How many franchised Benihana outlets were operating at the start of 2023?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| OUTLET TYPE | YEAR | OUTLETS AT THE START OF THE YEAR | OUTLETS AT THE END OF THE YEAR | NET CHANGE* (+ or -) |
|---|---|---|---|---|
| Franchised | 2022 | 6 | 6 | 0 |
| 2023 | 6 | 7 | 1 | |
| 2024 | 7 | 8* | 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 were 6 franchised outlets operating at the start of 2023. This information is crucial for potential franchisees as it provides a snapshot of the franchise's existing footprint and growth trajectory.
The FDD outlines the status of franchised outlets over the past few years, showing the changes in the number of locations. For Benihana, the number of franchised locations increased from 6 at the start of 2023 to 7 by the end of 2023, indicating a net growth of 1 franchise.
Understanding the historical data on outlet numbers helps prospective franchisees gauge the stability and expansion rate of the Benihana franchise system. It also allows them to compare the performance of franchised locations against company-owned locations, providing a more comprehensive view of the brand's overall performance.