La Rosa Holdings acquires eleventh real estate brokerage franchisee

La Rosa Holdings announced that it has completed an acquisition transaction and now holds a 51% interest in the Company’s franchisee – La Rosa Realty Success, located in Apopka, Florida. Joe La Rosa, CEO of the Company, commented, “The acquisition of Success is expected to not only increase our revenue but also enhance our margins through improved operating efficiencies and economies of scale as we integrate it into La Rosa. Prior to the acquisition, Success had 33 agents. Concurrent with the acquisition, we added 18 agents, representing a 55% increase. By offering agents a choice between a revenue share model and an annual fee-based model with 100% commissions, we anticipate an accelerated trend of agents moving from traditional high-cost brokerages to our more efficient, high-value model. We continue to grow revenue organically, and as we continue acquiring franchisees, we expect significant additional contributions to our revenue growth throughout 2024. We believe that we are well on our way towards achieving our target of an annualized revenue run rate of $100 million by the end of 2024, with profitability expected in 2025.”