What was the total domestic income before income taxes for Benihana in 2023 (in thousands)?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Note 6 - Income Taxes
The components of income before provision for income taxes were as follows (in thousands):
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the components of income before provision for income taxes are presented in thousands of dollars. However, the document does not explicitly state the total domestic income before income taxes for 2023.
While the FDD includes a table with domestic revenues of $327,627,000 for the year ended December 31, 2023, this is not the same as income before income taxes. The document also provides the net income (loss) attributable to The ONE Group Hospitality, Inc. as $31,348,000 for 2021, but this figure is for a different year and represents net income, not income before taxes.
To obtain the specific figure for total domestic income before income taxes for Benihana in 2023, a prospective franchisee should consider asking the franchisor directly for this information during their due diligence process. Understanding this figure is crucial for assessing the profitability and financial health of Benihana.