Correction: La Rosa Acquires Real Estate Brokerage Franchisee in Georgia with Revenue of $3.4 Million in 2023
La Rosa Holding Company (LRHC)
Company Research
Source: GlobeNewswire
Eighth franchisee that has been acquired since IPO Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, March 13, 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 51% interest in the Company’s franchisee - La Rosa Realty Georgia LLC (“La Rosa Georgia”), located in Gainesville and Alpharetta, Georgia. La Rosa Georgia generated revenue of $3.4 million and reached break-even 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 La Rosa, CEO of the Company, commented, “As reported by Zillow, Atlanta, Georgia, is predicted to be one of the hottest housing markets in 2024. Specifically, they expect At
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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