What were the total assets for STK under Benihana as of December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
s of operations and comprehensive income.
30
The following tables show our operating results by segment for the periods indicated (in thousands). Prior year amounts have been revised to conform to the current year segment presentation.
| STK | Kona Grill | ONE Hospitality | Corporate | Total | |
|---|---|---|---|---|---|
| For the year ended December 31, 2021 | |||||
| Total revenues | $ 151,436 | $ 123,1 |
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, 2021, the total assets for STK were $95,510. This figure represents the financial resources and properties owned by the STK component of Benihana at that specific point in time.
For a prospective Benihana franchisee, understanding the asset values of different brands under the Benihana umbrella, like STK, can provide insights into the relative financial health and scale of operations of each brand. This information can be useful in evaluating the overall stability and performance of Benihana as a franchise system.
It's important to note that this figure is a snapshot in time and can fluctuate based on various factors, including revenue, expenses, and capital investments. Reviewing trends over multiple years, as presented in the FDD, can offer a more comprehensive understanding of the financial dynamics of STK and other Benihana brands. Comparing these asset values with those of other similar restaurant franchises can also help a potential franchisee assess the relative investment and growth potential.