Since when has Deloitte & Touche LLP served as Benihana's auditor?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
/s/ Deloitte & Touche LLP
Denver, Colorado March 14, 2024
We have served as the Company's auditor since 2021.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Deloitte & Touche LLP has served as the company's auditor since 2021. This is based on their report included in the FDD. Their office is located in Denver, Colorado.
Having a well-known and reputable firm like Deloitte & Touche LLP as an auditor can provide a level of confidence in the financial statements of Benihana. This is because such firms are expected to adhere to strict auditing standards and have a reputation to uphold.
For a prospective franchisee, this suggests that Benihana's financial records are likely to be well-maintained and have undergone scrutiny by an independent third party. While this doesn't guarantee the financial success of the franchise, it does offer some assurance regarding the accuracy and reliability of the financial information provided by the company.