What were the total owned operating expenses for Benihana in 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
lity, as a key profitability target in our budgets, and to compare our performance against that of peer companies despite possible differences in calculation.
Please refer to the table on page 28 for our reconciliation of net income to EBITDA and Adjusted EBITDA and for a reconciliation of operating income to Restaurant Operating Profit.
Results of Operations
The following table sets forth certain statements of operations data for the periods indicated (in thousands):
| For the year ended December 31, |
|---|
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total owned operating expenses for the year ending December 31, 2022, were $250,054. This figure represents the sum of owned restaurant cost of sales ($75,365) and owned restaurant operating expenses ($174,689).
These expenses are a critical component of Benihana's overall cost structure and directly impact the profitability of owned restaurants. Monitoring these expenses is essential for maintaining financial health. Prospective franchisees should pay close attention to these figures to understand the operational costs associated with running a Benihana restaurant.
Understanding the breakdown of these expenses can help potential franchisees assess the efficiency of Benihana's operations and identify areas where costs might be optimized. It's also important to compare these figures with industry benchmarks to evaluate Benihana's performance relative to its competitors.