Iconic toys and games shop in Norwich

Norwich, Norfolk
REF: INT3310

Asking Price:
£300,000
Annual Turnover:
£861,553
Annual Net Profit:
£90,000
REF: INT3310
Photo of Iconic toys and games shop in Norwich
Photo of Iconic toys and games shop in Norwich
Photo of Iconic toys and games shop in Norwich
Photo of Iconic toys and games shop in Norwich

Overview

Tenure:
Leasehold
Established:
1883
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Wide Variety of Products & Services

Langleys of Norwich is believed to be the second oldest continually trading toy shop in the UK after Hamleys, with its history traceable to the 1880s. It has touched the lives of many generations, and the grandchildren of its very first customers now accompany their own grandchildren into this haven of family values in the heart of the city.

It has been a constant feature of the Norwich shopping landscape for nearly 150 years. It currently resides in the prestigious Chantry Place Shopping Centre following a move from its previous three-storey location in the Royal Arcade several years ago. It now trades from a substantial single floor.

Its current owner acquired it in 2015 and has decided that the time is approaching to pass on the baton of this historically important business to a new hand.

The store is the epitome of the old-fashioned toy shop. It caters for pocket money purchases such as marbles and water pistols at one extreme and the latest high-end Lego set at the other.

In between is a fast-rotating stock of jigsaws, plush toys, Barbie dolls, Pokemon cards, slime capsules, cap guns, model kits, activity sets, board games, collectables and pretty much everything you would expect to find in between, all supported by a knowledgeable and enthusiastic staff for whom working in a toy shop is a labour of love.

This iconic toy shop combines history with modern retail excellence. Believed to be the second oldest continually trading toy shop in the UK, Langleys offers everything from pocket-money purchases to high-end Lego sets. Stock includes jigsaws, plush toys, Barbie dolls, board games, collectables, and more. The shop is located in a contemporary shopping centre with an eye-catching glass frontage and a spacious, well-organised layout. Loyal customers across generations return for the vast selection and warm service provided by a passionate team. With its strong community ties, reputation, and prime location, Langleys is a rare gem in retail.

Langleys has vast growth potential, particularly online. Establishing an e-commerce platform and a marketing strategy leveraging its historic brand could reach untapped audiences across the UK and beyond. Social media campaigns and collaborations with local events could further enhance visibility with expansion into exclusive product lines/partnerships offering additional sales opportunities. Additionally, toy fairs, workshops, and other events could create engagement and strengthen brand loyalty. With minimal local competition and a solid foundation, Langleys is well-positioned to flourish under new ownership.

Features

Reputation

  • Google: 4

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Location

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  • Shopping Centre Location
  • High Footfall
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£70,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
2032
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
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Number of Employees
XXXX
Current Ownership
XXXX

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