La Rosa Acquires Tenth Real Estate Brokerage Franchisee with Revenue of $4.7 Million and Positive Net Income in 2023
La Rosa Holding Company (LRHC)
Company Research
Source: GlobeNewswire
Brokerage Ranked Number Two for The Highest Agent Count and Number Three in Real Estate Sales in Polk County, Florida in 2023 Reaffirms target anticipated to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, April 25, 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 completed an acquisition transaction and now holds a 51% interest in the Company’s franchisee - La Rosa Realty Lakeland LLC (DBA La Rosa Realty Prestige) (“Prestige”), located in Lakeland, Florida with a separate branch in Winter Haven, Florida. Prestige generated revenue of $4.7 million and had positive net income in 2023. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis. Joe
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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