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    Franchise opportunities compared

    Coldwell Banker Real Estate LLC vs Upper Midwest Realty

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Coldwell Banker Real Estate LLC2026 FDDUMUpper Midwest Realty2026 FDD

    Initial investment · Item 7

    Coldwell Banker Real Estate LLC

    $37,050 – $553,700

    2026 FDD · Item 7 · PDF p. 37

    Upper Midwest Realty

    $60,800 – $209,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Coldwell Banker Real Estate LLC

    $20,000

    2026 FDD · Item 5 · PDF p. 30

    Upper Midwest Realty

    Not available

    Royalty · Item 6

    Coldwell Banker Real Estate LLC

    $7,500

    2026 FDD · Item 6 · PDF p. 31

    Upper Midwest Realty

    Not available

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Upper Midwest Realty discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only neither brand has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Coldwell Banker Real Estate LLC

    $37,050 – $553,700
    Conversion office — total investment: $37,050 - $553,700
    2026 FDD · Item 7 · PDF p. 37

    Upper Midwest Realty

    $60,800 – $209,000
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Coldwell Banker Real Estate LLC

    $20,000
    2026 FDD · Item 5 · PDF p. 30

    Upper Midwest Realty

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Coldwell Banker Real Estate LLC

    $7,500
    ees paid each quarter are less than $7,500, difference between Royalty Fees paid and — 7500
    2026 FDD · Item 6 · PDF p. 31

    Upper Midwest Realty

    Not available
    No reviewed royalty record
    Brand / advertising fund (Item 6)

    Coldwell Banker Real Estate LLC

    $621/mo
    Commercial Marketing Fund — “CMF”) Fees 2% of Gross Revenue monthly with a minimum of — 621
    2026 FDD · Item 6 · PDF p. 32

    Upper Midwest Realty

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Coldwell Banker Real Estate LLC

    1,814
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 70

    Upper Midwest Realty

    518
    Outlets at end of 2024
    2026 FDD · Item 20 · PDF p. 33
    Net outlet change (Item 20)

    Coldwell Banker Real Estate LLC

    −178
    Calculated: 1,992 at end of 2022 → 1,814 at end of 2024

    Upper Midwest Realty

    −74
    Calculated: 592 at end of 2022 → 518 at end of 2024
    Outlet exits (Item 20)

    Coldwell Banker Real Estate LLC

    Not available
    No complete exit records for a year

    Upper Midwest Realty

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Coldwell Banker Real Estate LLC

    1982
    From a verified franchisor listing

    Upper Midwest Realty

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Coldwell Banker Real Estate LLC

    Not available
    Not in reviewed records

    Upper Midwest Realty

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Coldwell Banker Real Estate LLC

    Not disclosed — no Item 19 financial performance representation

    UMUpper Midwest Realty

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Coldwell Banker Real Estate LLC vs Upper Midwest Realty: common questions

    Which costs less to open, Coldwell Banker Real Estate LLC or Upper Midwest Realty?
    Coldwell Banker Real Estate LLC: $37,050 – $553,700 (2026 FDD · Item 7 · PDF p. 37); Upper Midwest Realty: $60,800 – $209,000 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Coldwell Banker Real Estate LLC. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Coldwell Banker Real Estate LLC or Upper Midwest Realty?
    Coldwell Banker Real Estate LLC: 1,814 (2025 FDD · Item 20 · PDF p. 70); Upper Midwest Realty: 518 (2026 FDD · Item 20 · PDF p. 33). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Coldwell Banker Real Estate LLC and Upper Midwest Realty disclose financial performance (Item 19)?
    Coldwell Banker Real Estate LLC makes no Item 19 financial performance representation; Upper Midwest Realty makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Coldwell Banker Real Estate LLC report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    UM

    Full Upper Midwest Realty report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

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