table_specific

What were Benihana's total current assets as of December 31, 2021?

Benihana Franchise · 2024 FDD

Answer from 2024 FDD Document

inancial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Plante & Moran PLLC

We served as the Company's auditor from 2018 to 2021.

Boulder, Colorado

March 19, 2021

F-4

THE ONE GROUP HOSPITALITY, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share information)

| | December 31, 2021 | December 31, 2020 | |----------------------------------------------------------------------

Source: Item 22 — CONTRACTS (FDD pages 73–74)

What This Means (2024 FDD)

According to Benihana's 2024 Franchise Disclosure Document, the company's total current assets as of December 31, 2021, were $42,927. This figure represents the sum of Benihana's cash and cash equivalents ($23,614), accounts receivable ($11,356), inventory ($3,915), other current assets ($3,666), and due from related parties ($376) at that specific point in time.

For a prospective franchisee, understanding the current assets of Benihana provides insight into the company's short-term financial health and liquidity. Current assets are those that can be readily converted into cash within a year, indicating the company's ability to meet its immediate obligations. A higher value of current assets compared to current liabilities generally suggests a stronger financial position.

It's important to note that this figure is a snapshot in time and can fluctuate due to various factors, including seasonal sales, changes in inventory levels, and payment cycles. While $42,927 reflects Benihana's position in 2021, potential franchisees should review more recent financial statements and trends to gain a comprehensive understanding of the company's financial performance. Comparing the current assets to previous years, such as 2020 when total current assets were $34,376, can also reveal growth or decline patterns.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.