How many Benihana outlets were located in Maryland at the start of 2023?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
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TABLE NO. 4 STATUS OF COMPANY OWNED OUTLETS FOR FISCAL YEARS 2022-2024
| STATE | YEAR | OUTLETS AT START OF YEAR | OUTLETS OPENED | OUTLETS REACQUIRED FROM FRANCHISEES | OUTLETS CLOSED | OUTLETS SOLD TO FRANCHISEES | OUTLETS AT END OF THE YEAR |
|---|---|---|---|---|---|---|---|
| Alaska | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 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 was one Benihana outlet in Maryland at the start of 2023. The table provided in Item 20 of the FDD details the number of outlets per state for the fiscal years 2022, 2023, and 2024. For Maryland, the data shows one outlet at the beginning of 2022, 2023, and 2024.
This information is useful for prospective franchisees as it provides a historical view of Benihana's presence in specific states. The stability in the number of outlets in Maryland over these three years could indicate a stable market or a lack of expansion opportunities in that particular state.
It is important to note that this data reflects the number of outlets at the start of each year and does not account for any openings or closures that may have occurred during the year. A prospective franchisee should further investigate the performance and market conditions of the existing Maryland location to assess the potential for success in that region.