What was the total value of Benihana's property and equipment, net, as of December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
inancial statements. We believe that our audit provides a reasonable basis for our opinion.
/s/ Plante & Moran PLLC
We served as the Company's auditor from 2018 to 2021.
Boulder, Colorado
March 19, 2021
F-4
THE ONE GROUP HOSPITALITY, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share information)
| December 31, 2021 | December 31, 2020 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 23,614 | $ 24,385 |
| Accounts receivable | 11,356 | 5,777 |
| Inventory | 3,915 | 2,490 |
| Other current assets | 3,666 | 1,348 |
| Due from re |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the net value of Benihana's property and equipment as of December 31, 2021, was $69,638. This figure represents the depreciated value of all physical assets owned by Benihana, such as buildings, kitchen equipment, and furniture, after accounting for accumulated depreciation.
For a prospective franchisee, this number provides insight into the capital intensity of Benihana's operations. It reflects the level of investment Benihana has made in its physical infrastructure to support its business activities. A higher value might suggest a more established and well-equipped operation, while significant changes from year to year could indicate expansion, renovation, or asset disposal activities.
It's important to note that this figure is a snapshot in time and does not reveal the age or condition of the assets. Further details about the depreciation methods used and the types of assets included in this category can be found in the notes to Benihana's financial statements. Understanding the composition and age of these assets can help a franchisee assess potential future capital expenditure requirements for maintaining or upgrading the physical facilities.