Introduction
Nick Yates is an Australian vending entrepreneur and businessman who is currently living and doing business in the United States.
Yates was the chairman of Generation NEXT Franchise Brands, a San Diego-based franchisor whose franchises include Reis & Irvy's, 19 Degrees Frozen Yogurt, and Generation NEXT Vending Robots Inc. Nick Yates' Reis & Irvy's frozen yogurt vending machines accept cryptocurrency.
Business history
In 2001, Yates was as a representative of Global Pre Paid, a prepaid phone card franchise.
On February 8, 2010, Mr. Yates formed a healthy vending machine franchise called Fresh Healthy Vending in San Diego, CA. Fresh Healthy Vending failed to disclose Mr. Yates's 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. Fresh Healthy Vending declared bankruptcy on September 27, 2018.