Is Turnover a Sign of Success?

The former Wit & Grit and Oak & Iron buildings sit empty with their signs still hanging on Merchants Row. (Herald / Wilder Grimes) On October 19, the owners of Oak & Iron announced they’d be leaving their Merchants Row location to move to White River Junction. “A heartfelt thank you to Randolph, the surrounding communities and all of our wonderful guests for supporting us and making the past two years memorable,” owners Nate Aldrich and Katie Hanscom wrote in a post on Facebook. The pair explained the move came with the decision to be closer to their hometown and family. Hoping for a quick turnover, Aldrich and Hanscom expect to reopen in their new location sometime this month. Opening in April of 2025 and closing about one and a half years later, the boutique steakhouse is the third restaurant to leave Randolph this year, following Chef’s Market and Wit and Grit. Prior to Oak & Iron’s opening, Tacocat Cantina filled the space from November of 2020, until closing in 2024.

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