How many franchised Hydrodog outlets were operating at the start of 2023?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 19 | 19 | 0 |
| 2023 | 19 | 18 | -1 | |
| 2024 | 18 | 20 | +2 | |
| Company-Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 1 | 1 | |
| Total | 2022 | 19 | 19 | 0 |
| 2023 | 19 | 18 | -1 | |
| 2024 | 18 | 21 | +3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–43)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, there were 19 franchised outlets operating at the start of 2023. This number is detailed in Table No. 3, which summarizes the status of franchised outlets from 2022 to 2024. The table provides a year-by-year breakdown of the number of franchised outlets at the beginning and end of each year, as well as the net change.
For a prospective Hydrodog franchisee, this information is useful for understanding the recent history of the franchise system's growth and stability. A consistent number of outlets, like the 19 at the start of 2023, might suggest a stable franchise network. However, it's important to note that the number decreased to 18 by the end of 2023, indicating a net loss of one franchised location during that year.
It is also important to consider the state-by-state data provided in the FDD. For example, while the total number of Hydrodog franchises decreased, certain states such as Arizona and Nebraska saw an increase in the number of outlets. Reviewing this detailed data can provide a more nuanced understanding of the franchise's performance in different markets, which is crucial for making an informed investment decision.