maybe you should go over and invest in Chipotle. I understand they have both of their pizza locations performing so well, that they are talking about closing the one in Boulder after the winter ski season.
costing them and all the share holders $$$$$...............Get your head out of your a_ _ P5 and Gier and do something about this.................Hey...an idea......In Feb maybe, after most of the near term openings have occurred.........Take out a full-page ad in USA Today.........Make it a deal for a full-page on 4 days so as to get a better deal......So Feb...April....May....June.........
The pizza is ready for pu by time its payed for and at most by time you get your drink.............to eat it maybe 15-20 mins at most.........The whole concept of the P5 way is to get them in and out fast...like subway etc.....certainly anyone can hang around all day if they like but for the most part all these "made on demand" pizza places are betting and wanting to see the fast in and fast out ..So with that said...in regards to the small sized store you will have 2-3X turnover of seating per hour...Even with only 40-45 seats even a P5 would be challenged to make that many pizza's per hour.
I disagree....I think the site will be great. My concern is if it is only 1699 sq feet, is it large enough to handle sit down dining, during a lunch crowd. Will there be enough seating to handle 50-75 diners per hour during peak time.
I think they are locating near a Chipotle, a Five Guys, or a Starbucks, because those companies picking prime locations, and everyone knows it. Near a Starbucks is great, because Pie Five has a large mid-day business, and that is when Starbucks is slowest, so traffic is not a makor issue. By opening near a Chipotle, you get a great location (Chipotle does their homework for demographics), and Chipotle's competing pizza chain will not be able to be in that center.
The Laurel site is not a good site..............You need lots of pedestrian traffic along with vehicle traffic.....It is right next to a Starbucks but so was the 1st in SLC as are many........Just wondering.....since so many P5's are next to or very nearby to either a Starbucks and/or a Chipotle would it make sense for one of them to perhaps buy into P5?
check out the new location opening in January, in Laurel MD. Shopping center site plan shows the Pie Five space is 1699 sq ft. That is very close to where Subway is building. It is an inline space, so outdoor seating is minimum, or none at all. I personally think this space is too small, but I will withhold judgment to see how it is built out and what the numbers show.
I just looked at the site plan for the shopping center, and Pie Five is in unit 81. That space is 1699 sq ft., so it looks like the company is working towards a space the size of Subway. It fronts on Washington Blvd, and is to the right of Starbucks. Located right in front of LA Fitness. Looks good.
I'd be curious if a space under 1700 sq feet is becoming the norm. It was possible to get more space. The adjoining 4000+ sq foot space is available, and I'm sure it could have been added to the Pie Five space if needed
Its only the facebook that's done. The actual building is open next month. Like them on facebook, and spread the word though!
Sentiment: Strong Buy
I agree and still believe there a a strong possibility that there will be a RAVE merger if the profits and growth are consistent.
You're correct its Next month. I confirmed on the grand opening at the VA location.
Sentiment: Strong Buy
We on this board sit in the very early stages of what looks like a chain that is gaining traction. We can see a powerful roll out of stores now. We have two quarters of very strong ss comps. This of course is very important. Now we just need to see the shares explode. Something that will occur if this concept truly starts to cash flow. I believe one of their competitors will do an IPO. This could be huge for PZZI when the market cap comparison is put out there. We shall see.
Sentiment: Strong Buy
My local Subway has seating for 26. (5 booths, and 2 hightops).......Obviously, a Pie Five, with more "Dine-in" patrons would need more seats, and thus more square footage. Subs are taken out more than personalized pizzas.
When Pzzi/Rave puts a Pie 5 in a Subway.......sized location or just slightly larger that when P5 will really take off....Will need to have the Turbo guys make a smaller machine for that......no problem..