What were the total revenues 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 revenues for the year ended December 31, 2023, were $332,769. This figure comprises both domestic and international revenues. In comparison, the total revenues for the year ended December 31, 2022, were $316,638.
Breaking down the 2023 revenues, domestic revenues amounted to $327,627, while international revenues accounted for $5,142. For the previous year, 2022, domestic revenues were $311,119, and international revenues were $5,519. This indicates that the majority of Benihana's revenue is generated domestically.
Prospective franchisees should note the increase in total revenues from 2022 to 2023. Understanding the sources of revenue, whether from domestic or international operations, can provide insights into the geographic performance of the brand. This information can be useful for evaluating the potential market and growth opportunities in different regions.