Another positive move by VEND:
Reis & Irvy's Robot-Staffed Frozen Yogurt Chain Inks $9.6 Million Master Franchise Agreements in Columbus, Ohio and Oklahoma City
Columbus and Oklahoma City are the latest expansion territories that also include Miami, Orange County, Los Angeles and Atlanta
San Diego, CA -- July 17, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed two agreements with exclusive master franchise rights for the robot-staffed frozen yogurt chain in both Ohio and Oklahoma.
Oklahoma
Kristopher Barlow, convinced of the incredible potential that Reis & Irvy’s disruptive business model presents, has purchased exclusive rights to the Greater Oklahoma City territory. The $5.4 million deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 102 installations throughout the metro area.
The area continues to grow, offering any number of major location opportunities. Oklahoma City is the twenty-seventh largest city in the United States, home to 1.4 million people, the headquarters to Chesapeake Energy Corporation and Devon Energy Corporation, and many corporations with a large presence in the city, including The Hertz Corporation, Farmers Insurance Group, The Boeing Company, American Fidelity Assurance, Cox Communications and others.
“Reis & Irvy’s is an innovative company disrupting a popular market. We are excited to introduce this revolutionary approach of a consumer favorite to the Oklahoma Metro market. The ingenious team at Generation NEXT Franchise Brands, coupled with their cutting-edge technology, robust systems, and extensive market opportunities, will make our partnership a success,” said Barlow. “I’m excited about this partnership and look forward to bringing this opportunity to the thriving Oklahoma Metro area.”
Barlow is an entrepreneurial, results focused, energetic and proven leader with broad experience in upstream Energy & Production (E&P) Supply Chain, Department of Defense (DoD) Contracting with additional experience in Financial Planning and Business Ownership. Actively seeking out investment opportunities that embrace technology, he is currently a partner in a Healthcare Company, SNAP by Salubrious Nurse Practitioners, PLLC that focuses on streamlining the patient experience through integration of software.
“I see the human-less economy taking shape and literally transforming how business is transacted. In order to stay competitive, it simply has to happen,” said Barlow, of Robotic Concepts, LLC. “I’m excited about the concept, I’m excited for Oklahomans and the future ahead. Generation NEXT has a great team in place, they’re all focused on Service before Self and Excellence, two core values dear to me.”
Ohio
Ohio-based franchisee Ken Green, one of a group of private investors who will operate under the name Reis & Irvy’s Columbus, believes Columbus, the largest city in Ohio, as well as the home of Ohio State University, is the perfect place to launch such a venture: “We originally committed to 12 robots in Columbus, but after seeing the robot in action and tasting the yogurt, we knew we wanted to go bigger. The Reis & Irvy’s robot is a winner in so many ways – fun and entertaining, creative and disruptive, and supported by the partnership of Generation NEXT’s incredible team. Columbus is known as a food service test market and home to many food startups, and we are excited to bring this innovative new concept to our hometown!”
The $4.17 million, exclusive territory deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 81 locations throughout the metro area as part of an agreement that secures the group’s exclusive rights to the greater Columbus area, the fourteenth largest city in the United States, home to 2.1 million people.
Reis & Irvy’s: Franchise Expansion Highlights:
Since its debut, Reis & Irvy’s has grown to over 255 franchisees across the U.S. and represents over 1,275 pending robot installations aggregating over $55 million, with additional contract commitments for over 2,900 robots worth an estimated $115 million ($170 million in total) in potential future revenue for Generation NEXT Franchise Brands, Inc. One of the company’s more high-profile franchisees, PGA Championship golfer Phil Mickelson, announced an interest in the company, signing a contract in June to deploy 30 Reis & Irvy’s locations in Southern California.
For more information, visit the Reis & Irvy’s website at www.reisandirvys.com or call Toll-Free (888) 902-7558.
Generation NEXT Website:
www.gennextbrands.com
