What was the total value of Benihana's cash and cash equivalents as of December 31, 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
sumptions.
- We evaluated the reasonableness of management's undiscounted future cash flows analysis by comparing management's projections to (1) the Company's historical results, (2) internal communications to management and the Board of Directors, (3) external commu
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company's cash and cash equivalents totaled $55,121 as of December 31, 2022. This figure represents the amount of cash Benihana had on hand, including cash in banks and at its restaurants.
For a prospective franchisee, understanding the franchisor's cash position can be an indicator of financial stability. A healthy cash balance suggests that Benihana has sufficient liquidity to meet its short-term obligations and potentially invest in growth opportunities.
However, it's important to consider this figure in the context of Benihana's overall financial health, including its liabilities, revenues, and expenses. A franchisee should review the complete financial statements and consult with a financial advisor to assess the implications of Benihana's cash position for their investment.