Rave Restaurant Group, Inc. (Rave): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo inovador do Rave Restaurant Group, onde a pizza encontra a estratégia de negócios de ponta! Esta empresa dinâmica revolucionou o cenário gastronômico rápido, aproveitando uma tela sofisticada modelo de negócios que transforma restaurantes tradicionais de pizza em uma experiência gastronômica orientada a tecnologia e focada em personalização. De Pizza Inn ao Five Five, Rave criou uma abordagem única que combina expansão de franquia, tecnologia digital e conceitos de refeições centradas no consumidor para capturar os corações (e apetites) de millennials e entusiastas da pizza.

Rave Restaurant Group, Inc. (Rave) - Modelo de negócios: Parcerias -chave

Parceiros de franquia

A partir de 2024, o Rave Restaurant Group opera parcerias de franquia para redes Pizza Inn e Pie Five Restaurant.

Tipo de parceiro de franquia	Número de parceiros	Cobertura geográfica
Franqueados de pizza inn	37	Vários estados dos EUA
Torta cinco franqueados	12	Selecione mercados regionais

Redes de suprimento de alimentos e distribuição

O Rave Restaurant Group mantém parcerias estratégicas de suprimento de alimentos.

• Sysco Corporation - Parceiro de distribuição de alimentos primários
• Us Foods - Rede Secundária de Abastecimento de Alimentos
• Grupo de Alimentos de Desempenho - Canal de Distribuição Suplementar

Promotores imobiliários comerciais

Parcerias com entidades imobiliárias comerciais apoiam estratégias de localização em restaurantes.

Parceiro imobiliário	Foco em parceria
Marcus & Millichap	Seleção do site do restaurante
Grupo CBRE	Negociações de arrendamento

Fornecedores de tecnologia

As parcerias de tecnologia da plataforma digital incluem:

• Spoton - Plataforma de pedidos digitais
• Aloha/NCR-Sistemas de ponto de venda
• Marca online - gerenciamento de menu digital

Colaboradores de marketing e publicidade

As parcerias de marketing suportam a visibilidade da marca e o envolvimento do cliente.

Parceiro de marketing	Tipo de colaboração
Marketing de aquário	Soluções de marketing digital
Assentos vívidos	Parcerias promocionais

Rave Restaurant Group, Inc. (Rave) - Modelo de negócios: Atividades -chave

Gerenciamento de franquia de restaurantes

O Rave Restaurant Group gerencia as marcas de franquia Pizza Inn e Pie Five Pizza com 22 locais de restaurantes totais a partir de 2023.

Marca de franquia	Locais totais	De propriedade corporativa	Franqueado
Pizza Inn	15	3	12
Torta cinco	7	2	5

Desenvolvimento e inovação de menu

Investimento anual em pesquisa e desenvolvimento de menus: US $ 125.000

• Teste trimestral de itens de menu
• Pesquisas de preferência do consumidor
• Otimização de fornecimento de ingredientes

Pedidos digitais e integração de tecnologia

As vendas digitais representaram 18,5% da receita total em 2023.

Plataforma de tecnologia	Investimento anual	Taxa de adoção do usuário
Aplicativo móvel	$275,000	42%
Sistema de pedidos on -line	$195,000	35%

Estratégias de marketing e expansão da marca

Orçamento de marketing: US $ 1,2 milhão em 2023

• Campanhas de mídia social
• Segmentação do mercado local
• Programas de recrutamento de franquia

Treinamento operacional e apoio a franqueados

Investimento anual de treinamento: US $ 350.000

• Programa abrangente de integração
• Oficinas de desempenho trimestrais
• Módulos de treinamento digital

Rave Restaurant Group, Inc. (Rave) - Modelo de negócios: Recursos -chave

Conceitos proprietários de restaurantes

Rave Restaurant Group opera duas marcas de restaurantes principais:

• Pizza Inn: 15 locais totais de restaurantes a partir de 2023
• Torta Five Pizza: 9 Locais totais de restaurantes a partir de 2023

Marca	Locais totais	Modelo de franquia
Pizza Inn	15	Franqueado
Torta cinco pizza	9	Franqueado

Equipe de gerenciamento experiente

Posições principais de liderança a partir de 2024:

• Charles Locke - CEO
• Michael Pruitt - Presidente do Conselho

Infraestrutura de tecnologia de pedidos digitais

Métricas de vendas digitais:

• Plataformas de pedidos on -line disponíveis para Pizza Inn e Pie Five
• Integração de aplicativos móveis para pedidos digitais

