La Rosa Holdings Corp. Acquires Real Estate Brokerage Franchisee with Approx. $2.7 Million in Revenue for Trailing Twelve Months and Positive Net Income as of November 30, 2024
08 Janeiro 2025 - 11:00AM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for six agent-centric,
technology-integrated, cloud-based, multi-service real estate
segments, today announced that it has completed an acquisition
transaction and now holds a 100% interest in the Company’s
franchisee- La Rosa Realty Beaches LLC (“Realty Beaches”), located
in Fort Lauderdale, Florida.
Realty Beaches achieved trailing twelve-month
(TTM) revenues of approx. $2.7 million and reported positive net
income as of November 30, 2024. Realty Beaches specializes in a
comprehensive range of residential and commercial real estate
brokerage services. Additionally, it offers coaching and support
services to agents on a fee basis, further enhancing their
professional development and success.
Joe La Rosa, CEO of La Rosa, commented, “This
acquisition is expected to fuel revenue growth and enhance margins
by capitalizing on improved operating efficiencies and economies of
scale as it becomes integrated into La Rosa. With a team of over 90
agents, Realty Beaches presents a substantial growth opportunity.
We provide agents with a distinctive value proposition that
combines flexibility, robust support, and profitability. Unlike
traditional brokerages that can be burdened by high-cost
structures, we empower agents with the freedom to choose between a
revenue-sharing model or a 100% commission, flat-fee structure,
allowing them to tailor their compensation to align with their
individual business objectives. We believe that our streamlined
operating model enables us to deliver exceptional value at a lower
cost, positioning us as an appealing choice for agents seeking to
maximize their income and advance their careers. By equipping
agents with the tools, support, and flexibility they need, we aim
at redefining success in the real estate industry.”
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is
disrupting the real estate industry by offering agents a choice
between a revenue share model or an annual fee-based model with
100% agent commissions. Leveraging its proprietary technology
platform, La Rosa empowers agents and franchisees to deliver
top-tier service to their clients. The Company provides both
residential and commercial real estate brokerage services and
offers technology-based products and services to its sales agents
and franchise agents.
La Rosa's business model is structured around
internal services for agents and external services for the public,
including residential and commercial real estate brokerage,
franchising, real estate brokerage education and coaching, and
property management. The Company has 26 La Rosa Realty corporate
real estate brokerage offices and branches located in Florida,
California, Texas, Georgia, North Carolina and Puerto Rico. The
Company also has 6 La Rosa Realty franchised real estate brokerage
offices and branches and 3 affiliated real estate brokerage offices
in the United States and Puerto Rico. Additionally, the
Company has a full-service escrow settlement and title company in
Florida.
For more information, please
visit: https://www.larosaholdings.com. Stay connected with La
Rosa, sign up for news alerts
here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company's ability to achieve profitable operations, our ability
to successfully integrate acquisitions into our business
operations, customer acceptance of new services, the demand for the
Company’s services and the Company’s customers' economic condition,
the impact of competitive services and pricing, general economic
conditions, the successful integration of the Company’s past and
future acquired brokerages, the effect of the recent National
Association of Realtors' landmark settlement on our business
operations, and other risk factors detailed in the Company's
filings with the United States Securities and Exchange Commission
(the "SEC”). You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the heading “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2023,
and other reports and documents that we file from time to time with
the SEC, including our Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2024. Forward-looking statements
contained in this press release are made only as of the date of
this press release, and La Rosa does not undertake any
responsibility to update any forward-looking statements in this
release, except as may be required by applicable law. References
and links to websites have been provided as a convenience, and the
information contained on such websites has not been incorporated by
reference into this press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020
Email: LRHC@crescendo-ir.com
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