What years are covered by the consolidated statements of stockholder's equity of The ONE Group Hospitality, Inc. included in the Benihana FDD?

According to Benihana's 2024 Franchise Disclosure Document, the consolidated statements of earnings, stockholder's equity, and cash flow of The ONE Group are included for the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021. This information is part of the financial statements of The ONE Group Hospitality, Inc., Benihana's parent corporation.

These financial statements provide a historical view of the company's financial performance over the three-year period. A prospective Benihana franchisee can use this information to assess the financial stability and overall health of The ONE Group Hospitality, Inc., which guarantees BNC's duties and obligations under any Franchise Agreement.

By reviewing these statements, a potential franchisee can identify trends in revenue, expenses, and profitability, as well as evaluate the company's assets, liabilities, and equity. This analysis can help in making an informed decision about investing in a Benihana franchise, considering the financial backing and stability of its parent company.

The inclusion of these financial statements is a standard practice in franchising, allowing potential franchisees to evaluate the financial strength of the franchisor. It is important for prospective franchisees to carefully review these statements and consult with a financial advisor to understand the implications for their investment.