According to Benihana's 2024 Franchise Disclosure Document, the net value of its property and equipment as of December 31, 2020, was $67,344. This figure represents the depreciated value of all physical assets owned by Benihana, such as restaurant buildings, kitchen equipment, furniture, and fixtures. It reflects the company's investment in its physical infrastructure, adjusted for accumulated depreciation.

For a prospective franchisee, this number provides insight into the scale of Benihana's existing asset base. While franchisees will be responsible for acquiring and maintaining their own property and equipment, understanding the parent company's asset value can offer a sense of the overall financial health and investment in company-owned locations. It's important to note that this figure does not represent the investment required to open a franchise location, as franchisees bear those costs separately.

Depreciation and amortization related to property and equipment amounted to $9.2 million for the year ended December 31, 2020. This indicates the expense recognized for the wear and tear of these assets during that year. The company does not depreciate construction in progress until such assets are placed into service.