Ann: YBR Moves to Franchise Structure and Consolidates-YBR.AX, page-8

I was thinking last night, the company has gone full circle. It's just like Wizard home loans except now with 'Wealth Management'. The fact no one wants to buy it (specifically their loan book) is probably because the big banks want to limit their exposure to the housing market. YBR's wealth management department would be worth very little. So MB it moving the risk to Franchisees. If a branch doesn't make money then it's the owners fault but he still gets paid.

The bricks a mortar approach doesn't seemed to have worked and is the opposite direction to what most businesses are doing, saying that it's better suited to a franchise model. I wonder how long it's been since they made the decision to Franchise.

I get the feeling it's a case of YBR starting from scratch and seeing if they can make a dollar by selling the business model.