Both STL Area Pie Five Pizza Cos. Now Closed0
Richmond Heights Pie Five Pizza Closed Last Week
Richmond Heights, MO/April 13, 2017 (STLRestaurant.News) – St. Louis is a tough pizza town. Diners here are demanding of both quality food and quality service. That’s because we love pizza. Denizens of the Gateway City love it so much that we invented our own kind—St. Louis style. But St. Louis diners love pizza in all it’s forms, from our own thin crust, to hand tossed, foldable New York style, stuffed crust, and even Chicago deep dish. There are hundreds of pizza places to choose from. Still, we’re a hungry bunch, always looking for something new. So when the first Pie Five Pizza opened in May 2015 in Chesterfield (17215 Chesterfield Airport Road), there was much fanfare.
The sleek, fast-casual restaurant offering design-your-own pizza baked in 5 minutes had been well received. TF Pie Group, led by Jamey and Jill Tasker, is a group of about eight local investor behind the pizzeria. TF Pie Group had signed a franchise agreement that called for 15 locations of Pie Five Pizza Cos. in the St. Louis area. And a second location opened at the Menards development in Richmond Heights (1778 Hanley Road) the following June (2016). But the franchises didn’t last long.
The Pie Five Pizza Co. in Richmond Heights has closed. A hand-lettered sign on the door was the only announcement made. It reads simply, “We are closed.” 40 South News quotes an employee at the nearby Penn Station sub shop as saying the pizzeria closed last week. The Chesterfield store had already quietly closed up. Both locations are listed as closed by both Google Maps and by members on Yelp.
It’s unclear if the local closings are related to the Texas-based chain’s troubles with investors in Chicago, Minnesota, and Indiana. According to Nation’s Restaurant News Pie Five’s parent company, Rave Restaurant Group, is being sued by a franchisee alleging the company provided misleading information about its profitability and sales, and nine restaurants in Chicago and Minnesota have also closed as same-store sales for the Pie Five chain fell 17.4 percent in the last quarter of 2016 (which ended Dec. 25).
A new CEO at Rave, former Smashburger CEO Scott Crane was brought onboard in January to try to turn things around for the struggling pizza chain. Amid the turmoil, Rave is poised to open their 100th Pie Five Pizza Co. location next month, and they continue to expand across the country. There are Pie Five locations in 21 states from Delaware to Texas, including four in Missouri (Kansas City, Independence, Branson, and St. Joseph, with a Springfield store in the works). The franchise has plans to expand to four additional states (New Jersey, Louisiana, New Mexico, and Arizona) in the coming year.