What was the total foreign revenue for Benihana for the year ended December 31, 2022?
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 international revenues for the year ended December 31, 2022, were $5,519. This indicates the portion of Benihana's total revenue that was generated from operations outside of its domestic market.
For a prospective franchisee, this figure provides insight into the brand's global presence and the potential for international growth. While the international revenue is significantly smaller than the domestic revenue ($311,119 for the same period), it still represents a tangible contribution to the overall financial performance of Benihana.
It's important to consider this figure in the context of Benihana's overall business strategy. A franchisee might want to inquire about the company's plans for international expansion and how they intend to grow their foreign market share. Understanding the dynamics between domestic and international revenues can help a franchisee assess the long-term potential and stability of the Benihana brand.