What was the net change in the number of company-owned Hydrodog outlets during 2022?
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, the net change in the number of company-owned Hydrodog outlets during 2022 was 0. The FDD provides a systemwide outlet summary for the years 2022 to 2024, detailing the number of company-owned outlets at the start and end of each year, as well as the net change.
Specifically, at the start of 2022, there were 0 company-owned Hydrodog outlets. By the end of 2022, the number remained at 0. This indicates that no new company-owned outlets were opened, and no existing ones were closed or sold during that year. The net change is calculated as the difference between the number of outlets at the end of the year and the number at the start of the year.
For prospective franchisees, this information is useful for understanding Hydrodog's corporate growth strategy. The fact that there were no company-owned stores in 2022 suggests that Hydrodog may focus primarily on franchising as its method of expansion, rather than operating its own outlets. However, in 2024, the net change was 1, indicating the opening of a company-owned store.