Originally Posted by Kronk
He's claiming 2 turns per day. ...
When we sold business that were mostly cash businesses, or the sales claims were suspect, sometimes the buyers would park down the street, watch the number of people who come and go for most of a day (and sometimes on multiple days), and then determine if the patron traffic matched up with the sales claims.
You can probably determine pretty easily the average loads per customer, by hanging out for a few hours inside (maybe doing your own laundry). Then do a "stakeout" and see if there are enough customers to make the numbers work out.
I will say that the people who bought laundromats said afterwards that they were more work than they expected. (But then again, so did the buyers of every
business we sold -- non-business-owners were always surprised at the amount of time they had to spend dealing with all the stuff involved with business ownership. But having no employees with the one you are considering should ease that considerably.)