Nick Yates

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Nick Yates
Known forVending entrepreneur, Generation NEXT Franchise Brands

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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.


  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". Retrieved 3 April 2018.
  6. ^ "California Department of Business Oversight" (PDF).
  7. ^ "California Assignment for the Benefit of Creditors".

External links[edit]