Nick Yates

Last updated

Nick Yates
NationalityAustralian
Known forVending entrepreneur, Generation NEXT Franchise Brands
Website Official website

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

Contents

Business history

On 8 February 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

  1. ↑ "Healthy Hunger-Free Kids Act of 2010". U.S. Department of Agriculture. Archived from the original on 28 April 2014. Retrieved 8 June 2013.
  2. ↑ "New USDA rules would remove junk food from school vending machines". CBS News. 1 February 2013. Retrieved 8 June 2013.
  3. ↑ "Fresh Healthy Vending International, Inc. Tops List of Vending Franchises on Entrepreneur Magazines 2015 Franchise 500". finance.yahoo.com. Retrieved 28 December 2022.
  4. ↑ "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.
  5. ↑ Gia Liu (30 March 2018). "Reis & Irvy's robotic frozen yogurt machine to be released in April". Digital Trends. Retrieved 3 April 2018.
  6. ↑ "Healthy Vending launched first dedicated online portal by to offer only healthy snacks and drinks". The Age. 13 June 2004.
  7. ↑ Kate Taylor (26 September 2013). "High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth". NBC News. Entrepreneur. Archived from the original on 25 February 2014. Retrieved 20 February 2014.
  8. ↑ Michael Scott (26 March 2018). "The Crypto of Frozen Yogurt: Reis and Irvy's Bold Bet". Blockchain Beach. Retrieved 3 April 2018.
  9. ↑ "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.
  10. ↑ Bandoim, Lana. "Robotic Vending Machines Want To Feed You Frozen Yogurt". Forbes. Retrieved 28 December 2022.
  11. ↑ "Meet 3 Innovative Tech Entrepreneurs Who Are Changing The Game – Maxim". maxim.com. 10 May 2019. Retrieved 28 December 2022.
  12. ↑ "This Robot Can Make You a Customized Frozen Yogurt". Cheddar. Retrieved 28 December 2022.
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