What date is the report expressing an unqualified opinion on the consolidated financial statements for The ONE Group Hospitality, Inc., which includes Benihana, dated?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2023, of the Company and our report dated March 12, 2024, expressed an unqualified opinion on those financial statements.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the report expressing an unqualified opinion on the consolidated financial statements for The ONE Group Hospitality, Inc. is dated March 12, 2024. This report pertains to the financial year ended December 31, 2023.
This unqualified opinion indicates that an independent audit found the financial statements of The ONE Group Hospitality, Inc. to be presented fairly and in accordance with generally accepted accounting principles. This is a positive indicator for prospective franchisees, as it suggests that the parent company's financials are transparent and reliable.
Franchisees should note that while this report provides assurance regarding the accuracy of the company's financial statements, it does not guarantee future financial performance. It is essential for potential Benihana franchisees to review the entire FDD and conduct their own due diligence to assess the financial health and stability of the company.