What was the total value of furniture, fixtures, and equipment for Benihana as of December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to assess credit loss estimates. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2022. The Company will adopt the standard effective January 1, 2023. The Company does not expect the adoption of ASU 2016-13 to result in a material change to its consolidated financial statements.
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the value of furniture, fixtures, and equipment as of December 31, 2021, was $24,942. This figure represents the original cost of these assets before accounting for depreciation. These assets are essential for the operation of Benihana restaurants.
For a prospective franchisee, this number provides insight into the capital investment Benihana has in its physical assets. It is important to note that this value does not reflect the depreciated value of these items, which would be lower. The accumulated depreciation as of the same date was $39,425.
Understanding the value of these assets can help a franchisee assess the financial health and investment in physical infrastructure of Benihana. Reviewing these figures over several years, as presented in the table, can also reveal trends in Benihana's investment strategy and asset management.