La Rosa Acquires Real Estate Brokerage Franchisee with Audited Revenue in Excess of $9.8 Million and Positive Net Income in 2022
16 Octobre 2023 - 3:00PM
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
companies, today announced that it has acquired a controlling
interest in the Company’s franchisee - La Rosa Realty Lake Nona,
Inc. (“Lake Nona”) located in Orlando, Florida.
Lake Nona generated revenue in excess of $9.8
million and positive net income in 2022. The franchisee provides
residential and commercial real estate brokerage services. It also
provides coaching and support services to agents on a fee
basis.
“We are excited to welcome the franchisee into
the corporate organization,” said Joe La Rosa, CEO of La Rosa
Holdings Corp. “We believe that not only does this acquisition
expand our footprint in Florida, but it will also increase our top
line revenue. With future planned franchisee acquisitions, we
expect both our top line and bottom line to improve considerably as
our current infrastructure is set up to support five times our
current agent count. We have a brokerage model which is agent
centric with 100% commission. In our view, our agent-centric
commission model enables our sales agents to obtain higher net
commissions than they would otherwise receive from many of our
competitors in our local markets. We provide our real estate
brokers and sales agents who are seeking financial independence
with a turnkey solution and support them in growing their
brokerages while they fund their own businesses. This enables us to
maintain a low fixed-cost business model with several recurring
revenue streams, yielding relatively high margins and cash flow.
Moreover, we believe that our proprietary technology, training, and
the support that we provide to our agents at a minimal cost to them
is one of the best offered in the industry. Our strategy is to
drive exponential growth to capitalize on the changing agency model
trends occurring in the industry.”
About La Rosa Holdings Corp.
La Rosa is a holding company for five
agent-centric, technology-integrated, cloud-based, multi-service
real estate companies. In addition to providing person-to-person
residential and commercial real estate brokerage services to the
public, the Company cross-sells ancillary technology-based products
and services primarily to its sales agents and the sales agents
associated with their franchisees. La Rosa’s business is organized
based on the services they provide internally to their agents and
to the public, which are residential and commercial real estate
brokerage, franchising, real estate brokerage education and
coaching, and property management. La Rosa has six La Rosa Realty
corporate real estate brokerage offices located in Florida, 27 La
Rosa Realty franchised real estate brokerage offices in six states
in the United States and Puerto Rico. The Company’s real estate
brokerage offices, both corporate and franchised, are staffed with
more than 2,380 licensed real estate brokers and sales
associates.
For more information, please visit:
https://www.larosaholdings.com
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, 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 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 headings “Risk Factors” and elsewhere in documents that
we file from time to time with the SEC. Forward-looking statements
contained in this press release are made only as of the date
of the 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 is not 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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