Benihana

Restaurants · Miami, FL

Business Summary

Benihana is a well-known teppanyaki chain restaurant in North Bay Village near Miami Beach, offering Japanese hibachi dining with theatrical tableside cooking. The brand draws tourists and families for its entertainment-dining concept.

Location & Competitors

Loading map...
Neighborhood
Commercial - North Bay Village/Causeway
Foot Traffic
Moderate - destination dining
Parking
Dedicated lot parking
Transit Access
Limited - car or rideshare required
Nearby Landmarks
79th Street CausewayMiami Beach accessNorth Bay Village waterfront

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
222 Taco
0.16km
10/100
Weak
Low
Shucker's Waterfront Grill
0.16km
50/100
Average
Medium
Dunkin'
0.32km
55/100
Average
High
Breezes by the Bay
0.64km
10/100
Weak
Low

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Revenue Range

ConservativeExpectedOptimistic

Financial Overview

Estimated Value$1M-$2.5M
Industry Margin10-16%
Entry Cost$1M-$2M

Market Analysis

Market Size$350M Japanese dining in South Florida
TrendTeppanyaki entertainment dining stable but not growing
SeasonalityTourist season peaks, family holiday dining

Consumer Trends

Experience dining over just foodFamily celebration destinationsTourist-friendly dining brandsCocktail and dining combos

SWOT Analysis

Strengths

Internal advantages

  • Strong national brand recognition
  • Entertainment-dining concept unique
  • Tourist-friendly and celebration-ready

Weaknesses

Areas for improvement

  • Chain perception vs independent restaurants
  • Fixed format limits menu innovation
  • Higher labor costs for trained chefs

Opportunities

External potential

  • Birthday and celebration package marketing
  • Hotel partnership for tourist groups
  • Cocktail menu modernization

Threats

External risks

  • Independent teppanyaki restaurants competing on quality
  • Changing dining preferences away from chains
  • Labor shortage for skilled hibachi chefs

Strategic Recommendations

Quick Wins

Implement this week

Enhance birthday and celebration packages

Partner with nearby hotels for group bookings

Update cocktail menu for modern tastes

Growth Strategies

1-3 months

Develop private event and corporate team-building packages

Create social media content of teppanyaki showmanship

Add premium wagyu and seafood options

Risks to Monitor

Ongoing vigilance

Brand fatigue among repeat visitors

Corporate franchise restrictions on innovation

Chef training pipeline challenges

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Mobile Teppanyaki Experience

Portable teppanyaki grill setup for private events, bringing the hibachi cooking show to Miami homes and corporate venues.

2

Dining Entertainment Booking App

App specializing in booking entertainment-focused restaurants (teppanyaki, fondue, Brazilian rodizio) in Miami with package deals.

Digital Score

65/ 100
Good

Quick Stats

Competitors4
Est. Revenue$1500-3500K
Market TrendTeppanyaki entertainment dining stable but not growing
Digital Score65/100

Contact Info

1665, North Bay Causeway, Miami, FL, 33141
Used by 200+ businesses

What Top Competitors Already Know

See exactly how Benihana stacks up: revenue projections, competitive blind spots, and 3 growth opportunities other businesses in this market are already using.

Coming soon • Instant delivery in 5 minutes • Money-back guarantee