What was the total domestic revenue for Benihana for the year ended December 31, 2021?
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 | |||||
| Total assets | $ 113,911 | $ 78,691 | $ 5,746 | $ 92,676 | $ 291,024 |
| For the year ended December 31, 2021 | STK | Kona Grill | ONE Hospitality | Corporate | Total |
| Total revenues | $ 151,436 | $ 123,181 | $ 1,725 | $ 836 | $ 277,178 |
| Operating income (loss) | 39,863 | 12,982 | 466 | (33,926) | 19,385 |
| Capital asset additions | $ 7,581 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total domestic revenue for the year ended December 31, 2021, was $272,651. This figure represents the revenue generated from Benihana's domestic operations during that fiscal year.
For a prospective franchisee, understanding the domestic revenue trend is crucial. It provides insight into the brand's performance and market acceptance within the country. Reviewing revenue figures from multiple years, as presented in the FDD, helps to assess the stability and growth trajectory of Benihana's domestic operations. This information, combined with other financial metrics, can inform a franchisee's decision-making process.
It's important to note that this figure represents the total domestic revenue and not the revenue of an individual franchise location. A potential franchisee should refer to Item 19 of the FDD, which may provide more specific financial performance representations for individual units. Additionally, they should conduct their own market research and due diligence to assess the potential revenue for a Benihana franchise in their target location.