Generation Next Files New Patent Application, Inks $9M Reis & Irvy's Master Franchise Agreement In Cincinnati

Posted On: 8/8/2018

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SAN DIEGO -- Generation Next Franchise Brands said it has filed an additional patent application that covers additional aspects of the robotic dispensing of food and drink.

Among other protections, the new application seeks to include within the company's patent protection non-animated devices and devices capable of dispensing "a more inclusive range of food and drink products," the company said.

The company also said it has signed an exclusive agreement with master franchise rights for its Reis & Irvy's frozen yogurt vending machines in metropolitan Cincinnati, OH.

The $9 million, exclusive territory deal with Gregg Wilhelm, the Cincinnati master franchisee, includes contracts for 18 initial Reis & Irvy's locations along with an agreement and letter of intent for an additional 182 locations (200 total) throughout the metro area as part of an agreement that secures the group's exclusive rights to the greater Cincinnati area.

Since its debut, Generation Next says it has grown to more than 265 franchisees across the U.S. and represents more than 1,300 pending Reis & Irvy's vending machine installations aggregating approximately $55 million, with additional contract commitments for more than 2,900 machines.