La Rosa Acquires 51% Interest In Fifth Real Estate Brokerage Franchisee With Revenue Of $3.6M And Positive Net Income In 2022
Portfolio Pulse from Benzinga Newsdesk
La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired a 51% interest in its franchisee, La Rosa Realty Orlando, LLC, which generated $3.6 million in revenue and positive net income in 2022. Despite a down market, Realty Orlando increased transactions by 14% in 2023 compared to 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and plans to acquire more franchisees soon.
December 27, 2023 | 2:02 pm
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La Rosa Holdings Corp. acquired a majority stake in a profitable franchisee, Realty Orlando, with a 14% transaction increase in 2023 and aims for significant revenue growth by 2024.
The acquisition of a majority stake in a profitable franchisee with a growing number of transactions indicates a positive outlook for La Rosa Holdings. The company's goal to reach a $100 million revenue run rate by the end of 2024 suggests aggressive growth plans, which could be seen positively by investors. The positive performance of Realty Orlando, even in a down market, adds to the optimistic view. However, the broader market conditions and the execution of the company's acquisition strategy will ultimately determine the impact on the stock price.
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