Rave Restaurant Group, Inc. engages in the management and franchising of restaurants. It operates through the following segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The Pizza Inn Franchising and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The Company-Owned Restaurant segment includes sales, operating results, and assets including equipment, furniture, and fixtures for company owned restaurants. The company was founded in 1958 and is headquartered in The Colony, TX.