Rides Majestic
Join Date: Jan 2013
Location: Westfield, MA
Posts: 1,339
Bikes: 1983 Univega Gran Turismo, 1970 Schwinn Super Sport, 2001 Univega Modo Vincere, Self-Built Nashbar Touring, 1974 Peugeot U08, 1974 Atala Grand Prix, 1986 Ross Mt. Hood, 80's Maruishi MT-18
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If you are looking to flip a bike of that level that cost $50, things will really have to go your way. To get that up to snuff will take $50 at the very least for consumables and more if wheels, bottom bracket, headset, etc. are bad. Now you are into it for at least $100. You will probably have to work on it for at least 5 hours which makes your labor worth $15-$20 per hour based on a sale price of $175-$200. Again, this is a best case scenario so you need to decide if it's worth it to you.