After eight years of business in Payson, Legacy Home Furnishings was taken over by the plaza’s property owner several weeks ago.
However, questions still swirl on why it was seized, and no one on the management side is talking.
Today, a huge sign hangs out front of the store in the Payson Plaza Shopping Center: LANDLORD LIEN, LIQUIDATION SALE.
Center manager Lori Bernhardt said since the management company took the store over, it has begun liquidating everything.
She had no other comment regarding former owner Dan Hill or the circumstances around the lien.
However, by definition, a property owner acquires the personal property of a tenant to secure the payment of rent and other obligations in a landlord lien.
In the store, prices have been cut on nearly everything, with some items as much as 50 percent off and the rest 20 to 25 percent.
Ultimately, the management company hopes to keep the store open and is talking with other furniture companies who would replace Legacy with their own brand of furnishings. Bernhardt would not elaborate on which store could replace Legacy, but said they had “several prospects.”
While we can’t speculate on why Legacy’s owner failed to make payments, this isn’t the first business that has seen its share of trouble.
In the last year, several businesses in Payson have filed for bankruptcy or closed up altogether.
In July, Bashas’ filed for bankruptcy and announced several store closings around the state. Several months earlier, Kohl’s Ranch had filed for protection.
In terms of store closings, most recently Sav-Mor Foods, at 512 S. Beeline Highway, closed in August.
In July, Payson saw at least two stores close, Fireside Espresso and The Small Cafe.
Vita Mart co-owner Christine Bollier said she was surprised to see The Small Cafe and Sav-Mor close, especially since her store is in the same shopping center as the two.
Other notable closures were Corral West Ranchwear and Main Street Grille.