What is Mr. Loy's current position at Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Treasurer: Tyler Loy
Mr. Loy is our Treasuer. He has served as the Chief Financial Officer of The ONE Group since April 1, 2019. He previously served as that company's Vice President of Strategy from September 24, 2018, until April 1, 2019. Before joining The ONE Group, Mr. Loy was Vice President of Finance at a franchisee with approximately 300 TACO BELL® and BUFFALO WILD WINGS® restaurants, and he held several finance and sales leadership roles at Einstein Noah Restaurant Group, Inc.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 12–14)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Mr. Tyler Loy holds the position of Treasurer. He also serves as the Chief Financial Officer of The ONE Group since April 1, 2019. Before that, he was the Vice President of Strategy for The ONE Group starting September 24, 2018, until he transitioned to his CFO role on April 1, 2019.
Prior to his time with The ONE Group, Mr. Loy gained experience as Vice President of Finance at a franchisee that operated approximately 300 TACO BELL® and BUFFALO WILD WINGS® restaurants. He also held various finance and sales leadership positions at Einstein Noah Restaurant Group, Inc.
For a prospective Benihana franchisee, understanding the background and roles of key personnel like Mr. Loy is important. His dual role as Treasurer for Benihana and CFO for The ONE Group indicates the interconnectedness of the financial operations between the franchise and its parent company. His previous experience in finance and strategy roles, particularly within the restaurant industry, suggests he possesses a strong understanding of the financial aspects of managing and growing restaurant businesses.