What was the total domestic revenue for Benihana for the year ended December 31, 2023?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK | Kona Grill | ONE Hospitality | Corporate | Total | |
|---|---|---|---|---|---|
| For the year ended December 31, 2023 | |||||
| Total revenues | $ 198,679 | $ 131,716 | $ 1,999 | $ 375 | $ 332,769 |
| Operating income (loss) | 38,890 | 2,189 | 187 | (31,972) | 9,294 |
| Capital asset additions | $ 28,426 | $ 21,450 | $ 123 | $ 3,551 | $ 53,550 |
| As of December 31, 2023 | |||||
| Total assets | $ 153,769 | $ 97,840 | $ 5,868 | $ 59,768 | $ 317,245 |
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, 2023, was $327,627. This figure represents the revenue generated within the domestic market for Benihana restaurants. In comparison, the domestic revenue for the year ended December 31, 2022, was $311,119, indicating an increase in domestic revenue from 2022 to 2023.
For a prospective Benihana franchisee, understanding the trend in domestic revenues is crucial. A growing domestic revenue base may suggest a strong brand presence and customer loyalty within the United States. This information, combined with other financial metrics, can help potential franchisees assess the overall financial health and growth potential of the Benihana franchise system.
It's important to note that this figure represents the total domestic revenue for all Benihana locations, not just franchised locations. A prospective franchisee should inquire about the revenue specifically generated by franchised locations to gain a more accurate understanding of their potential earnings. Additionally, factors such as regional economic conditions and local market competition can influence the revenue of individual franchise units.