Off The Hook Yachts Featured in New York Post Article: From Start-Up to New York Stock Exchange
Globenewswire·2026-01-28 13:30

Core Insights - Off The Hook YS Inc. has successfully transformed from a college side hustle into America's largest pre-owned boat company, now valued at $68 million [1][2] Business Growth and Financials - The company raised $15 million in its IPO and currently purchases approximately $100 million worth of used boats annually, positioning itself as the "Carvana for boats" [2] - Off The Hook has expanded its buying power to $60 million and is breaking sales records even in uncertain markets [3] Technology and Operations - The company utilizes an AI-powered platform that enables rapid matching of buyers and sellers, often closing deals within a day [2] - Off The Hook turns its inventory about five times per year, significantly above industry norms, and offers in-house financing, inspections, and closing services [2][4] Future Plans and Market Position - The company plans to open a new headquarters in Florida and aims to scale its workforce to 1,000 employees by 2027 [3] - Off The Hook operates within a $57 billion marine market, leveraging a vertically integrated model that includes various services such as financing and asset recovery [4]

Off The Hook Yachts Featured in New York Post Article: From Start-Up to New York Stock Exchange - Reportify