What is the address of The ONE Group Hospitality, Inc., the registrant for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
For value received, The ONE Group Hospitality, Inc., a Delaware corporation ("Guarantor"), located at 1624 Market Street, Suite 311, Denver, Colorado 80202, absolutely and unconditionally guarantees to assume the duties and obligations of BENIHANA NATIONAL CORP., a wholly-owned subsidiary of Guarantor, located at 1624 Market Street, Suite 311, Denver, Colorado 80202 ("Franchisor"), under Franchisor's franchise registration in each state where the franchise is registered, and under the Franchise Agreement identified in Franchisor's 2024 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This Guarantee of Performance continues until all such obligations of the Franchisor under it franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. Guarantor is not discharged from liability if a claim by a franchisee against Franchisor remains outstanding. Notice of acceptance is waived. Guarantor does not waive receipt of notice of default on the part of Franchisor. This Guarantee of Performance is binding on Guarantor and its successor and assigns.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, The ONE Group Hospitality, Inc., which serves as the guarantor for Benihana National Corp., is located at 1624 Market Street, Suite 311, Denver, Colorado 80202. This information is part of the Guarantee of Performance exhibited in the FDD. The ONE Group Hospitality, Inc. is a Delaware corporation.
As the guarantor, The ONE Group Hospitality, Inc. assumes the duties and obligations of Benihana National Corp. under the franchise registration and the Franchise Agreement. This guarantee remains in effect until all obligations of Benihana National Corp. are satisfied or the liability to its franchisees is completely discharged. This arrangement provides franchisees with an additional layer of security, ensuring that the franchisor's obligations will be met, even if Benihana National Corp. faces financial difficulties.
This guarantee is binding on The ONE Group Hospitality, Inc. and its successors and assigns, offering long-term assurance to Benihana franchisees. Prospective franchisees should note that the guarantor does not waive receipt of notice of default on the part of the franchisor, which could have implications for how defaults are handled and communicated.