What was the net change in the total number of Hydrodog outlets in 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, the net change in the total number of Hydrodog outlets in 2023 was -1. This means that the total number of Hydrodog outlets decreased by one during that year. Specifically, the number of franchised outlets decreased by one, while the number of company-owned outlets remained the same. At the start of 2023, there were 19 franchised outlets and 0 company-owned outlets, totaling 19. By the end of 2023, there were 18 franchised outlets and 0 company-owned outlets, totaling 18.
This decrease in franchised outlets may be a point of interest for potential franchisees. It is important to investigate the reasons behind this decrease, such as closures, terminations, or non-renewals. Understanding the factors that contributed to this net change can provide valuable insights into the health and stability of the Hydrodog franchise system.
Prospective franchisees should inquire with Hydrodog about the specific reasons for the decrease in franchised outlets during 2023. This information, combined with a review of Item 20 in the FDD and conversations with current franchisees, will help potential franchisees assess the risks and opportunities associated with investing in a Hydrodog franchise.