According to Hydrodog's 2025 Franchise Disclosure Document, one company-owned Hydrodog outlet was opened in 2024. The table provided in Item 20 details the status of company-owned outlets from 2022 to 2024. In 2024, Hydrodog had zero company-owned outlets at the start of the year and ended the year with one, indicating a net change of one outlet. This suggests that Hydrodog opened one company-owned location during that year.

Specifically, the data shows that the single company-owned Hydrodog location opened in 2024 was in New Jersey. This information is valuable for prospective franchisees as it provides insight into the company's growth strategy and its involvement in operating its own outlets. While Hydrodog primarily focuses on franchising, the presence of company-owned stores can demonstrate the franchisor's confidence in its business model and its ability to operate successfully.

It's important to note that the opening of a single company-owned store may not necessarily indicate a significant shift in Hydrodog's overall strategy. However, it does provide a tangible example of the brand's operational practices. Franchisees may want to inquire about the performance of this company-owned store and the reasons behind its establishment to gain a better understanding of Hydrodog's business approach.