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Generation Next Franchise Brands Signs 223M Franchise Contract With Private-Equity Group

SAN DIEGO, CA -- Generation Next Franchise Brands Inc. said it has signed an exclusive territory franchise agreement with Greenville, SC-based CH Capital for its Reis & Irvy's frozen dessert vending machines. Under the agreement, the franchisee is required to purchase machines throughout the Miami-Dade metropolitan area over the course of the next five years in order to maintain exclusivity in the territory, which would result in more than $22.3 million in revenue to Generation Next. The agreement wi...

May 3, 2018

SAN DIEGO, CA -- Generation Next Franchise Brands Inc. said it has signed an exclusive territory franchise agreement with Greenville, SC-based CH Capital for its Reis & Irvy's frozen dessert vending machines.

Under the agreement, the franchisee is required to purchase machines throughout the Miami-Dade metropolitan area over the course of the next five years in order to maintain exclusivity in the territory, which would result in more than $22.3 million in revenue to Generation Next.

The agreement with CH Capital comes on the heels of Generation Next announcing a similar agreement last month for two of California's largest markets -- Orange County and Los Angeles.

Reis & Irvy's machines, through an exclusive partnership with Dannon YoCream, deliver frozen yogurt, ice cream, gelato, acai, frozen ice and custard with toppings within 60 seconds or less.

CH Capital reportedly has experience in investing in institutional private-equity and hedge funds, immigration consulting, aviation, commercial and residential real estate, technology companies and dental franchises.

Generation Next said it has presold more than 1,000 Reis & Irvy's machines since it launched in 2016 scheduled for mass rollout by manufacturing partner Flex Ltd., beginning next month and continuing throughout 2018. The company has reportedly sold more than 600 franchises throughout the United States, Canada, Puerto Rico and the Bahamas.