For Benihana, what is the estimated deferred license revenue to be recognized in 2023 related to performance obligations that are unsatisfied as of December 31, 2021?

According to Benihana's 2024 Franchise Disclosure Document, as of December 31, 2021, there was deferred license revenue related to performance obligations that were unsatisfied. The document provides an estimate of when this revenue would be recognized in the future. Specifically, the table included in Item 22 provides a breakdown of revenue recognized from deferred license revenue for the years ending December 31, 2023 and December 31, 2022.

For the year ending December 31, 2023, Benihana recognized $79 thousand in revenue from deferred license revenue. For comparative purposes, the revenue recognized from deferred license revenue for the year ending December 31, 2022 was also $79 thousand. This indicates a consistent recognition of deferred license revenue between the two years.

This information is relevant for prospective Benihana franchisees as it provides insight into how the company recognizes revenue from licensing fees over time. Understanding the deferred revenue recognition can help franchisees better assess the financial health and stability of the franchisor. It also highlights the importance of understanding the terms of the franchise agreement and how initial licensing fees are accounted for.