What was the total number of Hydrodog outlets at the end of 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, at the end of 2023, there were a total of 18 franchised outlets and zero company-owned outlets, making for a total of 18 Hydrodog outlets. This represents a net decrease of one outlet during 2023. At the start of 2023, there were 19 franchised outlets. During 2023, Hydrodog opened 3 new outlets, but also closed 4.
It is important to note the distinction between franchised and company-owned outlets, as this can impact the support and resources available to franchisees. Company-owned stores may serve as training locations or test markets for new products or strategies. The fact that Hydrodog had no company-owned stores in 2023 could mean that franchisees rely solely on the franchisor for support.
Prospective franchisees should pay close attention to outlet trends, including openings, closures, and transfers, as these can be indicators of the overall health and stability of the franchise system. A decrease in the number of outlets, as seen with Hydrodog in 2023, may warrant further investigation into the reasons behind the closures and the franchisor's plans for future growth.