What was the value of Benihana's international long-lived assets as of December 31, 2022?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| STK | Kona Grill | ONE Hospitality | Corporate | Total | |
|---|---|---|---|---|---|
| For the year ended December 31, 2023 | |||||
| Total revenues | $ 198,679 | $ 131,716 | $ 1,999 | $ 375 | $ 332,769 |
| Operating income (loss) | 38,890 | 2,189 | 187 | (31,972) | 9,294 |
| Capital asset additions | $ 28,426 | $ 21,450 | $ 123 | $ 3,551 | $ 53,550 |
| As of December 31, 2023 | |||||
| Total assets | $ 153,769 | $ 97,840 | $ 5,868 | $ 59,768 | $ 317,245 |
| For the year ended December 31, 2022 | STK | Kona Grill | ONE Hospitality | Corporate | Total |
| Total revenues | $ 187,402 | $ 126,341 | $ 2,344 | $ 551 | $ 316,638 |
| Operating income (loss) | 40,343 | 7,217 | 1,282 | (32,536) |
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, 2022, was $1,345. This figure represents 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.
For a prospective franchisee, understanding the value and performance of international assets can provide insights into Benihana's global presence and financial stability. While the international long-lived assets are a small portion of Benihana's overall assets, they still contribute to the company's revenue.
It's important to note that these assets are subject to impairment reviews, as mentioned elsewhere in the FDD. This means that Benihana periodically assesses whether the carrying value of these assets is recoverable, and if not, they may need to write down their value. This can impact the company's financial statements and potentially affect franchisee operations, although the international assets are a small portion of the overall.