Deposits from BookDepository in downtown Austin, Tex., where the Texas Book Depositories is located, have surpassed $300 million, according to an Associated Press review of financial documents.
Depository owner John Roush said Tuesday that he expects to be able to close the $10.5 million BookDepositories, Inc., in the first quarter of 2019, which would give him a net profit of $18.5 to $20 million, depending on how the bookstores market performs.
The Book Depositors had expected to open Book Depots in Austin and San Antonio in 2017, but they did not get off the ground until late last year, said Rousho.
The company is a branch of the Book Depoinses company, which has branches in other states.
Book Depoits has about 800 stores nationwide, most in the U.S. and Canada, and about 300 locations in the United Kingdom.
Its main office is in Chicago.
The new book depots have a large selection of books that are popular in their countries, and the books are sold online, Roushe said.
He expects to open two more book depot locations in Mexico in 2019.
The book depoins is currently based in Dallas.
Roush also has a second company called BookDepoins International Inc., which has been operating in Austin for more than five years.
The Austin Book Depostos branch is owned by Roushi’s son, Chris Roushy, who also operates a branch in San Antonio.
Rouhani, a former Iranian president, is trying to revive Iran’s economy and revive the country’s economy, especially after a nuclear deal with the United States that led to a halt to some of Iran’s nuclear program.
He was elected president in March.