All business people should know the definition of gross profit, but just in case, here is how Google defines it: “gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company’s incomeRead more

What is Vendor-Take-Back Financing?  Vendor-take-back (VTB) financing or Vendor Financing has increasingly become a common tool used by automotive dealers to close acquisitions. In light of the recent COVID-19 crisis, VTB loans have also become an important substitute to traditional bank financing allowing dealers to continue closing deals; however, it has been fairly common toRead more

Canadian Business today ranked Dealer Solutions Mergers and Acquisitions (DSMA) No. 68 on the 32nd annual Growth List, the definitive ranking of Canada’s Fastest-Growing Companies. Produced by Canada’s premier business and current affairs media brands, the Growth List ranks Canadian businesses on five-year revenue growth. Growth List winners are profiled in a special print issueRead more