How many domestic STK venues are owned by Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK(1) | Kona Grill | ONE Hospitality(2) | Total | |
|---|---|---|---|---|
| Domestic | ||||
| Owned | 11 | 24 | 2 | 37 |
| Managed | 2 | — | 1 | 3 |
| Licensed | 1 | — | — | 1 |
| Total domestic | 14 | 24 | 3 | 41 |
| International | ||||
| Owned | — | — | — | — |
| Managed | 4 | — | 10 | 14 |
| Licensed | 5 | — | — | 5 |
| Total international | 9 | — | 10 | 19 |
| Total venues | 23 | 24 | 13 | 60 |
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 are owned varies across different tables presented in Item 22, Contracts. One table indicates that Benihana owns 11 domestic STK venues, while another table shows 13, and a third indicates 17. These discrepancies may be due to different reporting periods or definitions used within the document.
Specifically, one table shows that Benihana has 11 owned domestic STK venues, 24 owned Kona Grill venues, and 2 owned ONE Hospitality venues, totaling 37 owned domestic venues. This same table indicates there are 2 managed domestic STK venues and 1 licensed domestic STK venue. Another table indicates that Benihana owns 13 domestic STK venues, 25 Kona Grill venues, and 2 ONE Hospitality venues, totaling 40 owned domestic venues. This table also shows 2 managed domestic STK venues and 1 licensed domestic STK venue. A third table indicates that Benihana owns 17 domestic STK venues, 27 Kona Grill venues, and 2 ONE Hospitality venues, totaling 46 owned domestic venues. This table also shows 2 managed domestic STK venues and 1 licensed domestic STK venue.
Given these inconsistencies, a prospective franchisee should clarify with Benihana the exact number of currently owned domestic STK venues and the specific dates to which each count refers. Understanding the ownership structure and the timing of these figures is crucial for assessing the financial and operational aspects of the Benihana franchise opportunity.