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Generation Next Inks 3M Reis Irvys Master Franchise Agreement In Knoxville TN

SAN DIEGO -- Generation Next Franchise Brands Inc. said it has signed an exclusive agreement with master franchise rights for its Reis and Irvy's frozen dessert vending machines in Knoxville, TN. The $3.2 million exclusive territory deal with franchisee Nima Kioumarsi includes contracts for 16 initial Reis & Irvy's locations along with an agreement for an additional 59 locations (75 total) throughout the area as part of an agreement that secures the group's exclusive rights to Knoxville. &nbsp...

September 19, 2018

SAN DIEGO -- Generation Next Franchise Brands Inc. said it has signed an exclusive agreement with master franchise rights for its Reis and Irvy's frozen dessert vending machines in Knoxville, TN.
 
The $3.2 million exclusive territory deal with franchisee Nima Kioumarsi includes contracts for 16 initial Reis & Irvy's locations along with an agreement for an additional 59 locations (75 total) throughout the area as part of an agreement that secures the group's exclusive rights to Knoxville.
 
Since its debut, Generation Next said it has grown to more than 280 Reis & Irvy's franchisees across the U.S. and represents more than 1,400 pending installations. 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.