Generation NEXT Franchise Brands Announces $2 Million Exclusive Franchise Contract for Columbia, South Carolina
Agreement Includes Initial Purchase of 20 Robotic Vending Kiosks and Commitments to Buy an Additional 24 Units
Generation NEXT Franchise Brands, Inc. (OTCQB: VEND), announced today that its flagship subsidiary, Reis & Irvy’s, has signed an exclusive franchise agreement for the robot-staffed frozen yogurt and ice cream chain in Columbia, South Carolina. The $2 million, exclusive territory contract includes the upfront purchase of 20 kiosks, with contract commitments to purchase an additional 24 kiosks over the next five years.
Reis & Irvy’s is the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. The kiosk’s unattended robots eliminate the need for costly rent and labor, significantly reduce food safety concerns and are capable of operating 24-hours a day. The signature robots can dispense servings of frozen yogurt, ice cream, gelato and sorbet finished with a selection of six delicious toppings in less than 60 seconds.
Columbia is the capital and second largest city in South Carolina, a state which continues to set tourism records year-after-year. The city is home to the University of South Carolina, the state's flagship university and the largest in the state, with more than 34,000 students. Columbia is also the site of Fort Jackson, the largest United States Army installation for Basic Combat Training. It is also home to the South Carolina State House, the Riverbanks Zoo & Garden, and the Columbia Museum of Art. The South Carolina Department of Parks, Recreation and Tourism’s latest numbers show tourism contributing $22.6 billion in revenue, which continued to increase for the seventh consecutive year.
“Columbia is known for being ‘famously hot,’ and we look forward to helping residents beat the heat this summer – and beyond,” said Nick Yates, Chairman of Generation NEXT Franchise Brands. “The heat, coupled with popular football, basketball football and soccer stadiums, make this a market we’re especially excited to enter.”
To date, Reis & Irvy’s franchisees have sold more than 400,000 cups of frozen yogurt, generating over $2 million in retail sales for its franchise network.
For more information about Reis & Irvy’s, please visit www.reisandirvys.com.
About Generation NEXT Franchise Brands, Inc.
Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol OTCBB: VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy’s Inc., 19 Degrees Corporate Service LLC and Print Mates. To learn more, please visit: www.gennextbrands.com
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc. is a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (VEND). Launched in early 2016, the revolutionary Reis & Irvy’s Vending Robot serves seven different flavors of frozen yogurt, ice cream, sorbets and gelatos, a choice of up to six custom toppings and to customers within 60 seconds or less at the point of sale. The unique franchise opportunity has since established itself as a high-demand product and currently showcases a franchise network both domestically as well as internationally. To learn more, please visit: www.reisandirvys.com.