What were the total domestic revenues 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 |
| For the year ended December 31, 2022 | STK | Kona Grill | ONE Hospitality | Corporate | Total |
| Total revenues | $ 187,402 | $ 126,341 | $ 2,344 | $ 551 | $ 316,638 |
| Operating income (loss) | 40,343 | 7,217 | 1,282 | (32,536) |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total domestic revenues for the year ended December 31, 2023, were $327,627. This figure reflects the revenue generated by Benihana restaurants within the domestic market during that fiscal year. In comparison, the domestic revenues for the year ended December 31, 2022, were $311,119, indicating an increase in domestic revenue from 2022 to 2023.
For a prospective Benihana franchisee, this information is valuable as it provides insight into the brand's financial performance and revenue trends within the domestic market. Understanding the revenue figures can help franchisees assess the potential profitability and growth opportunities associated with investing in a Benihana franchise. The increase in domestic revenues from 2022 to 2023 may suggest positive market reception and effective business strategies implemented by Benihana.
It's important to note that these revenue figures represent the total domestic revenues for Benihana as a whole and may not directly reflect the performance of individual franchise locations. Franchisees should conduct further due diligence and analysis to understand the specific factors that contribute to revenue generation and profitability at the franchise level. Additionally, prospective franchisees should consider other financial metrics and performance indicators to gain a comprehensive understanding of the financial health and stability of the Benihana franchise system.