How many Benihana outlets were located in Nevada at the end 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 |
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 located in Nevada at the end of 2023. The provided table tracks the number of outlets in each state over the course of fiscal years 2022, 2023, and 2024. For Nevada, the table shows the number of outlets at the start of 2023 was one, with no openings, acquisitions, closures, or sales during the year, leaving one outlet at the end of 2023.
This information is useful for potential franchisees as it provides a snapshot of Benihana's presence and stability in Nevada. The fact that the number of outlets remained constant suggests a stable market, although further investigation would be needed to assess the performance and potential of that single location. It's important to note that this data reflects the number of physical Benihana restaurant locations and does not include any virtual or non-traditional locations that may operate in the state.
Prospective franchisees should consider this information in conjunction with other factors, such as market demographics, competition, and local economic conditions, to assess the viability of opening a Benihana franchise in Nevada. Further research into the performance of the existing Nevada location would also be beneficial in understanding the market dynamics and potential challenges.