Industry · municipality
The Pet Shop Industry in Lyngdal: An Analysis of Companies, Economics, and Outlooks
Analysis of the pet shop industry in Lyngdal with a focus on economic trends, company structure, and business geography in the Agder municipality, Norway. Data from 2016 to 2025 shows a mix of stability and challenges in the industry, with opportunities for future development in
Executive Summary
The pet shop industry in Lyngdal is a small but economically stable sector with two registered companies. The only actively operating business, Zootropia As, has shown robust economic development in recent years, with an EBITDA margin of 12% and a high average income per employee. Meanwhile, there is an inactive business, Salvesen Akvarier, which has not operated for several years. The industry has experienced both strong growth and challenges, with a significant sales and employee decline in 2024. This highlights both the opportunities and risks for new players in the sector.
Economic Overview
Economic Trends
Sales and Employees
| Year | Sales (NOK) | Employees | Annual Sales Growth | Annual Employee Growth |
|---|---|---|---|---|
| 2018 | 109.8K | 0 | - | - |
| 2019 | 5.1M | 6 | +4505.9% | +∞% |
| 2020 | 7.7M | 9 | +52.7% | +50.0% |
| 2021 | 10.5M | 10 | +36.2% | +11.1% |
| 2022 | 9.6M | 12 | -9.0% | +20.0% |
| 2023 | 12.5M | 18 | +31.0% | +50.0% |
| 2024 | 9.4M | 12 | -25.0% | -33.3% |
| 2025 | 10.5M | 12 | +11.2% | +0.0% |
Economic Indicators
- EBITDA margin: 12% (Zootropia As)
- Average income per employee: NOK 918.7K
- Gross margin: 73%
The industry experienced strong growth from 2019 to 2023, but faced a significant decline in 2024. This may be due to variations in customer behavior or regional economic factors. Nevertheless, Zootropia As has proven to be economically stable with high margins.
Companies in the Industry
Registered Companies
Lyngdal has two companies registered in the pet shop industry:
- Zootropia As (Fiboveien 10, Lyngdal)
- Organizational form: AS
- Founded: 2009-05-27
- Number of employees: 15
- Sales: NOK 11.4M
- EBITDA: NOK 1.4M
- Total equity: NOK 3.1M
- Total debt: NOK 2.6M
- Salvesen Akvarier (Berge terrasse 15, Lyngdal)
- Organizational form: ENK
- Founded: 2000-02-11
- Number of employees: 0
- Sales: NOK 0
- EBITDA: NOK 0
- Total equity: NOK 0
- Total debt: NOK 0
Organizational Form Statistics
- AS: 1 company, 15 employees, NOK 11.5M operating income
- ENK: 1 company, 0 employees, NOK 0 operating income
Zootropia As is the only actively operating business, while Salvesen Akvarier has been inactive for several years.
Business Geography
Geographic Distribution
Activity in the Municipality
| Location | Number of Companies | Number of Employees | Operating Income (NOK) | Sales (NOK) |
|---|---|---|---|---|
| Lyngdal | 1 | 15 | 11.5M | 11.4M |
Observations
- All activities in the industry are concentrated in the Lyngdal city center.
- There is no activity in other city districts or small towns in the municipality.
- Salvesen Akvarier, which is registered in Lyngdal, has not been active for several years and does not contribute to economic data.
This shows that the industry is highly location-dependent, with a single actor dominating the market.
Business Dynamism
Operational Efficiency and Stability
Bankruptcy Safety
- No bankruptcies in the Lyngdal pet shop industry in recent years.
- Zootropia As has been financially stable throughout, with high margins and positive equity.
- Salvesen Akvarier has not been active for several years but is not registered as bankrupt.
Operational Efficiency Indicators
- Zootropia As has an EBITDA margin of 12% and an average operating income per employee of NOK 918.7K.
- Salvesen Akvarier has no operational data, indicating the company has not been active for several years.
The industry appears relatively stable, with a single actor demonstrating economic resilience.
Outlook
Outlook for New Entrants
Strengths in the Industry
- High margins: Zootropia As has an EBITDA margin of 12%, demonstrating strong operational efficiency.
- Stable market: No bankruptcies in the industry, and a single actor that has been financially stable for over 15 years.
- Local concentration: Concentration in the Lyngdal city center may provide opportunities for collaboration or expansion.
Challenges:
- Decline in 2024: Sales and employee numbers at Zootropia As fell by 25% and 33%, respectively, from 2023 to 2024. This could serve as a warning for new entrants.
- Lack of competition: With only one active business, it may be possible to establish oneself, but it is important to analyze the cause of the 2024 decline.
Recommendation:
- New entrants should consider analyzing Zootropia As' economic challenges in 2024 and explore opportunities to offer differentiated services or expand the market.
- SmartGrunder can help identify suitable locations in Lyngdal for pet shop activities, based on market analysis and operational data.
Conclusion
The pet shop industry in Lyngdal is a small but economically stable sector with potential for development. With a single active company that has demonstrated financial stability, it may be possible to establish oneself in the municipality. However, new entrants should be aware of recent challenges, such as the decline in 2024. With high margins and no bankruptcies in the industry, now is a good time to consider opportunities in Lyngdal, especially if one can adapt to local needs and expand the market.