FranchiseVerdict
Postcard Cabins logo
FV-02011·AVOIDStandard71

Postcard Cabins

Lodging - Hotels & MotelsFranchising since 2024Website
Investment
$8.5M – $11.6M
60th pct Hotels & Mote…
Avg revenue
7th pct Hotels & Mote…
Royalty
5.0%
7th pct Hotels & Mote…
Units
0
0th pct Hotels & Mote…
SBA default

Bottom line

  • Total investment $8.5M – $11.6M including a $50K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated AVOID with a risk score of 85/100.
  • 18 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
MIF, L.L.C.
Parent company
Marriott International, Inc.
Incorporated in
Delaware
HQ
7750 Wisconsin Avenue, Bethesda, Maryland 20814
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$87.9M
vs $94.4M 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 Postcard Cabins 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
$
FDD Item 7: $8.5M–$11.6M
Working capital
$
FDD reports $50K–$55K

Unlevered ROIC · per unit

1%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$101K
EBITDA margin
13.5%
Total invested
$10.1M
Payback
1198 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

Postcard Cabins franchisees operate vacation cabin rental properties (likely boutique/upscale accommodations) generating revenue through nightly room sales. Franchisees manage booking systems, guest services, facility maintenance, and marketing while paying 5% of gross room revenue to the franchisor. The model depends on tourism demand, property management efficiency, and digital reservation platform performance.

CEO
Anthony Capuano
Founded
2012
FDD year
2024
States available
0

Item 7 · what it costs

The Vitals

Total investment
$8.5M – $11.6M
All-in to open one unit
Liquid capital
$50K – $55K
Cash you must have on hand
Franchise fee
$50K
Royalty
5.0%
Gross Room Sales · 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
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2022
0±0
Franchised units
2023
0
Franchised units
2024
0
Franchised units

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

Item 20 · 5 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 · 5 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

85
Risk · 0-100
AVOID85 / 100

Postcard Cabins presents extreme risk: zero operating units, going concern status, ongoing major litigation, undisclosed financials, and massive capital requirements create a combination suggesting a failed or failing franchise system with significant legal liabilities.

Score breakdown · what drove the 85 / 100 rating

  1. 01HIGHGoing concern status indicates franchisor financial distress and potential inability to support franchisees
  2. 02MINORZero operating units with unknown growth trajectory suggests failed or non-existent franchise system
  3. 03HIGHMajor data security litigation (Starwood breach) and government investigations create ongoing liability exposure for franchisees
  4. 04MINORNo average revenue or net income disclosure prevents ROI validation on $8.5M-$11.6M investment
  5. 05MINORUnprotected territory combined with no unit growth indicates competitive vulnerability and market saturation risk
  6. 06MEDHigh initial investment ($8.5M+) with 5% royalty on undisclosed revenues creates cash flow uncertainty
  7. 07MINORMultiple putative class actions and antitrust disputes involving affiliates suggest systemic operational/legal problems
  8. 08MINOR20-year term locks franchisees into relationship with financially unstable franchisor
  9. 09MINORResort/destination fee display investigations indicate pricing transparency issues affecting customer trust and revenue

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
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
18
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Maryland

Item 11

Training & Operations

Classroom training
111 hrs
On-the-job training
0 hrs
POS system
Marriott designated property management system
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

37 numbers

Locked
(602) 362-••••
AZ
(949) 522-••••
CA
(301) 380-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Postcard Cabins · FDD (2024) PDF

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