What were the total capital asset additions for STK under Benihana as of December 31, 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK | Kona Grill | ONE Hospitality | Corporate | Total | |
|---|---|---|---|---|---|
| For the year ended December 31, 2022 | |||||
| Total revenues | $ 187,402 | $ 126,341 | $ 2,344 | $ 551 | $ 316,638 |
| Operating income (loss) | 40,343 | 7,217 | 1,282 | (32,536) | 16,306 |
| Capital asset additions | $ 19,116 | $ 10,496 | $ 139 | $ 2,878 | $ 32,629 |
| As of December 31, 2022 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total capital asset additions for STK as of December 31, 2022, were $19,116. This figure represents the investment in capital assets made by STK during the year.
Capital asset additions typically include investments in property, equipment, and other long-term assets used in the business operations of STK restaurants. For a prospective franchisee, this indicates the level of ongoing investment required to maintain and improve the restaurant's facilities and equipment. These additions can cover a range of items, from kitchen upgrades to dining area renovations, all aimed at enhancing the customer experience and operational efficiency.
It's important to note that this figure is specific to STK and does not reflect the capital asset additions for other brands under Benihana, such as Kona Grill or ONE Hospitality. The capital asset additions for the entire company, including corporate investments, totaled $32,629 for the same period. Franchisees should consider these capital asset requirements as part of their financial planning, ensuring they have sufficient resources for necessary upgrades and maintenance to keep their Benihana franchise competitive and up to standard.