What was the total value of furniture, fixtures, and equipment for Benihana as of December 31, 2023?

According to Benihana's 2024 Franchise Disclosure Document, the value of furniture, fixtures, and equipment as of December 31, 2023, was $49,753. This figure represents the original cost of these assets before accounting for depreciation.

For a prospective Benihana franchisee, this number provides insight into the capital investment Benihana has made in its own company-owned restaurants. It is important to note that this value does not represent the initial investment a new franchisee would need to make in furniture, fixtures, and equipment. The initial investment for a franchisee would depend on factors such as the restaurant's size, location, and specific design requirements.

Furthermore, the FDD also lists "Leasehold improvements" at $130,136 for the same date, which refers to the cost of improvements made to leased properties. The accumulated depreciation and amortization for furniture, fixtures, and equipment and leasehold improvements is listed as ($60,128). The subtotal of furniture, fixtures and equipment, leasehold improvements, and less accumulated depreciation and amortization is $119,761. Additionally, the FDD lists "Restaurant smallwares" at $3,103 and "Construction in progress" at $17,044. These figures combined provide a more comprehensive view of Benihana's investment in its restaurant assets.