La Rosa Acquires Real Estate Brokerage Franchisee In California; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
La Rosa has acquired a real estate brokerage franchisee in California, marking its ninth acquisition since its IPO. The acquisition is part of La Rosa's strategy to launch a multi-level revenue share plan in the state, aimed at providing realtors with a new income stream. This move is in line with La Rosa's goal to achieve $100 million in annualized revenue by the end of 2024.
March 20, 2024 | 12:02 pm
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La Rosa's acquisition of a California real estate brokerage franchisee is a strategic move to expand its unique revenue share plan, aiming to boost its growth and achieve a $100 million annualized revenue target by 2024.
The acquisition is directly related to La Rosa's growth strategy and its innovative revenue share plan for realtors in California. This move is expected to positively impact LRHC's growth trajectory and help it reach its revenue target, making it a significant development for investors.
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