most new businesses show loses for the first 5 years even if they are banking big money it works best for tax purpose....Mine makes good money but I file every lose possible.....Tax wise but if I went to sell it would make it alittle hardier.....I would just have my accountant show them month by month..... Ask for a monthly statements as well as a year statement...
Do not be trusting research! Sit in her parking lot undercover and see the clientele....If she is asking 110,000 your loan should be for a least 10-15,000 more to cover licenses, untold problems etc....
simply broke down a 7 bed salon with
airbrush ....at 2500 a month rent.....with a 110,000 invested......