What was the reported value of domestic long-lived assets for Benihana as of December 31, 2022?

According to Benihana's 2024 Franchise Disclosure Document, the value of their domestic long-lived assets as of December 31, 2022, was reported as $211,143. The FDD also provides a comparative figure for the previous year, with domestic long-lived assets valued at $185,718 as of December 31, 2021. This indicates an increase in Benihana's domestic long-lived assets from 2021 to 2022.

Long-lived assets typically include items such as property, plant, and equipment (PP&E) that a company expects to use for more than one year. For a Benihana franchise, these assets could include the restaurant building, kitchen equipment, furniture, and fixtures. The reported value represents the net book value of these assets, which is the original cost less any accumulated depreciation.

A prospective Benihana franchisee should understand the composition and valuation of these long-lived assets, as they represent a significant portion of the capital investment in the business. Changes in these asset values can reflect investments in new equipment, renovations, or potential impairments. It's important to note that these figures represent the assets owned by the overall Benihana enterprise and not necessarily the assets of an individual franchise location.

Franchisees may want to inquire about the specific types of long-lived assets included in this category and how they are depreciated. Understanding the depreciation methods and useful lives assigned to these assets can help franchisees better project their future capital expenditure needs. Additionally, franchisees should ask about any planned investments in long-lived assets that could impact the overall financial performance of the Benihana brand.