La Rosa Acquires Real Estate Brokerage Franchisee in California
2024年3月20日 - 9:00PM
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
segments, today announced that it has completed an acquisition
transaction and now holds a 51% interest in the Company’s
franchisee - La Rosa Realty California LLC (“La Rosa California”),
located in Hayward, California, with a separate branch in Los
Angeles, California.
The acquisition comes as part of La Rosa's
strategic expansion plan and brings its previously announced La
Rosa’s Ultimate Plan to California. The Ultimate Plan is a
four-level revenue share model intended to create a sustainable and
lucrative income stream for real estate professionals. This model
allows agents to generate earnings not only from their direct
referrals but also from the referrals brought in by their
recruits.
Joe La Rosa, CEO of the Company, commented, “We
believe that California’s dynamic real estate market presents
exciting opportunities for growth and expansion. In California,
home prices have surged by 11.4% year-over-year as of February
2024, reflecting market demand. Despite this surge in prices, the
number of homes sold has increased by 8.1% year-over-year as of
February 2024, indicating a competitive market environment. We
remain committed to enhancing our service offerings and
strengthening our position in the real estate industry. We believe
that our Ultimate Plan offers unparalleled opportunities for agents
to thrive and succeed in the competitive real estate market. With
the strength of our innovative offerings and the expertise of our
dedicated agents, we believe that we are well positioned to
capitalize on the opportunities presented by California's real
estate market. We anticipate that our accretive roll-up strategy
will propel us towards achieving our annualized revenue run rate
target of $100 million by the end of 2024, with the expectation of
attaining profitability in 2025.”
About La Rosa Holdings
Corp.
La Rosa is a holding company for five
agent-centric, technology-integrated, cloud-based, multi-service
real estate segments. 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.
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, 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)
671-1020Email: LRHC@crescendo-ir.com
La Rosa (NASDAQ:LRHC)
過去 株価チャート
から 4 2024 まで 5 2024
La Rosa (NASDAQ:LRHC)
過去 株価チャート
から 5 2023 まで 5 2024