Need help with purchase !

[wags24]

Hi Everyone,

I looked at a mat for sale recently and need some help with a few questions.

Here are the specifics that I know so far :

-Store opened in 1993
- 17 wasco washers and 20 wasco dryers

Purchase price is 100k
Gross rev is 130k
net is 40k
rent is 42k
utilities are 20k
labor is 10, so it looks like a small WDF business.
Lease is 8 years with 5 year option.

My questions are :

1) equipment is 14 years old. Assuming normal usage, how long do they last ? Given the length of the lease, could i get away with not replacing ? By that time the equipment is 27 years old when lease ends. Obviously, replacing with this lease term has a big impact on ROI/IRR.

2) When all of you evaluate stores, how many of you actually sit in a store and count coins to verify revenue ?

Thanks in advance !
Bob