What were the total assets for Benihana Kona Grill as of December 31, 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
and cash equivalents, the Kona Grill tradename and deferred tax assets in the Corporate segment. Previously, certain cash amounts were included in the STK and Kona Grill segments and the Kona Grill tradename and certain deferred tax assets were included in the Kona Grill segment. Fiscal 2021 figures have been reclassified for comparability. Total assets for each of the segments include operating lease liabilities for both existing and new venues under construction.
Certain financial information relating to the years ended December 31, 2022 and 2021 for each segme
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, as of December 31, 2022, Kona Grill had total assets of $78,691. This figure represents the financial resources owned by the Kona Grill segment of Benihana at that specific point in time. Total assets are a key indicator of the financial health and scale of the business.
For a prospective Benihana franchisee, understanding the asset values of existing Kona Grill operations can provide insight into the capital intensity and potential financial stability of the brand. It's important to note that this figure is for the Kona Grill segment as a whole and not for an individual franchise location. A franchisee's own asset values will depend on their specific investment, financing, and operational performance.
It is also important to consider that these figures are historical and may not be indicative of future performance. Factors such as changes in market conditions, competition, and the overall economic climate can impact asset values. Therefore, while this information provides a useful benchmark, prospective franchisees should conduct their own due diligence and financial analysis to assess the potential risks and rewards of investing in a Benihana franchise.