Fresh Healthy Vending
| Company type | Public |
|---|---|
| Industry | Vending machine, Food and beverage |
| Founded | June 2010 |
| Founder | Nick Yates |
| Headquarters | San Diego , United States |
Area served | United States (except California) |
| Products | Refrigerated vending machines with organic and natural snacks and drinks (yogurt, carrots, smoothies, granola bars, milk, juices, teas) |
| Website | www |
Fresh Healthy Vending is a vending machine enterprise headquartered in San Diego that focuses on providing nutritious alternatives to conventional snack and drink options. Established in June 2010 by Nick Yates, the company supplies refrigerated vending units stocked with organic and natural items including yogurt, carrots, smoothies, granola bars, milk, juices, and teas.
Primarily utilizing a franchise business model, Fresh Healthy Vending's machines are predominantly installed in schools, hospitals, fitness centers, and community organizations throughout the United States, with the exception of California. By 2011, the company had deployed more than 2,000 vending machines nationwide, approximately 75% of which were situated in educational institutions. This strategy corresponds with the Healthy, Hunger-Free Kids Act of 2010, which limits the availability of high-calorie junk foods in school vending machines.
The company went public in 2010 under the ticker symbol VEND and earned recognition from Entrepreneur and Inc magazines for its franchise approach. In 2015, it underwent rebranding to become Generation Next Franchise Brands and introduced the Reis and Irvy's Frozen Yogurt Robot Vending Franchise. Later, in 2019, Fresh Healthy Vending launched a corporate-owned fund aimed at managing its frozen yogurt vending robot operations.
Legal and regulatory complaints
In 2013, the California Corporations Commission determined that Fresh Healthy Vending, Inc. had breached the California Franchise Investment Law. Consequently, the company is barred from offering or marketing franchises within California and is restricted to operating only those locations under direct corporate ownership.
In March 2016, allegations surfaced involving Fresh Healthy Vending being reported to the Securities and Exchange Commission for purportedly utilizing spam marketing tactics to promote its business and manipulate stock valuations.
The company filed for bankruptcy protection on September 27, 2018.