NextBoat's Autograph Yacht Brokerage Grows 41%
NextBoat, formerly Off The Hook YS, announced "strong" growth from its Autograph yacht brokerage division reflecting continued growth in transaction volume, gross sales, new listings, and team expansion. During the second quarter, Autograph facilitated 31 yacht transactions, up from 22 in the first quarter, representing a 41% increase in deal activity. Gross sales volume increased by approximately $43M during the quarter, while Autograph trade activity reached $23.3M, contributing to total transaction volume that nearly doubled the approximately $35M achieved during the first quarter. "Our second quarter results demonstrate the strength of our platform, our brokers, and our commitment to innovation within the yacht brokerage industry," said Mike Burke, President of Autograph Yacht Group. "What makes these results particularly meaningful is that we achieved them while building the business from the ground up. We began with no offices, a small team of seven brokers, and limited infrastructure. Today, we have established a scalable platform with multiple offices, experienced support staff, advanced marketing capabilities, and growing market presence."
