What is the total number of international venues managed by Benihana under the ONE Hospitality brand?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| Venues | |||||
|---|---|---|---|---|---|
| STK (1) | Kona Grill | ONE Hospitality (2) | Total | ||
| Domestic | |||||
| Owned | 11 | 24 | 2 | 37 | |
| Managed | 2 | _ | 1 | 3 | |
| Licensed | 1 | _ | _ | 1 | |
| Total domestic | 14 | 24 | 3 | 41 | |
| International | |||||
| Owned | _ | _ | _ | _ | |
| Managed | 4 | _ | 10 | 14 | |
| Licensed | 5 | _ | _ | 5 | |
| Total international | 9 | _ | 10 | 19 | |
| Total venues | 23 | 24 | 13 | 60 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company manages a total of 10 international venues under the ONE Hospitality brand. These venues are managed, not owned or licensed, by Benihana.
For a prospective franchisee, this indicates that Benihana has an established presence in international markets through management agreements. This may present opportunities for franchisees interested in international expansion or involvement in managing existing international locations.
It's important to note that the ONE Hospitality platform includes various concepts such as ANGEL, Bao Yum, Heliot, Hideout, Radio, and Rivershore Bar & Grill, indicating a diverse portfolio of managed venues. Franchisees should inquire about the specific types of international venues managed under the ONE Hospitality brand and the nature of the management agreements in place.