As of December 31, 2024, how many franchisee-owned Hydrodog businesses were in operation?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 31, 2024, there were 20 franchisee-owned HydroDog businesses in operation. As of the issuance date of this disclosure document 15 of the franchisee-owned HydroDog businesses have reported financial data for the 2024 calendar year.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 38–40)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, as of December 31, 2024, there were 20 franchisee-owned Hydrodog businesses in operation. However, the FDD also notes that only 15 of these franchisee-owned businesses reported financial data for the 2024 calendar year. This means that while 20 franchises were open, the financial performance data available only represents a subset of those locations.
For a prospective franchisee, this information is crucial for understanding the scope and reliability of the financial performance data presented. The fact that only 15 out of 20 locations reported data could be due to various reasons, such as new franchises opening late in the year or some franchisees not providing their data. It is important to consider that the financial performance representations are based on a limited sample, which may not be fully representative of all Hydrodog franchises.
Therefore, a potential franchisee should inquire about the reasons why the remaining 5 franchisee-owned Hydrodog businesses did not report financial data. Understanding the characteristics of the franchises that did not report data can help in assessing whether the available financial performance data is indicative of what a new franchisee might expect. It is also advisable to conduct independent research and consult with existing franchisees to gather a more comprehensive understanding of the potential financial performance of a Hydrodog franchise.