What payments must be current for a Hydrodog franchisee to transfer their business?

According to Hydrodog's 2025 Franchise Disclosure Document, a franchisee must be current on all financial obligations to transfer their business. Specifically, the franchisee must have paid all Royalties, Marketing Fund Fees, contributions, amounts owed for purchases from Hydrodog, and all other amounts owed to Hydrodog or to third-party creditors.

This requirement ensures that Hydrodog maintains a healthy financial relationship with its franchisees and that any transfer of ownership does not negatively impact the brand's revenue streams. It also protects third-party creditors who have extended credit to the franchisee based on their affiliation with Hydrodog.

In addition to these payments, the franchisee must also have submitted all required reports and statements to Hydrodog. This ensures that Hydrodog has access to accurate and up-to-date information about the franchisee's business operations, which is essential for maintaining the integrity of the franchise system. Prospective franchisees should be aware of these requirements and ensure they maintain accurate records of all payments and submissions to Hydrodog to facilitate a smooth transfer process if they choose to sell their business.