What was the amount of operating cash flows from operating leases for Benihana as of December 31, 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, 2022 | December 31, 2021 | |
|---|---|---|
| Cash paid for amounts included in the measurement of lease liabilities: | ||
| Operating cash flows from operating leases | $ 13,297 | $ 12,644 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the operating cash flows from operating leases as of December 31, 2022, was $13,297. In comparison, the operating cash flows from operating leases as of December 31, 2021, was $12,644.
This information is relevant for prospective Benihana franchisees as it provides insight into the company's cash flow management related to its operating leases. Operating leases are typically for property and equipment necessary for running the business. Understanding these cash flows can help a franchisee assess the financial stability and operational efficiency of Benihana.
Reviewing these figures over multiple years, as presented in the FDD, allows potential franchisees to identify trends and better understand the financial obligations associated with leasing. This data, combined with other financial disclosures in the FDD, can contribute to a comprehensive financial due diligence process before investing in a Benihana franchise.