That's a good price for a restorable machine and it's in decent condition too.
The gun game was originally made by A.B.T. Manufacturing (the mechanical coin chute people). Then the J.F. Frantz people took over the product line for many years. About 15 years ago, Frantz changed their name to Fun Industries.
Crow River makes reproduction parts for the older A.B.T. & Frantz machines:
It's been in production since 1958! That's a pretty long production run. Today's version has different cabinet graphics, a 25 cent coin chute, and metal legs.