Franopolis
    JHvsUM

    Franchise opportunities compared

    Joe Homebuyer 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.

    JHJoe Homebuyer2025 FDDUMUpper Midwest Realty2026 FDD

    Initial investment · Item 7

    Joe Homebuyer

    $131,200 – $444,500

    2025 FDD · Item 7

    Upper Midwest Realty

    $60,800 – $209,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Joe Homebuyer

    Not available

    Upper Midwest Realty

    Not available

    Royalty · Item 6

    Joe Homebuyer

    Not available

    Upper Midwest Realty

    Not available

    Before you compare

    • Joe Homebuyer figures come from its 2025 FDD and Upper Midwest Realty figures from its 2026 FDD, so the years differ.
    • Joe Homebuyer and Upper Midwest Realty disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Joe Homebuyer has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Joe Homebuyer

    $131,200 – $444,500
    2025 FDD · Item 7

    Upper Midwest Realty

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

    Joe Homebuyer

    Not available
    No single standard fee identified

    Upper Midwest Realty

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

    Joe Homebuyer

    Not available
    No reviewed royalty record

    Upper Midwest Realty

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

    Joe Homebuyer

    $200
    National Advertising Fee, current
    2025 FDD · Item 6 · PDF p. 12

    Upper Midwest Realty

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Joe Homebuyer

    128
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 60

    Upper Midwest Realty

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

    Joe Homebuyer

    +6
    Calculated: 122 at end of 2022 → 128 at end of 2024

    Upper Midwest Realty

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

    Joe Homebuyer

    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)

    Joe Homebuyer

    Not available
    Not in reviewed records

    Upper Midwest Realty

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

    Joe Homebuyer

    Not available
    Not in reviewed records

    Upper Midwest Realty

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    JHJoe Homebuyer
    Locations counted not stated in the reviewed record — Franchise outlets
    49 outlets
    other Excluded outlets
    2025 FDD · Item 19 · PDF p. 54
    Locations counted not stated in the reviewed record — 39 reporting franchise outlets
    $2,605,112
    other High net sales
    2025 FDD · Item 19 · PDF p. 55
    Locations counted not stated in the reviewed record — 39 franchise outlets plus one Utah affiliate
    $558,573
    other net sales including Utah affiliate
    2025 FDD · Item 19 · PDF p. 55
    +1 more groups in the full report
    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.

    Joe Homebuyer vs Upper Midwest Realty: common questions

    Which costs less to open, Joe Homebuyer or Upper Midwest Realty?
    Joe Homebuyer: $131,200 – $444,500 (2025 FDD · Item 7); 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 Upper Midwest Realty. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Joe Homebuyer or Upper Midwest Realty?
    Joe Homebuyer: 128 (2025 FDD · Item 20 · PDF p. 60); 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 Joe Homebuyer and Upper Midwest Realty disclose financial performance (Item 19)?
    Joe Homebuyer has reviewed Item 19 figures for 4 location groups; 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

    JH

    Full Joe Homebuyer 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

    Plain-language meaning of each Item