How many domestic STK venues does Benihana own?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK(1) | Kona Grill | ONE Hospitality(2) | Total | |
|---|---|---|---|---|
| Domestic | ||||
| Owned | 17 | 27 | 2 | 46 |
| Managed | 2 | — | 1 | 3 |
| Licensed | 1 | — | — | 1 |
| Total domestic | 20 | 27 | 3 | 50 |
| International | ||||
| Owned | — | — | 1 | 1 |
| Managed | 4 | — | 4 | 8 |
| Licensed | 4 | — | — | 4 |
| Total international | 8 | — | 5 | 13 |
| Total venues | 28 | 27 | 8 | 63 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the number of domestic STK venues that Benihana owns varies across different reports within the same document. One report indicates that Benihana owns 17 domestic STK venues, while another report states that Benihana owns 13 domestic STK venues, and a third report indicates 11 domestic STK venues.
These discrepancies could be due to different reporting periods or methodologies used in compiling the data. It is important to note that locations with both an STK and an STK Rooftop are counted as a single venue location.
Given these inconsistencies, a prospective franchisee should seek clarification from Benihana regarding the exact number of currently operating, company-owned domestic STK venues. Understanding the specific dates and criteria used for each report is crucial for making an informed investment decision. This information can provide a clearer picture of Benihana's current operational footprint and potential growth opportunities.