YS Announces New Office Development in Florida
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2025
0mins
Source: SeekingAlpha
New Office Location: Off The Hook YS has confirmed the development of a new headquarters in Jupiter, Florida, which will also serve as the base for the Autograph Yacht Group, a luxury brokerage division led by Mike Burke.
Facility Features: The new site will include office space, six on-site boat slips for inventory access and storage, and is expected to be completed and ready for move-in by early 2026, according to CEO Brian S. John.
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About OTH
Off The Hook YS Inc. is a marine wholesaler company. The Company is engaged in yacht and boat dealerships specializing in the buying, selling, and wholesaling of yachts and boats. The Company operates two segments: dealerships and financing services. The dealership segment engages in the sale of new and pre-owned boats, arranges financing and insurance products, provides warranty sales, and offers slip and storage accommodation in certain locations. The financing service segment engages in providing financing products to individuals for marine, aviation and recreational vehicle purchases. Its products and services include Yacht and Boat Sales, New Boat Sales, WeBuyBoats.com - Instant Boat Offers, Financing Solutions - Azure Funding, Servicing and Maintenance - OTH Yacht Services, Asset Recovery and Repossession - Marine Asset Recovery (MAR), and Marina Acquisitions and Storage Solutions. Azure Funding provides a range of financing options for recreational boat buyers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
From College Side Hustle to $68M Public Company
- Founder Success Story: Founder Jason Ruegg transformed a simple side hustle into Off The Hook Yachts, America's largest pre-owned boat seller, successfully going public and raising $15 million while acquiring approximately $100 million worth of used boats annually, positioning the company as the 'Carvana for boats.'
- Tech-Driven Fast Inventory Model: Off The Hook's AI platform rapidly matches buyers and sellers, often closing deals within a day, and with in-house financing, inspections, and closing services, achieves an inventory turnover rate five times higher than industry norms, significantly enhancing operational efficiency.
- Strong Growth and Profitability: The company has expanded its buying power to $60 million, breaking sales records even in uncertain markets, and plans to open a new headquarters in Florida while scaling to 1,000 employees by 2027, demonstrating robust market resilience.
- Market Leadership: Off The Hook Yachts is transforming the buying, selling, and financing of approximately 1 million used boats annually in the U.S. through its vertically integrated business model, leveraging unique AI systems and a national acquisition strategy to drive rapid growth in the $57 billion marine market.
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Off The Hook YS Inc. Doubles Financing Capacity to $60 Million, Aiming for $140-145 Million Revenue in 2026
- Increased Financing Capacity: Off The Hook YS Inc. has expanded its inventory financing capacity from $25 million pre-IPO to $60 million, enabling the company to acquire high-quality used boats more rapidly to meet accelerating customer demand and support its growth strategy for 2026.
- Accelerated Market Response: The new financing structure allows Off The Hook to offer a broader selection across key geographies and boat categories, increasing the likelihood of customers finding the right boat, thereby enhancing conversion rates and sales velocity, which will further drive company performance.
- AI-Driven Sales Platform: Off The Hook's AI sales platform will expedite the matching and decision-making processes between buyers and sellers, significantly improving sales conversion rates and customer satisfaction, thereby enhancing market competitiveness.
- Vertical Integration Advantage: The company's vertically integrated business model provides multiple value-added services, including customer financing, insurance, and warranties, aimed at improving customer experience and expanding margin opportunities, further solidifying its leadership position in the $57 billion marine market.
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