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  5. ›ANC 2024-1 Bookstore Operations Proposal

Arkansas Northeastern College·Arkansas

ANC 2024-1 Bookstore Operations Proposal

Closes 5/1/2024$150k – $500kRequest for Proposal
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Description

Arkansas Northeastern College is seeking a qualified independent contractor to operate its campus bookstore for an initial five‑year term, with optional one‑year extensions up to five additional years. The contractor will run the bookstore as an independent business, handling all management functions, inventory, sales of textbooks (new, used, digital), apparel, technology, and general merchandise, and must meet a minimum 30 % used‑textbook sales target. The award includes a $250,000 performance bond, extensive insurance requirements, and the need to purchase the incumbent’s inventory within 30 days of completion. The contractor must also provide custodial services, pest‑control, cap‑and‑gown services, and integrate with the college’s Jenzabar One system.

Attached files

Contact

S. Don Ray(Vice President for Administration)

[email protected]

(870) 762-1020

Key dates

Opened
3/20/2024
Questions due
4/15/2024
Closes
5/1/2024
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Retail Services
NAICS
453920
Solicitation №
ANC 2024‑1

Budget estimate

$150,000 – $500,000

The RFP does not disclose a guaranteed fee; revenue is driven by bookstore sales. Historical total sales ranged from $262k to $325k annually, with used‑textbook sales comprising 10‑30% of total. Assuming the college retains a typical 20‑25% of gross revenue as a fee, the contractor would retain roughly $190k‑$260k in annual revenue. Applying a modest 10‑15% profit margin yields an estimated contractor profit of $19k‑$39k per year, or $95k‑$195k over the 5‑year base term. Including potential extensions and ancillary services (cap‑and‑gown, custodial, integration work) could raise total earnings to a range of $150k‑$500k for the full contract life.

AI estimate from the solicitation

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