How many owned STK venues does Benihana operate domestically?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
We opened our first restaurant in January 2004 in New York, New York. We currently own, operate, manage or license 63 venues including 28 STKs and 27 Kona Grills in major metropolitan cities in North America, Europe and the Middle East and 8 F&B venues in four hotels and casinos in the United States and Europe.
We opened the following eight new venues in 2023:
- Owned STK restaurant in Charlotte, North Carolina
- Owned STK restaurant in Boston, Massachusetts
- Owned STK restaurant in Salt Lake City, Utah
- Owned Kona Grill restaurant in Columbus, Ohio
- Owned Kona Grill restaurant in Riverton, Utah
- Owned Kona Grill restaurant in Phoenix, Arizona
- Two Bao Yum venues through a licensing agreement with Reef Kitchens
Recently the Company exited its licensing agreement with REEF Kitchens and has no venues operating pursuant to that agreement.
We intend to add six to eight new venues in 2024. In March 2024, we opened the following:
● Owned STK restaurant in Washington DC
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company opened several owned STK restaurants in 2023, including locations in Charlotte, North Carolina; Boston, Massachusetts; and Salt Lake City, Utah. In March 2024, Benihana opened an owned STK restaurant in Washington, D.C. Additionally, there is one Company-owned STK restaurant under construction in Aventura, Florida.
Item 22 of the 2024 FDD states that Benihana owns, operates, manages, or licenses 63 venues, which includes 28 STKs and 27 Kona Grills, located in major metropolitan cities across North America, Europe, and the Middle East, as well as 8 F&B venues in four hotels and casinos in the United States and Europe.
In 2023, Benihana operated seventeen owned STK restaurants in North America, Europe, and the Middle East. The document does not specify the exact number of owned STK venues within the United States. A prospective franchisee should ask Benihana for the specific number of owned STK restaurants located domestically.