FranchiseVerdict
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FV-01148·CAUTIONStandard67

Handwritten Collection

Formerly known as Accor

Lodging - Hotels & MotelsFranchising since 2023Website
Investment
$1.4M
39th pct Hotels & Mote…
Avg revenue
7th pct Hotels & Mote…
Royalty
5.0%
7th pct Hotels & Mote…
Units
1
13th pct Hotels & Mote…
SBA default

Bottom line

  • Total investment $1.4M including a $100K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 75/100.
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
ACCOR PME FRANCHISING US INC.
Parent company
Accor SA
Incorporated in
Maryland
HQ
137 National Plaza, Suite 300, Unit 306, National Harbor, MD 20745
Auditor
Forvis Mazars, LLP
Audited financials
Franchisor revenue
$1.1M
vs $261K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Handwritten Collection unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: hospitality
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
Working capital
$
FDD reports $1.0M–$6.0M

Unlevered ROIC · per unit

2%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$101K
EBITDA margin
13.5%
Total invested
$4.9M
Payback
578 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Handwritten Collection franchisees operate boutique hotel or accommodation properties, likely focused on personalized, curated guest experiences with handwritten elements or bespoke service. Daily operations involve guest management, housekeeping, revenue optimization, and local marketing while paying 5% monthly royalties on room revenue to the franchisor.

CEO
Thomas Dubaere
Founded
2023
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$1.4M
All-in to open one unit
Liquid capital
$1.0M – $6.0M
Cash you must have on hand
Franchise fee
$100K
Royalty
5.0%
Percentage of Room Revenue · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
6.5%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
1
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

75
Risk · 0-100
CAUTION75 / 100

This is a high-risk opportunity with a financially distressed franchisor, unproven unit economics, minimal system scale, and zero transparency on profitability metrics.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing Concern status indicates financial distress or viability questions at corporate level
  2. 02MINOROnly 1 unit in system suggests either brand is new/unproven or existing unit(s) have failed
  3. 03MINORNo average revenue or net income disclosure prevents ROI validation and suggests poor unit economics
  4. 04MINORNo territory protection exposes franchisee to direct competition from other franchisees or corporate
  5. 05MEDUnusually high initial investment ($1.375M) with zero disclosed average unit profitability creates extreme risk
  6. 06MINORUnknown growth trajectory with single unit provides no evidence of scalability or market demand
  7. 07MINOR20-year term locks franchisee into long commitment with unproven business model

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Initial term
20 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Owner-operator
Optional
Governing law
New York

Item 11

Training & Operations

Classroom training
294 hrs
On-the-job training
55 hrs
POS system
SilverWare or Oracle Simphony POS
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

21 numbers

Locked
(804) 371-••••
VA
(518) 473-••••
NY
(360) 902-••••
WA

One-time purchase · CSV download · Validation questions included

FDD download

Handwritten Collection · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above