Collection Audit
A collection audit is a buyer attending multiple coin collections in person, counting the proceeds, and recording dated count sheets, in order to test reported revenue against observed cash.
Why Collection Audit Matters in a Laundromat Sale
One collection proves almost nothing, because volume varies by day of week, weather, the first of the month, and season. Four to eight collections spread across different weekdays begin to establish a pattern that can be compared against deposits, machine data, and water consumption. For a store with meaningful coin revenue and no card system, the collection audit is the primary evidence available.
Example
A buyer attends six collections over three weeks, spanning weekdays and a weekend. Counted proceeds annualize within 4% of reported coin revenue, and the variance is explained by two machines out of service during week two. That is a store a lender can finance.
What to Check
- Attend at least four to eight collections spread across different weekdays.
- Count on site and keep dated, signed count sheets.
- Compare the annualized result against deposits, machine data, and water consumption.
Where This Comes Up
- How to Verify Laundromat Income: The Six-Source Reconciliation
- How Buyers Verify Laundromat Revenue (And How to Be Ready)
- Water-Bill Analysis
- Laundromat Valuation: How Stores Are Priced and Why
Related Terms
- Card System — A card system is the payment and management platform that replaces or supplements coin in a laundromat
- Water-Bill Analysis — Water-bill analysis is a revenue cross-check that compares a laundromat's metered water consumption against the manufacturer's per-cycle water usage for its...
- QoE (Quality of Earnings) — QoE, or quality of earnings
- Stored-Value Liability — Stored-value liability is the total unspent balance customers hold on a laundromat's payment cards or app accounts
See the full laundromat glossary for all 78 terms.
The Next Step
This page is general information about laundromat transactions, not legal, tax, or investment advice, and not a guarantee of sale price, timing, or financing approval. Verify current rules with your own CPA, attorney, lender, and the relevant state or municipal agency before acting.