How many STK and Kona Grill venues does Benihana currently own, operate, manage, or license?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
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
There is currently one Company-owned STK restaurant, one Company-owned Kona Grill restaurant, and one Company-owned Salt Water Social restaurant under construction in the following cities:
- Owned STK restaurant in Aventura, Florida
- Owned Kona Grill restaurant Tigard, Oregon
- Owned Salt Water Social restaurant in Denver, Colorado
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, as of the date of the document, Benihana owns, operates, manages, or licenses a total of 63 venues. This total includes 28 STK locations and 27 Kona Grill locations. These venues are situated in major metropolitan cities across North America, Europe, and the Middle East. Additionally, Benihana operates 8 F&B venues within four hotels and casinos located in the United States and Europe.
In 2023, Benihana expanded its portfolio by opening eight new venues. These included owned STK restaurants in Charlotte, North Carolina; Boston, Massachusetts; and Salt Lake City, Utah. Additionally, the company opened owned Kona Grill restaurants in Columbus, Ohio; Riverton, Utah; and Phoenix, Arizona. Benihana also launched two Bao Yum venues through a licensing agreement with Reef Kitchens; however, the company has since exited this agreement.
Benihana intends to further expand by adding six to eight new venues in 2024. As of March 2024, they had already opened an owned STK restaurant in Washington, D.C. Furthermore, there is one Company-owned STK restaurant, one Company-owned Kona Grill restaurant, and one Company-owned Salt Water Social restaurant currently under construction in Aventura, Florida; Tigard, Oregon; and Denver, Colorado, respectively.