What were the total revenues for Benihana in 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 total revenues for the year ended December 31, 2022, were $316,638. This figure is comprised of both domestic and international revenues. The domestic revenues for 2022 totaled $311,119, while international revenues accounted for $5,519.
When evaluating a franchise opportunity, it is important to consider the revenue trends over multiple years. Benihana's total revenues increased from $277,178 in 2021 to $316,638 in 2022, indicating a positive growth trajectory. This growth can be attributed to increases in both domestic and international revenues during this period.
Prospective franchisees should analyze these revenue figures in conjunction with other financial data provided in the FDD, such as costs and expenses, to gain a comprehensive understanding of Benihana's financial performance. Understanding the sources of revenue, whether primarily from domestic or international operations, can also provide insights into the brand's market presence and potential for expansion.