Nick Yates

For the badminton player, see Nick Yates (badminton).

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

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

Business history

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

  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". www.maxim.com. 10 May 2019. Retrieved 28 December 2022.
  12. ^ "This Robot Can Make You a Customized Frozen Yogurt". Cheddar. Retrieved 28 December 2022.