La Rosa Acquires Seventh Real Estate Brokerage Franchisee With Revenue Of $1.4M And Positive Cash Flow In 2023; Financial Terms Of The Transaction Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
La Rosa Holdings Corp. (LRHC) has acquired its seventh real estate brokerage franchisee, La Rosa Realty Winter Garden LLC, with a revenue of $1.4M and positive cash flow in 2023. The acquisition is part of La Rosa's de-franchising strategy aimed at achieving an annual revenue run rate of $100 million by the end of 2024 and becoming profitable by early 2025. The company's unique business model offers real estate agents a revenue share or an annual fee-based model with 100% commissions, contributing to its growth in agent count.
February 22, 2024 | 1:16 pm
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La Rosa Holdings Corp. (LRHC) has acquired La Rosa Realty Winter Garden LLC, marking its seventh franchisee acquisition. This move is part of its strategy to de-franchise and achieve significant revenue growth, with a target annual revenue run rate of $100 million by the end of 2024 and profitability by early 2025.
The acquisition of La Rosa Realty Winter Garden LLC is directly aligned with La Rosa Holdings Corp.'s strategic growth plans. By expanding its portfolio and implementing a disruptive business model, LRHC is likely to see an increase in its stock price in the short term. The company's clear path towards significant revenue growth and profitability, as well as its innovative approach to real estate brokerage, positions it favorably in the market.
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