La Rosa Acquires Seventh Real Estate Brokerage Franchisee with Revenue of $1.4 Million and Positive Cash Flow in 2023
La Rosa Holding Company (LRHC)
Company Research
Source: GlobeNewswire
Celebration, FL , Feb. 22, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has acquired a 100% interest in the Company’s franchisee - La Rosa Realty Winter Garden LLC (“Winter Garden”) located in Winter Garden, Florida. Winter Garden generated revenue of $1.4 million and generated positive cash flow from operations. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis. Joe La Rosa, CEO of the Company, commented, “As part of our de-franchising strategy we continue to acquire franchisees that have achieved strong top-line revenue growth, agent growth and positive net income. We have additional franchisees that we have entered into LOIs with, in addition to two ancillary services companies that we are al
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LRHC
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form S-1
- 4/24/24 - Form 8-K
- LRHC's page on the SEC website