factual

How many STK Rooftop locations does Benihana consider as one venue location?

Benihana Franchise · 2024 FDD

Answer from 2024 FDD Document

(1) Locations with an STK and STK Rooftop are considered one venue location. This includes the STK Rooftop in San Diego, CA, which is a licensed location.

Source: Item 22 — CONTRACTS (FDD pages 73–74)

What This Means (2024 FDD)

According to Benihana's 2024 Franchise Disclosure Document, when an STK restaurant has an STK Rooftop, Benihana considers the combination to be a single venue location. This policy includes the STK Rooftop in San Diego, CA, which is a licensed location. This means that for accounting, reporting, and potentially operational purposes, the two concepts function as one unit.

For a prospective franchisee, this is important for several reasons. It could affect how Benihana assesses the performance of a location, as the revenue and expenses of both the STK restaurant and the STK Rooftop would be combined. This could also influence decisions about marketing, staffing, and resource allocation for that venue.

Furthermore, this designation might impact the franchisee's obligations under the franchise agreement, such as reporting requirements or compliance with brand standards. It is important for potential franchisees to understand how this policy could affect their specific location and to discuss any concerns with Benihana during the due diligence process.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.