Nick Yates is an Australian vending entrepreneur and businessman who is currently[when?] living and doing business in the United States.
Nick Yates | |
|---|---|
| Nationality | Australian |
| Known for | Vending entrepreneur, Generation NEXT Franchise Brands |
| Website | Official website |
Business history edit
On February 8, 2010, Yates formed a vending machine franchise called Fresh Healthy Vending in San Diego. Fresh Healthy Vending has been active in providing healthy vending products to schools, as encouraged by the Healthy, Hunger-Free Kids Act of 2010,[1] which placed a prohibition on high-calorie junk food in school vending machines.[2] In 2010 Fresh Healthy Vending became a publicly traded company trading under the stock symbol VEND. Fresh Healthy Vending was nominated by both Entrepreneur and Inc magazine.[3]
Fresh Healthy Vending failed to disclose Yates' 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.[4]
Yates was the chairman of Generation NEXT Franchise Brands, a San Diego-based franchisor whose franchises include Reis & Irvy's,[5] 19 Degrees Frozen Yogurt and Generation NEXT Vending Robots Inc.[6][7] Nick Yates' Reis & Irvy's frozen yogurt vending machines accept cryptocurrency.[8] Yates resigned from Generation Next in October 2019[9]
In September 2022 Nick Yates launched 99 Innovations a new robotic soft-serve vending kiosk company. The multi-tiered model allows established vending industry operators, food service companies, and business owners access to robotic soft-serve equipment.[10][11][12]
References edit
- ^ "Healthy Hunger-Free Kids Act of 2010". U.S. Department of Agriculture. Archived from the original on 28 April 2014. Retrieved 8 June 2013.
- ^ "New USDA rules would remove junk food from school vending machines". CBS News. 1 February 2013. Retrieved 8 June 2013.
- ^ "Fresh Healthy Vending International, Inc. Tops List of Vending Franchises on Entrepreneur Magazines 2015 Franchise 500". finance.yahoo.com. Retrieved 28 December 2022.
- ^ "The California Corporations Commissioner v. Fresh Healthy Vendig, LLC" (PDF). The Department of Financial Protection and Innovation. 18 March 2013. Archived from the original (PDF) on 2 January 2020. Retrieved 24 November 2022.
- ^ Gia Liu (30 March 2018). "Reis & Irvy's robotic frozen yogurt machine to be released in April". Digital Trends. Retrieved 3 April 2018.
- ^ "Healthy Vending launched first dedicated online portal by to offer only healthy snacks and drinks". The Age. 13 June 2004.
- ^ Kate Taylor (26 September 2013). "High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth". NBC News. Entrepreneur. Retrieved 20 February 2014.
- ^ Michael Scott (26 March 2018). "The Crypto of Frozen Yogurt: Reis and Irvy's Bold Bet". Blockchain Beach. Retrieved 3 April 2018.
- ^ "Ryan Polk Named Chairman of the Board at Generation Next" (Press release). Generation Next Franchise Brands. 8 October 2019. Archived from the original on 3 June 2021. Retrieved 24 November 2022 – via GlobeNewsWire.
- ^ Bandoim, Lana. "Robotic Vending Machines Want To Feed You Frozen Yogurt". Forbes. Retrieved 28 December 2022.
- ^ "Meet 3 Innovative Tech Entrepreneurs Who Are Changing The Game - Maxim". www.maxim.com. 10 May 2019. Retrieved 28 December 2022.
- ^ "This Robot Can Make You a Customized Frozen Yogurt". Cheddar. Retrieved 28 December 2022.