Pie Five franchise: cost, fees & unit track record
Opening a Pie Five franchise takes $392,500 – $891,000 all-in, per its franchise disclosure filings (data as of 2026-05). The initial franchise fee is $53,000 – $67,000. Ongoing, franchisees pay a royalty of 6% on sales plus an ad-fund contribution of up to 2%. To qualify, Pie Five asks for $150,000 in liquid cash and a $400,000 net worth. Anything the filings do not state is marked "Not disclosed" below — never estimated.
Pie Five franchise costs and fees
| Verification mark | Cost item | Low | High | Range |
|---|---|---|---|---|
| Initial franchise feeOne-time, paid to the franchisor at signing | $53,000 | $67,000 | $53,000 to $67,000 | |
| Initial investment (all-in)FDD Item 7-derived range: build-out, equipment, opening costs | $392,500 | $891,000 | $392,500 to $891,000 | |
| Net worth requiredFranchisor's stated qualification minimum | $400,000 | $400,000 | $400,000 | |
| Liquid cash requiredFranchisor's stated qualification minimum | $150,000 | $150,000 | $150,000 | |
| Cash to open (all-in range) | $392,500 | $891,000 | $392,500 to $891,000 |
| RoyaltyOngoing, % of sales | 6% |
|---|---|
| Ad fundOngoing, % of sales | Up to 2% |
| Initial termLength of the first franchise agreement | 10 years |
See the full Pie Five cost breakdown — what's in that number and what isn't
How Pie Five's cost compares
A dollar figure means more with a yardstick. Here is where Pie Five's disclosed cost sits against the Food & Beverage category:
- Minimum startup cost of $392,500 — about 1.4× the Food & Beverage median of $282,500.
- Initial franchise fee of $53,000 — about 1.5× the Food & Beverage median of $35,000.
Category medians are computed from the Food & Beverage brands in our data that disclosed each figure — a benchmark for scale, not a quality judgment. See all Food & Beverage franchises
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How Pie Five's units have held up
Openings and closures from FDD Item 20-style unit history, 2013–2016: began the window at 0 units; 61 units opened, 5 closed, ending at 57 units.
What about earnings?
We don't publish per-brand earnings figures — for Pie Five or anyone else. The only primary source is Item 19 of the brand's own franchise disclosure document (FDD), and no law requires a franchisor to publish one, so the "average owner income" numbers circulating elsewhere are usually unsourced or survivorship-biased. Ask Pie Five for its current FDD and read Item 19 yourself — and if there is no Item 19, that silence is information too.
What this data can't tell you
Everything on this page comes from disclosure filings — fees, ranges, and unit counts. Four questions that matter just as much are not in any filing we can source, so we say so instead of guessing:
- The hours and the labor
- No dataset field says whether Pie Five is a manage-from-a-laptop business or a 60-hour week in disguise. Item 15 of the FDD states whether you're obligated to run the business personally, and Item 11 lists what the franchisor actually does for you — then ask current owners what their week looks like (validation calls), not the sales team.
- How hands-on the ownership really is
- "Semi-absentee" is a pitch, not a filing field. Treat any hands-off claim as unverified until it's consistent with Item 15 and with what multiple current franchisees tell you — what absentee ownership actually means.
- Your territory — whether it's protected, and whether it's open
- Two territory questions sit outside our data. Whether Pie Five grants a protected or exclusive area is set in Item 12 of the FDD and varies brand to brand — some grant none, and the carve-outs (online sales, national accounts) matter as much as the map. And filing data can't say what's open in your market this month; only Pie Five can confirm current availability. Ask both before you inquire, and get the answer in writing.
- What owners earn
- Covered honestly above: our dataset has no earnings fields, the only primary source is the brand's own Item 19, and here is how to read that evidence.
About the Pie Five franchise
Pie Five is a food & beverage franchisor with 57 units at the end of 2016 (FDD Item 20-style unit history). Between 2013 and 2016, it began the window at 0 units; its filings record 61 unit openings and 5 closures, ending at 57 units. Its parent company is Rave Restaurant Group.
No franchise-related lawsuits reported in the disclosure data we hold (FDD Item 3, as of 2026-05) — an absence in our sources, not a guarantee; confirm against the brand's current FDD.
From the franchisor's materials
The franchisee will operate a fast casual restaurant under the name “Pie Five” featuring specialty pizzas.
Pie Five franchise: quick answers
- How much does a Pie Five franchise cost?
- $392,500 – $891,000 all-in to open, per Pie Five's franchise disclosure filings (data as of 2026-05).
- How many Pie Five units are there?
- 57 units at the end of 2016 (FDD Item 20-style unit history).
- How have Pie Five's units held up?
- 91.8% of units at risk between 2014 and 2016 did not close, per our metric recomputed from FDD Item 20-style unit history (methodology published on our verification page).