I've just finished building this for a mate's son...got to love garage sales something like this costs $80. All I've needed to do is fit new tyres, seat, bar tape & a hand-me-down chainring/chain/freewheel (from my Kona Paddywagon).
The restoration work took me much longer...sticker removal (was an Apollo Concorde, Tange 900 DB tubing), polishing, paint touch-up, bearing overhauls, redishing the rear wheel, re-tensioning both, etc: