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How many Benihana outlets ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in 2023?

Benihana Franchise · 2024 FDD

Answer from 2024 FDD Document

STATE YEAR OUTLETS AT START OF YEAR OUTLETS OPENED TERMINATIONS NON- RENEWALS REACQUIRED BY FRANCHISOR CEASED OPERATIONS- OTHER REASONS OUTLETS AT END OF THE YEAR
Arkansas 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
California 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
Florida 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 1 0 0 0 0 2
Michigan 2022 0 0 0 0 0 0 0
2023 0 1 0 0 0 0 1
2024 1 0 0 0 0 0 1*
Nevada 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
New Jersey 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
Wisconsin 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
Total 2022 6 0 0 0 0 0 6
Outlets
2023 6 1 0 0 0 0 7
2024 7 1 0 0 0 0 8*

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, none of the Benihana franchise locations ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during the 2023 fiscal year. The provided table, which details the status of franchised outlets, lists the number of outlets at the start and end of each year, as well as changes due to openings, terminations, non-renewals, re acquisitions and other reasons.

Specifically, for the year 2023, the table shows that there were six franchised Benihana outlets at the start of the year and seven at the end of the year. One new outlet was opened during the year. The columns for terminations, non-renewals, reacquired by franchisor, and ceased operations for other reasons all show a count of zero. This indicates that no Benihana franchises closed for any of those reasons during that year.

This information is valuable for potential franchisees as it provides insight into the stability and performance of existing Benihana franchise locations. The absence of closures for reasons other than those listed could be interpreted positively, suggesting that Benihana franchises generally remain in operation unless there is a specific decision to terminate, not renew, or reacquire them.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.