Oh man, bad parking and old machines with that much competition sounds scary. They’re probably asking 5x expecting to get countered at less. If you’re thinking about buying it I would definitely counter lower and let them know it’s because you’ll have to invest into some upgrades.
Also, when did you go check it out? Be careful getting excited about steady traffic on a weekend. Most laundromats have a lot of business on the weekends. Go check it out on different days and different times.
Is this your first laundromat?