The shop has been open since since 1915 and has become one of the best-known toy shops in the South-west.
Run by three generations of the same family, its current owner, Alan Andrews, 70, is to close the store after running it for 40 years.
He said: "It will be very sad because this shop has been my life pretty much since birth. I remember coming in as a boy and helping my mum out behind the counter but it has become increasingly difficult with supermarkets selling toys and all the electrical toys you get.
"A lot of toys now are gadgety and quickly go in and out of fashion whereas we have preferred good old-fashioned games.
"Customers have been pouring in telling me how sad it is to see it go but I have been working pretty much six days a week for the last 40 years. I plan to have a very long rest."