Industry · municipality
Electrical Goods Retail in Grimstad: Current Status and Future Outlook
A detailed analysis of the industry, companies, and development in the municipality
Brief overview of the industry
Electrical goods retail in Grimstad is a very small and static industry. Today, there is only one registered company in the municipality, Holter Sto, which is registered as bankrupt. Sales and employee activity have been zero since 2017, indicating an industry in stagnation. At the same time, data from the broader agricultural sector shows that Grimstad has a more dynamic economic structure, with growth in both sales and number of employees. This creates an interesting contrast that may be relevant for entrepreneurs considering establishing themselves in the municipality.
Economic overview
Economic data for electrical goods retail
| Year | Sales (NOK) | Number of employees |
|---|---|---|
| 2016 | 2.0K | 0 |
| 2017 | 0 | 0 |
| 2023 | 0 | 0 |
Data shows that sales figures for electrical goods retail in Grimstad have been extremely low since 2017, with a sharp decline from 2016 to 2017 (100%). The number of employees has been zero throughout, indicating that the industry has not been active in the municipality for several years. The only registered company, Holter Sto, has no sales revenue or employees, and is registered as bankrupt.
Companies in the industry
Registered companies in the industry
There is one registered company in the electrical goods retail industry in Grimstad:
- Holter Sto (c/o Teodor Løvlie Holter, Nedre Hausland 33, Fevik)
- Organizational form: ENK (sole proprietorship)
- Founded: 2023-07-05
- Number of employees: 0
- Bankruptcies: Yes
- Sales: 0 NOK
- EBITDA: 0 NOK
There are no other companies registered in this industry in Grimstad. The only company is bankrupt and has no economic activities.
Geographic distribution
Distribution of activity in the municipality
| Location | Number of companies |
|---|---|
| Fevik | 1 |
All activities in the electrical goods retail industry in Grimstad are concentrated in Fevik. There are no registered companies in other parts of the municipality.
Industry dynamics
- Bankruptcies: One bankruptcy has been registered in the industry (Holter Sto), but no other bankruptcies or companies in the industry.
- Growth: There has been no growth in the number of employees or sales in the industry since 2016.
- Development: The industry has been static for several years, with no activities after 2017. This indicates an industry that has not been operational in the municipality for a long time.
There are no indications that the industry has been growing or has been active in the municipality in recent years.
Outlook for entrepreneurs
For entrepreneurs considering establishing themselves in the electrical goods retail industry in Grimstad, the data shows an industry in stagnation. There are no activities in the industry in the municipality, and the only company is bankrupt. This indicates that it is not an attractive industry for new companies in Grimstad. Entrepreneurs should consider whether it is possible to find a unique position or adapt to local needs to create value in an industry that has not been active in the municipality for a long time.
Development in the agricultural sector
The broader agricultural sector in Grimstad has shown a more dynamic development compared to electrical goods retail. In 2025, agricultural companies in the municipality had total sales of NOK 228.9 million, with an annual growth rate of +1.5%. The number of employees in agricultural companies has varied, but showed a positive trend in recent years, with 88 employees in 2026. This shows that agriculture has been a more stable and growth-oriented industry in the municipality.
Peer companies in the agricultural sector
| Name | Address | Industry | Sales (NOK) | EBITDA (NOK) | Number of employees |
|---|---|---|---|---|---|
| Optikkhuset Grimstad As | Storgaten 26, 4876 Grimstad | Optician Store | 16.8M | 4.0M | 13 |
| Evenstad Musikk Distribusjon As | Industriveien 4, 4879 Grimstad | Audio Equipment / Music Instrument Store | 107.8M | 2.5M | 16 |
| Power Norge As Avd Grimstad | Odden 2, 4876 Grimstad | Electronics Store | 66.6M | 1.6M | 15 |
The agricultural sector has more companies and higher economic activity compared to electrical goods retail. This shows that agriculture has been a more attractive industry for entrepreneurs in Grimstad.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Optikkhuset Grimstad As | optical store | Storgaten 26, 4876 Grimstad | NOK 16.8M | 13 | NOK 4.0M |
| Evenstad Musikk Distribusjon As | audio equipment / musical instruments store | Industriveien 4, 4879 Grimstad | NOK 107.8M | 16 | NOK 2.5M |
| Power Norge As Avd Grimstad | electronics store | Odden 2, 4876 Grimstad | NOK 66.6M | 15 | NOK 1.6M |
| Grimstad Elektromarked As | electronics store | Bergemoveien 40, 4886 Grimstad | NOK 22.2M | 12 | NOK 987.0K |
| Brilleland Avd 435 Grimstad | optical store | Odden 1, 4876 Grimstad | NOK 11.2M | 11 | NOK 815.7K |
| Helsebutikken I Grimstad As | optical store | Storgaten 31, 4876 Grimstad | NOK 11.4M | 7 | NOK 418.0K |
| Boomcar As | computer store | Bergemoveien 15, 4886 Grimstad | NOK 3.2M | 3 | NOK 94.0K |
| Agder Musikk Ingeman Stad | audio equipment / musical instruments store | Voss gate 1, 4878 Grimstad | NOK 0 | 0 | NOK 0 |
| Dycon As | computer store | Østre Vessøya 96A, 4870 Fevik | NOK 0 | 0 | NOK 0 |
| Fevik Optikk As | optical store | Feviktoppen 5, 4870 | NOK 2.2M | 5 | NOK 0 |
| Holter Sto | electronics store | c/o Teodor Løvlie Holter|Nedre Hausland 33, 4870 Fevik | NOK 0 | 0 | NOK 0 |
| Interoptik Holvik | optical store | Storgaten 17, 4876 Grimstad | NOK 0 | 8 | NOK 0 |
| Kunstvegg Dovland | audio equipment / musical instruments store | Brattemoen 3, 4870 Fevik | NOK 0 | 0 | NOK 0 |
| Peter Lukas | audio equipment / musical instruments store | Storgaten 33, 4876 Grimstad | NOK 0 | 0 | NOK 0 |
| Reftel Konsulenttjenester | computer store | Lauvstøveien 47, 4876 Grimstad | NOK 0 | 0 | NOK 0 |
| Sion Kassettmisjon | audio equipment / musical instruments store | ESKEDAL, 4885 Grimstad | NOK 0 | 0 | NOK 0 |
| Trendpanther By Glemmestad | electronics store | Grooseveien 64, 4879 Grimstad | NOK 0 | 0 | NOK 0 |
| Systemverk As | computer store | c/o Eirik Halvorsen|Solveien 13B, 4879 Grimstad | NOK 89.0K | 0 | NOK -1.0K |
Conclusion
Electrical goods retail in Grimstad is an industry in stagnation with no activities in recent years. The only company is bankrupt, and there is no growth in the number of employees or sales. At the same time, data from the agricultural sector shows that Grimstad has a more dynamic economic structure, with growth in both sales and number of employees. This shows that agriculture has been a more attractive industry for entrepreneurs in the municipality. Entrepreneurs considering establishing themselves in Grimstad should consider exploring opportunities in the agricultural sector or finding a unique position in electrical goods retail to create value in an industry that has not been active in the municipality for a long time. SmartGrunder can help find suitable addresses and develop strategies to establish themselves in Grimstad.