More Than Mobility, which operates along the South Coast and in the Midlands, has decided not to renew the lease on its Sidmouth store amid increasing rents and rates.
The equipment dealer wants to concentrate on its stores in Plymouth and Northampton and will close its Sidmouth site on Friday 29 March.
The store, which previously belonged to Hearing and Mobility, is located in a prime position on the high street.
More Than Mobility’s managing director, Jemma Dunn, told AMP that the business had “not taken the decision lightly”.
She said: “We have made the difficult decision to close the store and we wanted to give customers as much notice as possible.
“Our lease is coming up and rates and rents have just increased. We did look for other suitable sites in Sidmouth but they were either too big or too small.
“We’ve decided to focus on the more profitable stores and we’ll of course honour warranties in other stores and online.”
Before the store closes later this month, More Than Mobility in Sidmouth is running a closing down sale.
More Than Mobility is operated by MT Mobility Limited, a business acquired in 2009 by the current management team and operated with a team who have been in the mobility sector for over 10 years.
The owners of More Than Mobility have worked together over a number of years and have held senior roles in a variety of sectors with particular expertise in internet businesses.
Since acquiring the business they have introduced a range of new product lines and expanded its range of mobility stores.