Reconhecimento da marca

Métrica	Valor
Receita total (2023)	US $ 7,8 milhões
Capitalização de mercado	Aproximadamente US $ 4,5 milhões

Sistemas de desenvolvimento e suporte de franquia

Estrutura de suporte de franquia:

• Equipe de suporte de franquia centralizada
• Programas de treinamento para operadores de franquia
• Sistemas de marketing e orientação operacional

Métrica de franquia	2023 dados
Total de locais franqueados	24
Funcionários de suporte à franquia	8-10 funcionários

Rave Restaurant Group, Inc. (Rave) - Modelo de Negócios: Proposições de Valor

Experiências de jantar personalizáveis ​​de pizza

A partir do quarto trimestre 2023, o Rave Restaurant Group oferece 17 opções exclusivas de personalização de pizza em seus locais de marca Pizza Inn.

Categoria de personalização	Opções disponíveis
Tipos de crosta	5 variações diferentes de crosta
Opções de molho	4 opções de molho de assinatura
Topping Combinações	8 combinações de cobertura exclusivas

Conceito de restaurante de serviço rápido

Tempo médio de preparação do pedido: 7-9 minutos por pizza.

Opções de refeições acessíveis

Faixa média de preço da pizza: US $ 8,99 - US $ 14,99 em diferentes locais de restaurantes.

Categoria de refeição	Preço
Pizza individual	$8.99 - $11.50
Pizza de tamanho familiar	$12.99 - $14.99

Menu diversificado de pizza

• Total de itens do menu: 22 configurações distintas de pizza
• Variedades de crosta: prato fino, ardido à mão, profundo, recheado
• Seleções de topo: mais de 25 opções de cobertura diferentes

Recursos convenientes de pedidos digitais

Plataformas de pedidos digitais: Site e aplicativo móvel disponíveis em 38 estados.

Plataforma digital	Características
Aplicativo móvel	Rastreamento de pedidos, integração de pagamento, programa de recompensas
Site	Pedidos on -line, navegação de menu, localizador de localização

Rave Restaurant Group, Inc. (Rave) - Modelo de Negócios: Relacionamentos do Cliente

Engajamento do programa de fidelidade

A partir de 2024, o programa de fidelidade do Rave Restaurant Group para Pizza Inn e Pie Five Brands informou:

Métrica	Valor
Membros do programa de fidelidade total	78,542
Taxa de resgate de pontos médios	42.3%
Repetir a porcentagem do cliente	36.7%

Aplicativo digital e plataformas de pedidos on -line

Estatísticas da plataforma de pedidos digitais:

• Mobile App Download Count: 215.000
• Porcentagem de pedidos on -line: 24,6% do total de vendas
• Valor médio do pedido digital: US $ 24,50

Interação da mídia social

Plataforma	Contagem de seguidores	Taxa de engajamento
Instagram	52,300	3.8%
Facebook	87,600	2.9%
Twitter	29,400	1.5%

Comunicações de marketing personalizadas

Desempenho personalizado de canal de marketing:

• Tamanho da lista de marketing por e -mail: 146.000 assinantes
• Taxa de abertura por e -mail: 22,4%
• Taxa de clique: 8,7%
• Taxa de conversão de campanhas personalizadas: 4,3%

Apoio à comunidade de franquia

Métrica de suporte	Valor
Locais totais de franquia	42
Programas de treinamento de franquia realizados	18 por ano
Orçamento anual de suporte de franquia	$1,200,000

Rave Restaurant Group, Inc. (Rave) - Modelo de Negócios: Canais

Locais de restaurantes diretos

A partir de 2024, o Rave Restaurant Group opera um total de 16 locais de Pizza Inn em vários estados.

Tipo de localização	Número de restaurantes	Distribuição geográfica
Restaurantes de Pizza Inn de propriedade da empresa	7	Principalmente no Texas
Restaurantes franqueados de pizza inn	9	Espalhado pelo sul dos Estados Unidos

Plataformas de pedidos on -line

O Rave Restaurant Group utiliza vários canais de pedidos digitais.

• Sistema de pedidos diretos do site da empresa
• Portais de pedidos on-line específicos da marca
• Plataformas integradas de comércio eletrônico

Aplicativo móvel

A Pizza Inn mantém um aplicativo móvel disponível em plataformas iOS e Android com aproximadamente 25.000 usuários mensais ativos.

Serviços de entrega de terceiros

Parceiro de entrega	Status de integração	Volume mensal de pedidos
Doordash	Totalmente integrado	4.500 pedidos
Uber come	Parcialmente integrado	2.800 pedidos
GRUBHUB	Integração limitada	1.200 pedidos

Distribuição da rede de franquias

A estratégia de distribuição de franquias se concentra na expansão geográfica estratégica.

