As of December 31, 2021 and 2020, where did Benihana hold its cash and cash equivalents?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
inancial statements. We believe that our audit provides a reasonable basis for our opinion.
/s/ Plante & Moran PLLC
We served as the Company's auditor from 2018 to 2021.
Boulder, Colorado
March 19, 2021
F-4
**THE ONE GROUP HOSPITA
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company's cash and cash equivalents are reported as part of its assets. The FDD does not specify exactly where Benihana held its cash and cash equivalents. However, it does provide the total value of these assets as of December 31, 2021, and December 31, 2020.
As of December 31, 2021, Benihana had cash and cash equivalents totaling $23,614. As of December 31, 2020, Benihana had cash and cash equivalents totaling $24,385.
A prospective franchisee should inquire with Benihana about the specific banks, financial institutions, or types of accounts where these cash and cash equivalents are held to gain a better understanding of the company's financial management practices.