How many Benihana franchise agreements have been signed in Florida, but the outlet is not yet opened?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STATE | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlet in the Next Fiscal Year | Projected New Company- Owned Outlets in the Current Fiscal Year |
|---|---|---|---|
| California | 0 | 0 | 1 |
| Florida | 1 | 0 | 0 |
| Total Outlets | 1 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION LIST OF OUTLETS (FDD pages 67–72)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, there is one franchise agreement signed in Florida for a Benihana restaurant that has not yet opened. This means that a franchisee has committed to opening a location in Florida, but the restaurant is still in the development or construction phase.
For a prospective franchisee, this indicates potential opportunities for growth within the Florida market. However, it also suggests that there may be challenges or delays in opening new locations, which could impact the franchisee's timeline and financial projections. It is important to investigate the reasons behind the delay in opening the Florida location to assess any potential risks or obstacles.
It is also worth noting that Benihana anticipates opening one new company-owned outlet in California during the current fiscal year. This demonstrates the brand's continued investment in both franchised and company-owned locations. Franchisees should inquire about the support and resources Benihana provides to help new locations open successfully and on schedule.