On Wednesday, La Rosa Holdings Corp (NASDAQ: LRHC) announced that it had completed an acquisition transaction and now holds a 100% interest in its franchisee La Rosa Realty Beaches LLC (Realty Beaches), located in Fort Lauderdale, Florida. The financial terms of the transaction remain undisclosed.
Realty Beaches achieved trailing twelve-month (TTM) revenues of roughly $2.7 million and reported positive net income as of November 30, 2024.
With a team of over 90 agents, Realty Beaches specializes in a comprehensive range of residential and commercial real estate brokerage services.
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Additionally, it offers coaching and support services to agents on a fee basis, further enhancing their professional development and success.
La Rosa chief Joe La Rosa expects the acquisition to fuel revenue growth and enhance margins by capitalizing on improved operating efficiencies and economies of scale.
He added that La Rosa empowers agents with the freedom to choose between a revenue-sharing model or a 100% commission, flat-fee structure.
La Rosa expects an annualized revenue run rate of $100 million by the end of 2024, backed by operational scaling, diversified revenue streams, and new agent integrations. It expects profitability by 2025.
Price Action: LRHC stock closed higher by 1.20% at $0.7590 on Tuesday.
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