How many managed STK venues does Benihana have?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
We operate seventeen owned, six managed and five licensed STK restaurants in North America, Europe and the Middle East.
| Venue | Hotel/Casino/Special Venue | Location | Type of Interest |
|---|---|---|---|
| STK Las Vegas | The Cosmopolitan | Las Vegas, Nevada | Managed |
| STK London | ME London | London, England | Managed |
| STK Milan | ME Milan | Milan, Italy | Managed |
| STK Scottsdale (1) | — | Scottsdale, Arizona | Managed |
| STK Stratford | The Gantry London | London, England | Managed |
| STK Toronto | — | Toronto, Canada | Managed |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Benihana operates six managed STK restaurants in North America, Europe, and the Middle East. This information is crucial for potential franchisees as it provides insight into the operational structure of the STK brand under Benihana's umbrella. Managed restaurants differ from owned or licensed locations, indicating a specific level of involvement and control by Benihana.
Specifically, the FDD lists the locations of these managed STK restaurants. These include STK Las Vegas located in The Cosmopolitan, STK London in ME London, STK Milan in ME Milan, STK Scottsdale, STK Stratford in The Gantry London, and STK Toronto. This geographic distribution highlights the brand's presence in major metropolitan areas, aligning with Benihana's strategy of targeting high-energy, fine dining experiences in social atmospheres.
For a prospective franchisee, understanding the number and locations of managed STK restaurants offers a benchmark for assessing the support and oversight provided by Benihana. It also gives an indication of the brand's adaptability to different markets and operational environments. The success and performance of these managed locations can be a key indicator of the potential for new franchise opportunities and the effectiveness of Benihana's management strategies.