A Report on the Feasibility of Textbook Rental - IBHE

Estimated Start-Up Cost – Public UniversitiesEstimated Start-Up CostsPublic Universities Southern University University University SouthernChicago Governors Illinois Northeastern Northern Illinois of of of Western IllinoisState State State Illinois Illinois University Illinois Illinois Illinois Illinois UniversityUniversity University University University University Carbondale Chicago Springfield Urbana/Champaign University Edwardsville**Advertising/Marketing $ 31,129.00 $ 10,000.00 $ 30,000.00 $ 1,700.00 $ 10,000.00 $ 25,000.00 $ 50,000.00 $ - - $ 5,000.00 $ 5,000.00Commissions/Contract/Lease Loss 268,000 - - - 500,000 387,000 140,000 100,000 30,000 - -Computer System/Software 5,000 68,000 50,000 15,000 100,000 70,000 100,000 75,000 - 4,000 70,000Contingency 266,853 226,000 - 15,000 75,000 500,000 10,000 - - - 500,000Credit Card Fees - 19,500 40,000 2,000 - 5,000 50,000 - - - 3,000Education & Orientation - 5,000 - 2,000 - 25,000 10,000 - - 2,500 -Employee Benefits - 24,500 - 30,000 - - 40,000 - - - -Equipment 2,800 98,600 125,000 20,000 - 175,000 5,000 - - - 20,000Fixtures 114,365 - - 75,000 75,000 700,000 - 50,000 - 28,500 500,000General Administration - 23,000 - 20,000 - 80,000 490,000 - - 10,000 0Health Insurance 15,000 12,000 16,000 16,800 - 16,000 - - - - -Inventory 1,556,450 1,580,000 15,000,000 1,500,000 10,000,000 12,272,280 18,000,000 5,000,000 13,400,000 5,625,000 7,000,000Operation - 112,000 - - - - 200,000 200,000 - - -Other (Itemized) - - - 5,700 45,000 - - - 268,000 - 1,500,000Personnel (Full-Time) 75,000 98,000 280,000 250,000 750,000 200,000 850,000 - - - 100,000Personnel (Part-Time) 75,000 67,000 49,000 50,000 - 125,000 - - - 10,000 50,000Printing - 31,500 4,000 700 - 5,000 - - - - 2,000Project Supervision - 50,000 - 10,000 - - - - - - -Space 74,710 - 300,000 - 500,000 480,000 250,000 1,400,000 1,500,000 277,500 -Supplies 12,000 25,000 40,000 7,000 - 30,000 - - - 2,000 10,000System Design, Testing/Implementation- 25,000 - 10,000 - - - - - 4,000 -Total $ 2,496,307 $ 2,475,100 $ 15,934,000 $ 2,030,900 $ 12,055,000 $ 15,095,280 $ 20,195,000 $ 6,825,000 $ 15,198,000 $ 5,968,500$ 9,760,000* Southern Illinois University - Edwardsville has a textbook rental program. This estimate is as if the institution had to recreate the same program.-62-