Fast casual pizza restaurants are popping up all over. The fast casual trend has seen restaurants like Chipotle Mexican Grill become great stock investments with a growth rate of 55 percent since last September. Other fast food staples like McDonald’s have not faired so well. They have seen a drop for their third straight quarter.
Consumers are still looking for fast food, but they want a better quality, healthier fare. Existing fast-casual restaurants like Chipotle, Buffalo Wild Wings and Smashburger buying into the fast-casual pizza idea. This is all with good reason, since the fast food pizza market earns about $32 billion per year. The fast casual dining industry itself has grown to about $21 billion annually.
It is estimated that in the next 5 years there may be as many as 2000 fast casual pizza restaurants opened by those who are becoming the major players in the arena. There are a number of players coming into this market, including Live Basil Pizza, PizzaRev, Pie Five Pizza, Project Pie, Uncle Maddio’s Pizza Joint, Your Pie, Pieology, MOD Pizza, Blaze Fast Fire’d Pizza, The Pizza Studio, Pizzeria Locale. Most are available for purchase as franchises.