How many international ONE Hospitality venues are managed by Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| Venues | |||||||
|---|---|---|---|---|---|---|---|
| STK (1) | Kona Grill | ONE Hospitality (2) | Total | ||||
| Domestic | |||||||
| Owned | 13 | 25 | 2 | 40 | |||
| Managed | 2 | _ | 1 | 3 | |||
| Licensed | 1 | _ | 3 | 4 | |||
| Total domestic | 16 | 25 | 6 | 47 | |||
| International | |||||||
| Owned | _ | _ | _ | _ | |||
| Managed | 5 | _ | 7 | 12 | |||
| Licensed | 4 | _ | _ | 4 | |||
| Total international | 9 | _ | 7 | 16 | |||
| Total venues | 25 | 25 | 13 | 63 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Benihana manages 7 international ONE Hospitality venues. These venues are part of Benihana's ONE Hospitality platform, which includes F&B hospitality management agreements with hotels, casinos, and other high-end locations, as well as other venue brands.
For a prospective franchisee, this indicates that Benihana is involved in managing various hospitality venues internationally, which could provide opportunities for international expansion or involvement in diverse hospitality concepts. The ONE Hospitality platform includes brands such as ANGEL, Bao Yum, Heliot, Hideout, Marconi, Radio and Rivershore Bar & Grill.
It's important to note that the number of managed venues can change over time due to new agreements, terminations, or changes in management strategies. Franchisees should inquire about the current status and future plans for ONE Hospitality venues as part of their due diligence. Understanding the performance and growth strategy of these managed venues can offer insights into Benihana's broader business model and potential revenue streams.