According to Benihana's 2024 Franchise Disclosure Document, Exhibit D lists former franchisees. Specifically, it identifies franchisees who had their franchise terminated, canceled, not renewed, or otherwise ceased operations under the Franchise Agreement during the most recently completed fiscal year. It also includes franchisees who stopped doing business after the end of the prior fiscal year but before the effective date of the current FDD, or those who have not communicated with Benihana within 10 weeks of the FDD's issuance date.

This information is crucial for prospective franchisees as it provides insight into the turnover and stability within the Benihana franchise system. Reviewing this list may reveal potential issues or challenges faced by previous franchisees, such as difficulties in maintaining operations or disputes leading to termination.

By examining the reasons behind these departures, potential franchisees can gain a better understanding of the risks and rewards associated with investing in a Benihana franchise. It is advisable to inquire further with Benihana about the specific circumstances surrounding these former franchisees to make a well-informed decision.