How many Hydrodog outlets were open at the start of 2023 in total?
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 open at the start of 2023. Additionally, there were no company-owned Hydrodog outlets open at the start of 2023. Therefore, the total number of Hydrodog outlets open at the beginning of 2023 was 19.
It is important to note that during 2023, Hydrodog opened 3 new franchised outlets, but also closed 4, resulting in a net decrease of 1 franchised outlet by the end of the year. This information is crucial for prospective franchisees to understand the dynamics of outlet openings and closures within the Hydrodog system. Understanding these trends can help franchisees make informed decisions about their investment and operational strategies.
Overall, the data suggests that while Hydrodog is expanding, there are also challenges in maintaining existing locations. Potential franchisees should investigate the reasons behind the closures and assess the overall health and stability of the franchise system before investing.