What was the net change in the number of franchised Hydrodog outlets during 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 |
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 franchised outlets during 2023 was -1. This means that Hydrodog had one fewer franchised location at the end of 2023 than it did at the beginning of the year. Specifically, the number of franchised Hydrodog locations decreased from 19 at the start of 2023 to 18 by the end of the year.
This decrease could be due to several factors, such as franchise terminations, non-renewals, or re acquisitions by Hydrodog. However, the table indicates that there were 3 outlets opened and 4 terminations during 2023. This information is valuable for prospective franchisees as it provides insight into the stability and growth of the Hydrodog franchise system. A decrease in the number of franchised outlets may signal potential challenges or areas of concern within the franchise.
It's important to note that while the net change provides a general overview, it doesn't reveal the complete picture of outlet activity. For example, Hydrodog opened 3 new franchised outlets during 2023, while also closing or otherwise losing 4 franchised locations. Reviewing the number of openings and closures alongside the net change provides a more comprehensive understanding of the franchise's performance and trends. Prospective franchisees should investigate the reasons behind any closures and evaluate the overall health of the franchise system before investing.