What specific owner attributes does Hydrodog rely on when granting a franchise?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- (g) a Principal Owner of your HydroDog Business Entity (defined as a person with at least a twenty percent (20%) ownership interest in you) must: (i) have management responsibility and authority over the "Business" (defined as your HydroDog Business) on a day-to-day basis; (ii) be actively employed on a full-time basis to manage your HydroDog Business's operations; (iii) be present at your HydroDog Business for at least fifty percent (50%) of the hours your HydroDog Business is open to the public for business; (iv) be bound by our then-current form of Confidentiality Agreement (or other form satisfactory to us); and (v) satisfactorily complete our initial training program and any other training programs we request during the Term; and
- (h) each of your Principal Owners, during the term of this Agreement, will sign and deliver to us our standard form of Principal Owner's Guaranty ("Owner's Guaranty") undertaking to be bound jointly and severally by all provisions of this Agreement and any other agreements between you and us. A copy of our current form of Principal Owner's Guaranty is attached as an Exhibit B to the Franchise Disclosure Document.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, if the franchisee is a business entity, Hydrodog requires a Principal Owner to fulfill specific obligations. A Principal Owner is defined as someone with at least a 20% ownership stake in the Hydrodog business.
These Principal Owners must have management responsibility and authority over the Hydrodog business on a day-to-day basis. They need to be actively employed full-time to manage the business's operations and be present at the Hydrodog location for at least 50% of the hours it is open to the public.
Furthermore, Principal Owners must agree to Hydrodog's Confidentiality Agreement and satisfactorily complete the initial training program, along with any additional training programs that Hydrodog requires during the term of the franchise agreement. Each Principal Owner must also sign Hydrodog's standard form of Principal Owner's Guaranty, which binds them jointly and severally to all provisions of the Franchise Agreement and any other agreements between the franchisee and Hydrodog.