Yes, they're very good for the most part.
They sell 100% working equipment, so bargain condition refers to its looks.
You can always call and ask them about a specific item (fungus, shutter speeds, etc).
hell, I've bought a number of ugly and as-is lenses, from KEH and have usually been happy. BGN are in my experience are frequently very good. The best I got was an as-is Kodak Ektar 203mm ƒ7.7 for $60. Its one of my favorite lenses now, and all it needed was a little shutter cleaning (it didn't always stay cocked).
Bargain lenses from KEH are very good. Usually much better than playing the odds with Ebay even when you can see pictures (which almost never show flaws because it's so hard to photograph them for most people). As-is is a crap shoot, but sometimes can be worth it if you are ok with ending up with a "parts" lens.
If you set aside some time to inspect and test the lens when it arrives, you have 21 days to return it and get a full refund. You might have to pay for shipping, not sure about that. The do have a service department so I suspect most items are inspected and can be repaired if necessary. My local service technician has limited what he will repair nowadays and refers what he doesn't to KEH or Harry Fleenor for Rolleiflex TLRs.
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