La Rosa Holdings Corp. Acquires 100% Ownership of La Rosa Realty Premier Franchisee with Approx. $2.09 Million in Revenue and Positive Net Income for 2023

Core Viewpoint - La Rosa Holdings Corp. has acquired the remaining 49% interest in La Rosa Realty Premier, LLC, achieving 100% ownership, which is a strategic move to enhance its market presence in Orlando and support its growth strategy [1][3]. Company Overview - La Rosa Holdings Corp. operates in the real estate sector, focusing on agent-centric, technology-integrated, cloud-based services across multiple segments [1][4]. - The company offers a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform to empower agents [4]. Financial Performance - Realty Premier generated approximately $2.09 million in revenue for 2023 and reported positive net income [2]. - The company projects an annualized revenue run rate of $100 million by the end of 2024, with expectations of achieving profitability in 2025 [3]. Strategic Initiatives - The acquisition of Realty Premier is part of a broader growth strategy, with the company also exploring additional acquisition opportunities in the real estate sector [3]. - A Letter of Intent (LOI) has been announced to acquire a real estate brokerage firm with over $19 million in revenue for 2023 and a network of more than 950 agents [3]. Market Presence - La Rosa Holdings has 24 corporate real estate brokerage offices and branches across Florida, California, Texas, Georgia, and Puerto Rico, along with 8 franchised offices and three affiliated offices [5].