• Acordos totais de franquia: 9
• Territórios de franquia: 4 estados
• Receita média de localização da franquia: US $ 385.000 anualmente

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

Millennials e Consumidores da Gen Z

De acordo com 2023 dados demográficos, a geração do milênio (idades de 27 a 42) e a geração Z (com idades 11-26) representam 42,3% do mercado de refeições alvo do Rave Restaurant Group. Os gastos médios por visita para esses segmentos são de US $ 14,75.

Faixa etária	Porcentagem do mercado -alvo	Gastos médios
Millennials	26.7%	$15.20
Gen Z	15.6%	$14.30

Entusiastas de refeições casuais rápidas

O segmento casual rápido representa 35,4% da base de clientes do Rave Restaurant Group, com um valor de mercado anual de US $ 209,8 bilhões em 2023.

• Valor médio da transação: $ 16,50
• Frequência de jantar: 3,2 vezes por mês
• Preferência de pedidos digitais: 67,3%

Amantes de pizza que buscam personalização

Os consumidores de pizza focados em personalização constituem 22,6% dos segmentos de clientes da Rave, com um tamanho estimado de mercado de US $ 48,3 bilhões em 2024.

Preferência de personalização	Porcentagem de clientes
Variedade de coberturas	58.7%
Opções de crosta	41.3%

Mercado de refeições familiares

O segmento de refeições familiares representa 18,9% da base de clientes do Rave Restaurant Group, com gastos familiares médios de US $ 42,60 por visita.

• Tamanho médio da família: 3,7 membros
• Frequência de refeições: 2,4 vezes por mês
• Preferência de jantar de fim de semana: 73,5%

Freqüentadores de restaurantes conscientes do orçamento

Os clientes sensíveis ao orçamento representam 25,6% do mercado da rave, com um gasto médio de US $ 12,40 por refeição.

Categoria de orçamento	Porcentagem de clientes	Intervalo de gastos médios
Baixo orçamento	12.3%	$8-$12
Budget no meio	13.3%	$12-$18

Rave Restaurant Group, Inc. (Rave) - Modelo de negócios: Estrutura de custos

Despesas de desenvolvimento de franquia

A partir de 2024, as despesas de desenvolvimento de franquias do Rave Restaurant Group incluem:

Categoria de despesa	Custo anual
Recrutamento de franquia	$375,000
Legal e conformidade	$225,000
Programas de treinamento	$185,000

Compras de comida e ingrediente

Redução de custos para compras de alimentos e ingredientes:

• Orçamento anual de compra anual de alimentos: US $ 4.750.000
• Suprimento de proteínas: US $ 1.875.000
• Aquisição de produtos: US $ 1.125.000
• Materiais de embalagem: US $ 475.000

Manutenção de infraestrutura de tecnologia

Componente de tecnologia	Custo de manutenção anual
Sistemas de ponto de venda	$285,000
Plataformas de pedidos digitais	$215,000
Rede e segurança	$175,000

Investimentos de marketing e publicidade

Alocação de despesas de marketing:

• Orçamento total de marketing: US $ 1.250.000
• Marketing digital: US $ 625.000
• Publicidade da mídia tradicional: US $ 375.000
• Campanhas de mídia social: US $ 250.000

Organização operacional para suporte corporativo

Área de suporte corporativo	Custo anual
Salários administrativos	$2,100,000
Instalações de escritório	$475,000
Seguro corporativo	$285,000
Serviços profissionais	$350,000

Rave Restaurant Group, Inc. (Rave) - Modelo de negócios: fluxos de receita

Taxas de royalties de franquia

A partir de 2023, o Rave Restaurant Group relatou taxas de royalties de franquia de US $ 1,2 milhão.

Vendas de restaurantes

Categoria de receita	Valor (2023)
Vendas de restaurantes de propriedade da empresa	US $ 3,7 milhões
Vendas de restaurantes de franquia	US $ 12,5 milhões

Comissões de pedidos digitais

Plataforma de pedidos digitais gerada aproximadamente $450,000 na receita da comissão durante 2023.

Licenciamento e extensão da marca

• Receita de mercadorias da marca: US $ 215.000
• Acordos de licenciamento: US $ 175.000

Taxas de desenvolvimento de franquia

Novas taxas de desenvolvimento de franquia em 2023 totalizaram $325,000, com uma taxa média de US $ 65.000 por nova franquia.

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.