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Generation Next Inks 32M Reis Irvys Master Franchise Agreement In Dayton OH

SAN DIEGO, CA -- Generation Next Franchise Brands Inc. said it has signed an exclusive agreement with master franchise rights for its frozen dessert vending machines in greater Dayton, OH. The $3.2 million exclusive territory deal includes 12 initial Reis & Irvy's vending machines along with an agreement and letter of intent for an additional 63 venders throughout the metro area. Combined with recent exclusive agreements in Cincinnati and Columbus, Generation Next has secured $17 millio...

August 29, 2018

SAN DIEGO, CA -- Generation Next Franchise Brands Inc. said it has signed an exclusive agreement with master franchise rights for its frozen dessert vending machines in greater Dayton, OH.
 
The $3.2 million exclusive territory deal includes 12 initial Reis & Irvy's vending machines along with an agreement and letter of intent for an additional 63 venders throughout the metro area.
 
Combined with recent exclusive agreements in Cincinnati and Columbus, Generation Next has secured $17 million in franchise agreements in Ohio alone. Earlier this month, the company announced an $8.5 million, exclusive territory deal for Cincinnati that includes contracts for 18 initial Reis & Irvy's machines and an additional 182 kiosks (200 total). In July, Generation Next announced a $4.2 million, exclusive territory deal covering the greater Columbus metro area that includes contracts for 18 initial Reis & machines and an additional 81 venders.
 
The company says it has 270 Reis & Irvy's franchisees across the U.S. with more than 1,375 pending vending machine installations and additional contract commitments for more than 3,150 venders.