How many STK venues does Benihana currently own domestically?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| Venues | |||||
|---|---|---|---|---|---|
| STK(1) | Kona Grill | ONE Hospitality(2) | Total | ||
| Domestic | |||||
| Owned | 13 | 25 | 2 | 40 | |
| Managed | 2 | — | 1 | 3 | |
| Licensed | 1 | — | 3 | 4 | |
| Total domestic | 16 | 25 | 6 | 47 | |
| International | |||||
| Owned | — | — | — | — | |
| Managed | 5 | — | 7 | 12 | |
| Licensed | 4 | — | — | 4 | |
| Total international | 9 | — | 7 | 16 | |
| Total venues | 25 | 25 | 13 | 63 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company owns 13 STK venues domestically. The document also specifies that Benihana has a total of 16 domestic STK venues, which includes 2 that are managed and 1 that are licensed.
It is important to note that locations with both an STK restaurant and an STK Rooftop are counted as a single venue. This includes the licensed STK Rooftop in San Diego, CA. This detail is relevant for prospective franchisees as it clarifies how venues are counted in Benihana's reports.
In addition to owned, managed, and licensed STK restaurants, Benihana also operates Kona Grill and ONE Hospitality venues. These different operational models allow Benihana to expand its presence in various markets while managing capital investment. The company's strategy focuses on a mix of these models to optimize growth and resource allocation.