As of Mar 26, 2017, the company operated 1 Pizza Inn and 20 Pie Five restaurants, and franchisees operated 66 Pie Five and 218 Pizza Inn restaurants (158 domestic).
In fiscal 2016, the company closed 26 net Pizza Inn restaurants and opened 24 net Pie Five restaurants, systemwide. During the first nine months of fiscal 2017, the company closed 5 net Pizza Inn restaurants and closed 2 net Pie Five restaurants, systemwide.
At year-end, all 32 company-operated restaurants were leased, covering premises from 1,765 to 4,634 square feet, with initial terms of from five to ten years, and contain provisions permitting renewal for one or more specified terms at specified base rental rates of $18.00 to $42.00 per square foot.
Pizza Inn restaurants are operated in 3 prototypes: Buffet Units offer dine-in, carryout and catering service, are generally located in free standing buildings or strip center locations in retail developments in close proximity to offices, shopping centers and residential areas, are between 2,100 and 4,500 square feet in size and seat 120 to 185 customers; Delco Units offer delivery and carryout service only and are typically located in shopping centers or other in-line retail developments, occupy approximately 1,200 square feet and generally do not offer seating; Express Units are typically located in a convenience store, food court, college campus, airport terminal, travel plaza, athletic facility or other commercial facility, have limited or no seating, and typically occupy approximately 200 to 400 square feet. Pie Five restaurants typically occupy leased, in-line or end-cap space of between 1,800 and 2,400 square feet in retail strip or multi-unit retail space, typically located in high traffic, high visibility urban or suburban sites in mid to large size metropolitan areas, with seating for 65 to 85 customers in most units, and patio seating when available.
|Company-operated restaurant growth||-40.0%||23.1%||73.3%||7.1%||40.0%||66.7%|
|Franchised restaurant growth||5.2%||0.7%||7.8%||-1.5%||-9.0%||-1.4%|
|Systemwide restaurant growth||0.0%||2.6%||11.4%||-1.1%||-7.4%||0.0%|
|Avg restaurant gross sq ft||2,000||2,000||2,000||2,000||2,100||2,100|
|Avg restaurant gross sq ft growth||0.5%||1.9%||-0.3%||-3.8%||-1.8%||-1.9%|