It's a good starter setup, but not a good price. Sweetwater has em:
Squier Affinity Series Precision Bass PJ Pack Black with Maple Fingerboard
With these starter kits, and inexpensive basses and guitars in general, there is an element of risk that the bass might have issues from needing minor adjustments to needing fretwork, more of a risk than with more expensive options anyway. For this reason buying from a place that can adjust it for you, and where you can get your hands on it to see how it feels before you commit is a good idea. At the least make sure you have a relatively easy return process.