Business
La Rosa Holdings Corp. Acquires Real Estate Brokerage Franchisee with Approx. $2.7 Million in Revenue for Trailing Twelve Months and Positive Net Income as of November 30, 2024
Franchisee has over 90 Agents Celebration, FL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding
About this update from La Rosa Holdings Corp.
[{"type":"text","content":"Franchisee has over 90 Agents\nCelebration, FL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has completed an acquisition transaction and now holds a 100% interest in the Company’s franchisee- La Rosa Realty Beaches LLC (“Realty Beaches”), located in Fort Lauderdale, Florida. Realty Beaches achieved trailing twelve-month (TTM) revenues of approx. $2.7 million and reported positive net income as of November 30, 2024. Realty Beaches specializes in a comprehensive range of residential and commercial real estate brokerage services. Additionally, it offers coaching and support services to agents on a fee basis, further enhancing their professional development and success. Joe La Rosa, CEO of La Rosa, commented, “This acquisition is expected to fuel revenue growth and enhance margins by capitalizing on improved operating efficiencies and economies of scale as it becomes integrated into La Rosa. With a team of over 90 agents, Realty Beaches presents a substantial growth opportunity. We provide agents with a distinctive value proposition that combines flexibility, robust support, and profitability. Unlike traditional brokerages that can be burdened by high-cost structures, we empower agents with the freedom to choose between a revenue-sharing model or a 100% commission, flat-fee structure, allowing them to tailor their compensation to align with their individual business objectives. We believe that our streamlined operating model enables us to deliver exceptional value at a lower cost, positioning us as an appealing choice for agents seeking to maximize their income and advance their careers. By equipping agents with the tools, support, and flexibility they need, we aim at redefining success in the real estate industry.” About La Rosa Holdings Corp. La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage se...