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Longwood University·Virginia

Bookstore Services

Closes 5/1/2018$1.9M – $3MRequest for Proposal
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Description

Longwood University is seeking a qualified vendor to operate its campus bookstore on a full‑service basis, covering both brick‑and‑mortar and online sales. The contractor will be responsible for all aspects of bookstore management, including inventory, merchandising, staffing, financial handling, marketing, and compliance with university policies such as ADA, data protection, and the exclusive soft‑drink contract. Compensation is based on a tiered commission of gross sales with a guaranteed minimum annual payment, plus an unspecified annual scholarship contribution. The contract runs for five years with an option for one additional five‑year renewal. • Operate and staff the university bookstore (in‑store and e‑commerce) • Manage inventory, pricing, marketing, and all financial transactions, adhering to PCI‑DSS and university policies • Provide quarterly reports, subcontracting plans, and maintain records for five years • Pay a commission on gross sales (10.6%‑13.6%) with a $375,000 guaranteed minimum per year • Deliver transition plan and assume all equipment/utility costs, with optional site improvements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Debby Cooper(Associate Vice President for Administration and Finance)

[email protected]

434-395-2094

Key dates

Opened
3/30/2018
Questions due
4/19/2018
Pre-bid meeting
4/13/2018
Closes
5/1/2018
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Retail Services
NAICS
453920
Solicitation №
LU214-18-011

Budget estimate

$1,875,000 – $3,000,000

The contract guarantees a minimum of $375,000 per year, totaling at least $1,875,000 over the five‑year base term. Historical gross sales suggest annual sales around $3 million, which at the 12% commission tier would yield roughly $360,000 annually—close to the guaranteed minimum. If sales exceed $4 million, the commission rises to 13.6%, potentially pushing annual earnings to $540,000. Therefore, total earnings could range from the $1.9 million floor to about $3 million if sales are strong, plus any additional scholarship contribution (amount unspecified).

AI estimate from the solicitation

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