Since when has Deloitte & Touche LLP served as the auditor for Benihana?
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 confirmed by their statements included in Item 22, Contracts, within the FDD. Their role as an auditor involves assessing the company's financial statements and internal controls.
For a potential Benihana franchisee, the consistency of having a well-known firm like Deloitte & Touche LLP as an auditor since 2021 can provide a degree of confidence in the financial reporting and stability of the company. It suggests that Benihana's financial practices are subject to external oversight and scrutiny, which can be a positive indicator.
However, it is important to note that the presence of a reputable auditor does not guarantee the financial success of a franchise. Prospective franchisees should still conduct their own due diligence, including consulting with financial advisors and legal counsel, to fully understand the risks and opportunities associated with investing in a Benihana franchise. Reviewing the auditor's reports and any related findings can also provide valuable insights into the company's financial health and internal control environment.