How many Benihana outlets were located in Minnesota at the start of 2022?
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 were 3 Benihana outlets in Minnesota at the start of 2022. The FDD provides a detailed table showing the number of outlets at the start of each year, the number of outlets opened, and the number of outlets at the end of the year for each state. This information is useful for prospective franchisees to understand the brand's presence and activity in specific geographic areas.
For Minnesota, the table indicates that there were 3 outlets at the start of 2022, no outlets opened during the year, and 3 outlets at the end of the year. The table also shows that the number of outlets remained constant at 3 for 2023 and 2024. This suggests a stable presence in the state without any recent expansion or contraction.
Reviewing this type of data across multiple states can help a potential Benihana franchisee identify markets with growth potential or areas where the brand already has a strong foothold. It's important to note that this data reflects company-owned outlets, and the FDD also includes information on franchised outlets in a separate table.