Off The Hook YS Inc. Announces New Office Development
Off The Hook YS Inc. (NYSE American: OTH) has proudly announced the establishment of a new office location in Jupiter, Florida. This exciting development will serve as the headquarters for Autograph Yacht Group (AYG), a newly minted luxury brokerage division headed by industry expert Mike Burke. With the creation of this facility, Off The Hook seeks to fortify its presence in one of the busiest yachting markets in the country.
Facility Features and Advantages
The new Jupiter site will encompass spacious office areas alongside six on-site boat slips, ensuring seamless access and storage for the company's impressive inventory. Current construction is well underway, focusing on modernization to meet the growing demands of their clientele.
Timeline for Completion
CEO Brian S. John expressed optimism about the new office's launch, stating, “We expect the build-out of this location to be completed and move-in ready at the start of 2026. The site will also feature six boat slips dedicated to housing some of our finest inventory.”
About Off The Hook Yachts
Founded in 2012 by Jason Ruegg, Off The Hook Yachts has quickly become one of the largest transactions brokers for pre-owned boats in the United States. The company's headquarters are situated in Wilmington, North Carolina, with operational reach extending throughout the East Coast and down to South Florida. Off The Hook boasts an impressive annual acquisition of over $100 million in boats and yachts. Utilizing advanced AI-assisted valuation tools alongside a data-driven sales platform, the company enhances the speed and clarity of yacht transactions, all supported by a robust network of offices and marinas focused on brokerage, wholesale, and performance yacht sales.
Innovative Approaches to Yacht Sales
The commitment to leveraging technology underscores Off The Hook's dedication to transparency and efficiency in the yacht sales process. This innovation positions them as a leader in the luxury yacht marketplace, appealing to discerning clients seeking high-quality vessels.
Why This Expansion Is Important
With the growing interest in yachting and luxury lifestyles, the new office in Jupiter represents a strategic move to capitalize on lucrative market opportunities. By establishing a physical presence in Florida, Off The Hook YS Inc. plans to enhance client relations and improve service delivery, setting the stage for future growth.
What This Means for Customers
For customers, this new office signifies enhanced accessibility to premium yacht brokerage services. The addition of boat slips provides an added benefit of easier viewing and inventory management. This streamlined approach ensures that clients receive exceptional service tailored to their specific needs.
Contact Information for Inquiries
Inquiries concerning this announcement can be addressed to Abigail Lafferty, who can be reached at abigail@pantelidespr.com or by phone at (561) 374-0513.
Frequently Asked Questions
What is the purpose of the new office in Florida?
The new office will serve as the headquarters for Autograph Yacht Group and is essential for enhancing the company’s luxury brokerage division.
Who is leading the new brokerage division?
Mike Burke, an industry veteran, will lead the new luxury brokerage division, Autograph Yacht Group.
What features does the new facility include?
The facility will include office space and six on-site boat slips, improving inventory access and storage solutions for customers.
When is the new office expected to open?
The office is anticipated to be completed and ready for move-in at the beginning of 2026.
How does Off The Hook support its yacht sales?
Off The Hook utilizes AI-assisted valuation tools and a data-driven sales platform to facilitate efficient and transparent yacht transactions.
