What was the amount of operating cash flows from operating leases for Benihana as of December 31, 2023?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, | December 31, | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Operating cash flows from operating leases | $ 14,968 | $ | 13,297 |
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, 2023, was $14,968. This figure represents the cash paid for amounts included in the measurement of lease liabilities related to operating leases.
For a prospective Benihana franchisee, understanding these cash flow figures is crucial for assessing the financial obligations associated with leasing restaurant locations. Operating leases are a common arrangement in the restaurant industry, and these cash flows represent a significant ongoing expense.
The FDD also provides comparative data for previous years, with the operating cash flows from operating leases being $13,297 as of December 31, 2022. This allows potential franchisees to see the trend in lease-related cash flows over time. Reviewing these figures helps in forecasting future expenses and evaluating the overall financial health and lease management strategies of Benihana.