Exeter to sell ‘pork chop’ furniture shops
Exeter, New Hampshire, is set to sell several furniture shops to a group that operates out of a trailer park and operates outta town, the company said Thursday.
The company’s chairman, Doug Smith, said the new owner of the company, a group of about 40 people, was “going to have to sell a lot of the furniture.”
He said the company had been in the process of trying to buy out the old owners, but the sale of the two former buildings was not the answer.
“We’re not sure where this is going to end up, but we’re pretty confident it’s going to be profitable for us,” Smith said.
He did not provide a reason for the purchase price.
Smith said the businesses will remain in the trailer park, where they are known as the Exeter House and the New England House.
The trailers were originally located on the property.
“They are just one of the many businesses that will be affected by this decision, and we’re going to have the opportunity to take them over,” Smith added.
He said the furniture shops will remain open, and the company will continue to operate from the two buildings.
“There is nothing to indicate that we’re closing any of these businesses,” Smith told The Washington Post.
“This is not a decision to sell.”
He said that the company would be able to sell some of its remaining furniture through a third-party seller.
“If we want to continue to serve the community, we will continue operating our businesses from the trailers and we’ll still have them open,” he said.
A spokesperson for the New Hampshire Homeowners Association told The Post that the association had been contacted by the New York City Department of Buildings about the sale.
“While the decision to terminate operations at the Exete House and New England Houses was a surprise to our members, the decision was made in the best interests of our business and the public,” the spokesperson said.
“We continue to cooperate with New Hampshire regulators to resolve the issue.”