What was the total 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 |
| For the year ended December 31, 2022 | STK | Kona Grill | ONE Hospita |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total revenue for the year ended December 31, 2023, was $332,769. This figure is broken down into domestic revenues of $327,627 and international revenues of $5,142.
When evaluating a franchise, revenue is a critical metric for prospective franchisees. It offers insight into the brand's overall financial health and market performance. Higher revenues can indicate a strong brand reputation and customer base, which can be appealing to potential investors.
It is important to note that while total revenue provides a high-level overview, it does not reflect profitability. Franchisees should also consider the costs and expenses associated with generating this revenue, as detailed elsewhere in the FDD, to understand the net income and potential return on investment. Reviewing revenue trends over several years, as presented in the FDD, can further help in assessing the stability and growth potential of the Benihana franchise.