I think it is a little high myself. When I think about it though, he is not that far off. My unibody is in good shape but has some usual rust/rot spots that will need tending soon. The time and labor that my dad and I have put in it to this point is pretty decent. The time left to just get it painted and presentable to drive will be even more intense.
My uncle spent 11 months solid working full time on his 65 a few years back. Doing all the work himself and buying... building the truck, motor, transmission, exhaust, upholstery, and all new rubbers/seals cost him 11,000.
Having a truck as nice as the one being offered to start with, may put you labor ahead. I do not think anyone can get back what they have invested in their restorations of these trucks.
If it were bought for about a thousand less and looked as good as the pictures show... it would not be a bad investment. It is better looking and cheaper than a new truck.
This Farmer had an old F100 with a lot of miles on it and was thinking of selling it to get a new one...but because of the high
mileage, there were no takers. The farmers neighbor says to him one day, "Well, why don't you just open up that
speedometer and just roll those numbers back...just roll'em on back a bit.."
A week later, the neighbor sees the farmer and asks, "You ever sell that old truck of yers"?
Farmer replies, "Why the hell should I sell it?... it's only got fifteen thousand miles on it"!
Get rid of that bed and it will be much more appealing. Not many wanting an old service truck.
I can't imagine a plumber using a truck that long and not putting 70,000 miles on it.
I gotta agree with John, Most older plumbers service trucks were about as beat up as they could get.
There would have been a pipe rack up top, ladders on the sides and a pipe threading machine on the back. They were usually greasier than most due to the soldering flux and threading oil they used that got all over everything, including the plumber. When plumbers weren't getting greasy, they were digging in the mud or rodding out sewer lines. Most plumbers chewed tobacco and they all smelled bad!
And they would easily put that mileage on a truck in a only few years.