territoires de franchise: 4 États
• Revenus d'emplacement moyen de la franchise: 385 000 $ par an

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: segments de clientèle

Millennials et consommateurs de la génération Z

Selon les données démographiques de 2023, les milléniaux (27 à 42 ans) et la génération Z (11 à 26 ans) représentent 42,3% du marché de la restauration cible de Rave Restaurant Group. Les dépenses moyennes par visite pour ces segments sont de 14,75 $.

Groupe d'âge	Pourcentage du marché cible	Dépenses moyennes
Milléniaux	26.7%	$15.20
Gen Z	15.6%	$14.30

Antores à restauration rapides

Le segment rapide casual représente 35,4% de la clientèle de Rave Restaurant Group, avec une valeur marchande annuelle de 209,8 milliards de dollars en 2023.

• Valeur de transaction moyenne: 16,50 $
• Fréquence des repas: 3,2 fois par mois
• Préférence de commande numérique: 67,3%

Pizza Lovers à la recherche de personnalisation

Les consommateurs de pizzas axés sur la personnalisation représentent 22,6% des segments de clientèle de Rave, avec une taille du marché estimée à 48,3 milliards de dollars en 2024.

Préférence de personnalisation	Pourcentage de clients
Variété de garniture	58.7%
Options de croûte	41.3%

Marché de la restauration familiale

Le segment de la restauration familiale représente 18,9% de la clientèle de Rave Restaurant Group, avec des dépenses familiales moyennes de 42,60 $ par visite.

• Taille moyenne de la famille: 3,7 membres
• Fréquence de restauration: 2,4 fois par mois
• Préférence de restauration le week-end: 73,5%

RESTAURANTS DE REFORTS

Les clients budgétaires représentent 25,6% du marché de Rave, avec une dépense moyenne de 12,40 $ par repas.

Catégorie de budget	Pourcentage de clients	Plage de dépenses moyennes
À petit budget	12.3%	$8-$12
À mi-budget	13.3%	$12-$18

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: Structure des coûts

Frais de développement de franchise

En 2024, les dépenses de développement de la franchise du Rave Restaurant Group comprennent:

Catégorie de dépenses	Coût annuel
Recrutement de franchise	$375,000
Juridique et conformité	$225,000
Programmes de formation	$185,000

Alimentation et approvisionnement en ingrédient

Répartition des coûts pour l'alimentation et l'approvisionnement en ingrédients:

• Budget total de l'approvisionnement alimentaire annuel: 4 750 000 $
• Source des protéines: 1 875 000 $
• Acquisition de produits: 1 125 000 $
• Matériel d'emballage: 475 000 $

Maintenance des infrastructures technologiques

Composant technologique	Coût de maintenance annuel
Systèmes de point de vente	$285,000
Plateformes de commande numérique	$215,000
Réseau et sécurité	$175,000

Investissements marketing et publicitaire

Attribution des dépenses de marketing:

• Budget marketing total: 1 250 000 $
• Marketing numérique: 625 000 $
• Publicité médiatique traditionnelle: 375 000 $
• Campagnes sur les réseaux sociaux: 250 000 $

Offres opérationnelles pour le soutien des entreprises

Zone de soutien aux entreprises	Coût annuel
Salaires administratifs	$2,100,000
Installations de bureau	$475,000
Assurance corporative	$285,000
Services professionnels	$350,000

Rave Restaurant Group, Inc. (Rave) - Modèle d'entreprise: Strots de revenus

Frais de redevance de franchise

Depuis 2023 Exercice, Rave Restaurant Group a déclaré des frais de redevance de franchise de 1,2 million de dollars.

Ventes de restaurants

Catégorie de revenus	Montant (2023)
Ventes de restaurants appartenant à l'entreprise	3,7 millions de dollars
Ventes de restaurants de franchise	12,5 millions de dollars

Commissions de commande numérique

La plate-forme de commande numérique générée approximativement $450,000 dans les revenus de la commission en 2023.

Licence et extension de marque

• Revenus de marchandises de marque: 215 000 $
• Accords de licence: 175 000 $

Frais de développement de franchise

Les nouveaux frais de développement de franchise en 2023 ont totalisé $325,000, avec des frais moyens de 65 000 $ par nouvel emplacement de franchise.

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.