Agreement Includes Initial Purchase of 20 Robotic Vending Kiosks and Commitments to Buy an Additional 24 Units
Generation NEXT Franchise Brands, Inc. announced that its subsidiary, Reis & Irvy’s, has signed an exclusive franchise agreement for the robot-staffed frozen yogurt and ice cream chain in Columbia, South Carolina. The $2 million, exclusive territory contract includes the upfront purchase of 20 kiosks. They also plan to purchase an additional 24 kiosks over the next five years.
Reis & Irvy’s is the world’s first fully-automated robotic frozen dessert vending kiosk. The kiosk’s robots eliminate the need for costly rent and labor, reduce food safety concerns and are capable of operating 24-hours a day. The robots can dispense servings of frozen yogurt, ice cream, gelato and sorbet finished with a selection of six delicious toppings in less than 60 seconds.
“Columbia is known for being ‘famously hot,’ and we look forward to helping residents beat the heat this summer – and beyond,” said Nick Yates, Chairman of Generation NEXT Franchise Brands. “The heat, coupled with popular football, basketball football and soccer stadiums, make this a market we’re especially excited to enter.”
To date, Reis & Irvy’s franchisees have sold more than 400,000 cups of frozen yogurt, generating over $2 million in retail sales for its franchise network.
For more information about Reis & Irvy’s, please visit www.reisandirvys.com.