What was the net income attributable to The ONE Group Hospitality, Inc., which includes Benihana, in 2022?

According to Benihana's 2024 Franchise Disclosure Document, the net income attributable to The ONE Group Hospitality, Inc. for the year ended December 31, 2022, was $13,534. This figure represents the portion of the company's overall net income that is specifically allocated to the parent entity, The ONE Group Hospitality, Inc., after accounting for any non-controlling interests.

For a prospective Benihana franchisee, this indicates the financial performance of the parent company. A higher net income generally suggests stronger financial health and stability, which can be a positive sign. It demonstrates the company's ability to generate profit after covering all expenses, including operational costs, interest, and taxes. This can provide a level of reassurance regarding the franchisor's capability to support its franchisees and invest in the brand's growth.

However, it's important to consider this figure in the context of other financial data provided in the FDD, such as revenues, expenses, and overall financial trends over multiple years. Additionally, prospective franchisees should investigate how the net income is distributed or reinvested within the company, as this can impact the resources available for franchisee support, marketing, and innovation. Examining the performance of individual Benihana locations, as well as the broader ONE Group Hospitality portfolio, will provide a more complete picture of the brand's financial standing.