La Rosa Holdings acquires Franchisee CW Properties to expand real estate brokerage network
La Rosa Holdings Corp. (NASDAQ: LRHC), a dynamic holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, announced its 100% acquisition of the franchisee, La Rosa Realty CW Properties, LLC (“CW Properties”), located in Longwood, Florida. This acquisition is a strategic move to expand the company’s presence in the real estate sector.
CW Properties: A Profitable Addition to La Rosa’s Portfolio
CW Properties, known for its residential and commercial real estate brokerage services, reported a revenue of $3.4 million and positive net income in 2022. The franchisee also offers coaching and support services to agents, adding value to La Rosa’s diverse service offerings.
La Rosa Holdings Corp. Targets Aggressive Expansion, Adds CW Properties to Its Growing List of Acquisitions
CEO Joe La Rosa on Strategic Expansion and Revenue Goals
Joe La Rosa, CEO of La Rosa Holdings, shared insights into the company’s growth strategy. The acquisition of CW Properties marks the third real estate brokerage franchisee purchase this year, with plans to acquire nine more franchisees in the coming months. La Rosa Holdings is also actively evaluating additional acquisitions to enhance its top-line and bottom-line growth.
La Rosa’s Ambitious Revenue Target and Return to Profitability
Aiming for an annualized revenue run rate of $100 million by the end of 2024, La Rosa Holdings is confident in its infrastructure’s capacity to support a significantly larger agent count. Despite new costs and overhead as a public company, the firm is optimistic about returning to profitability, buoyed by projected revenue growth and a robust business model.
About La Rosa Holdings Corp.
La Rosa Holdings operates five agent-centric, technology-integrated, cloud-based real estate segments. It offers residential and commercial brokerage services, franchising, brokerage education, coaching, and property management. With 10 corporate real estate brokerage offices and 26 franchised offices across six states and Puerto Rico, La Rosa staffs over 2,470 licensed real estate professionals, positioning itself as a key player in the real estate industry.