This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pie Five Pizza Co. To Open First Franchise In North Carolina

One fateful lunch in Texas, and veteran restaurateur Michael Understein was ready to take Pie Five home.

THE COLONY, Texas, June 12, 2013 (GLOBE NEWSWIRE) -- Nation's Restaurant News has crowned it with the 2012 Hot Concepts of the Year award. Forbes has called it one of 10 hot new chains from established brands and most recently it was named a 2013 Top 50 Restaurant Brand of the Year. But it was one fateful lunch during a business trip to Texas that hooked Michael Understein on Pie Five Pizza Co.

As the first franchise owner to introduce the celebrated fast-casual Pie Five Pizza Co. concept to North Carolina, Understein's sole focus is to bring Pie Five's great-tasting pizzas topped with the freshest ingredients, baked and ready to eat in five minutes to residents in the Charlotte-North Carolina area.

While traveling in Dallas, he was introduced to the brand as he searched for a good lunch stop and walked into a Pie Five restaurant. One meal, and he was ready to open restaurants.

"I ordered my pizza, and it was really good," Understein said. "But I just stayed and watched the crowd. I watched how customers were coming through the door, customizing their orders and getting their pizzas by the time they reached the checkout. It was fresh, it was delicious, and it was individualized for every guest."

Understein wasn't your ordinary casual observer. He brought the Panera Bread concept to North Carolina and grew it to 14 locations as a joint venture partner helping to fuel the brand's quick expansion across the state. Prior to that he held positions as Vice President of Operations for Hard Rock Café and Vice President of Operations for Applebee's International.

The minute he got home, Understein called his business partner Josh Keaton and they have been on a fast track with Pie Five ever since. Understein was awarded one of the first franchise agreements for the chain in a multi-unit deal to open up to 10 locations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.26 -1.10%
FB $99.80 -1.20%
GOOG $674.87 -1.40%
TSLA $155.17 8.00%
YHOO $26.62 -1.80%


Chart of I:DJI
DOW 15,612.31 -302.43 -1.90%
S&P 500 1,823.33 -28.53 -1.54%
NASDAQ 4,234.8550 -48.7370 -1.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs