Nick Yates

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Nick Yates
NationalityAustralian
Known forVending entrepreneur, Generation NEXT Franchise Brands
Websitegennextbrands.com/about-nick-yates/

Official Website

Official Twitter

Nick Yates is an Australian vending entrepreneur and businessman who is currently living and doing business in the United States.

Yates was the chairman of Generation NEXT Franchise Brands, a San Diego-based franchisor whose franchises include Reis & Irvy's,[1] 19 Degrees Frozen Yogurt, and Generation NEXT Vending Robots Inc.[2][3][4] Nick Yates' Reis & Irvy's frozen yogurt vending machines accept cryptocurrency.[5]

Business history[edit]

On February 8, 2010, Mr. Yates formed a healthy vending machine franchise called Fresh Healthy Vending in San Diego, CA.  Fresh Healthy Vending failed to disclose Mr. Yates's litigation and bankruptcy history in its franchise disclosure documents. As a result, the California Department of Business Oversight revoked Fresh Healthy Vending's ability to sell franchises in California and then ordered the company to offer rescissions to franchisees in that state.[6][7]

Yates left Generation Next in October 2019 and forfeited millions of options. The company subsequently filed for bankruptcy on December 15, 2019.

References[edit]

  1. ^ "Reis & Irvy's robotic frozen yogurt machine to be released in April". Digital Trends. 30 March 2018. Retrieved 3 April 2018.
  2. ^ "Fresh Healthy Vending International, Inc. (VEND) -OTC BB". Yahoo!. Retrieved 20 February 2014.
  3. ^ "Healthy Vending launched first dedicated online portal by to offer only healthy snacks and drinks". The Age. 1. 13 June 2004.CS1 maint: location (link)
  4. ^ Kate Taylor (26 September 2013). "High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth Two franchises are seeing rapid growth by offering consumers convenient and nutritious snacks in high-tech vending machines". NBC News. Entrepreneur. Retrieved 20 February 2014.
  5. ^ "The Crypto of Frozen Yogurt: Reis and Irvy's Bold Bet". www.blockchainbeach.com. Retrieved 3 April 2018.
  6. ^ "California Department of Business Oversight" (PDF).
  7. ^ "California Assignment for the Benefit of Creditors".

External links[edit]