What was the value of Benihana's international long-lived assets as of December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK | Kona Grill | ONE Hospitality | Corporate | Total | |
|---|---|---|---|---|---|
| For the year ended December 31, 2022 | |||||
| Total revenues | $ 187,402 | $ 126,341 | $ 2,344 | $ 551 | $ 316,638 |
| Operating income (loss) | 40,343 | 7,217 | 1,282 | (32,536) | 16,306 |
| Capital asset additions | $ 19,116 | $ 10,496 | $ 139 | $ 2,878 | $ 32,629 |
| As of December 31, 2022 | |||||
| Total assets | $ 113,911 | $ 78,691 | $ 5,746 | $ 92,676 | $ 291,024 |
| For the year ended December 31, 2021 | STK | Kona Grill | ONE Hospitality | Corporate | Total |
| Total revenues | $ 151,436 | $ 123,181 | $ 1,725 | $ 836 | $ 277,178 |
| Operating income (loss) | 39,863 | 12,982 | 466 | (33,926) | 19,385 |
| Capital asset additions | $ 7,581 | $ 2,307 | $ 170 | $ 1,409 | $ 11,467 |
| As of December 31, 2021 |
Note 14 – Geographic Information
Certain financia
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the value of their international long-lived assets as of December 31, 2021, was $1,190. This figure reflects the company's investment in property, equipment, and other assets located outside of the United States that are expected to provide economic benefits for more than one year. These assets are essential for Benihana's international operations and contribute to the revenue generated from those locations.
Long-lived assets typically include items such as land, buildings, equipment, and leasehold improvements. The value reported represents the historical cost of these assets, less any accumulated depreciation or amortization. Monitoring the value of these assets is important for assessing the financial health and performance of Benihana's international segment. Significant changes in this value from year to year could indicate expansion, asset impairment, or other strategic shifts.
For a prospective Benihana franchisee, understanding the level of international long-lived assets can provide insights into the scale and scope of the franchisor's global presence. It also highlights the company's commitment to maintaining and investing in its international infrastructure. While this specific figure may not directly impact a domestic franchisee, it contributes to the overall financial picture and stability of the Benihana brand.