Great deal. I got a similar deal when a bike shop that also sells tri-gear decided to get out of the wetsuit business. Got a brand new Zoot Fuzion wetsuit for $100 bucks.
You're lucky, my LBS went out of business completely. Closest bike shop now is a 45 min drive! I feel horrible about it but thank goodness for the www.
The good news for your LBS: Now they will make a tangible net profit on every bike they sell, sell much faster, be less price sensitive and, as a result, contribute back to the local economy to a greater degree.