Industry · municipality
Electrical Goods Retail in Sola: Current Status and Future Outlook
A detailed analysis of the industry, companies, and development in the municipality
Brief Overview of the Industry in Sola
Industry Overview
Electrical goods retail in Sola presents a unique situation where no active companies in this industry are registered in the municipality. The only recorded sales amounting to NOK 5,500 in 2020 highlights extremely low activity. Meanwhile, data on agriculture (as a broader industry group) shows a more dynamic industry with multiple companies and variable sales over time. This creates an interesting contrast that may be relevant for entrepreneurs considering establishing themselves in Sola.
Economic Overview of the Industry
Economic Development
Electrical goods retail in Sola has shown extremely low activity over the past few years. Data shows that:
| Year | Sales (NOK) | Number of Employees |
|---|---|---|
| 2016–2025 | 0 (outside 2020) | 0 |
In 2020, a unique sales figure of NOK 5,500 occurred, but this is very low compared to nearby industries. There are no registered employees in the industry in the municipality, indicating that no business activity has been established in this sector.
Companies in the Electrical Goods Retail Industry
Companies in the Industry
There are no registered companies in the electrical goods retail industry in Sola. Therefore, there are no organizational forms or details about companies that can be analyzed. This underscores that the industry is not present in the municipality.
Geographic Distribution of Activity
Geographic Distribution
There is no detailed data on the distribution of activity per neighborhood or location in Sola for the electrical goods retail industry. This is due to no business activity being registered in the industry in the municipality.
Dynamics and Stability in the Industry
Dynamics and Stability
There are no registered bankruptcy data or companies in bankruptcy in the electrical goods retail industry in Sola. This indicates that there have been no business closures or financial challenges in the industry in the municipality. At the same time, there is no data on company dynamics that can be analyzed.
Outlook for Entrepreneurs in the Industry
Outlook for Entrepreneurs
For entrepreneurs considering establishing themselves in the electrical goods retail industry in Sola, data shows a unique opportunity. With no existing companies in the industry, it may be possible to fill a gap in the market. However, entrepreneurs should be aware of:
- Low local demand: The very low sales level (NOK 5,500 in 2020) indicates that no market for electrical goods retail has been established in the municipality.
- Competitiveness: It may be challenging to compete with larger cities in Rogaland such as Stavanger, where such stores are more common.
- Strategic positioning: Entrepreneurs should consider establishing themselves near larger cities or utilizing digital sales channels to reach customers.
SmartGrunder can help entrepreneurs find suitable addresses and strategies to establish themselves in Sola.
Outlook for Agriculture as a Broader Industry
Agriculture is a broader industry group in Sola with 11 companies, in contrast to electrical goods retail, which has 0 companies. Economically, agriculture shows a more stable development:
| Year | Sales (NOK) | Number of Employees |
|---|---|---|
| 2016 | 8.8M | 12 |
| 2023 | 22.1M | 12 |
| 2025 | 26.4M | 13 |
Peer companies in agriculture (but not in electrical goods retail):
| Company | Industry | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|
| Hifi Klubben As Avd Forus | Phone Store | 20.0M | 891.9K |
| Alliance Optikk Sola As | Optician Store | 7.6M | 330.0K |
This shows that agriculture has a more robust economic structure compared to electrical goods retail in Sola. Entrepreneurs should consider comparing their plans with this broader industry to find relevant strategies.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Hifi Klubben As Avd Forus | phone store | Røynebergsletta 1, 4033 Stavanger | NOK 20.0M | 5 | NOK 891.9K |
| Alliance Optikk Sola As | optical store | Solakrossvegen 26, 4050 | NOK 7.6M | 6 | NOK 330.0K |
| Abuassaf Group | audio equipment / musical instruments store | Novkrokene 3, 4044 Hafrsfjord | NOK 0 | 0 | NOK 0 |
| Km Pérez | computer store | c/o Kristine Myre Pérez|Joavegen 191, 4055 Sola | NOK 0 | 0 | NOK 0 |
| Mikalsen Radio & Tv | computer store | Solastrandvegen 115, 4055 | NOK 0 | 0 | NOK 0 |
| Niazi Tananger Optikk | optical store | Torkelstien 3, 4056 Tananger | NOK 0 | 0 | NOK 0 |
| Optikeren Rolf Myrland | optical store | Solakrossen 2, 4050 | NOK 0 | 0 | NOK 0 |
| Popovic Mnogø | audio equipment / musical instruments store | Geilen 17, 4051 Sola | NOK 0 | 0 | NOK 0 |
| Scandictech As | computer store | Solbergvegen 5, 4051 Sola | NOK 0 | 0 | NOK 0 |
| Scandictech As | phone store | Solbergvegen 5, 4051 Sola | NOK 0 | 0 | NOK 0 |
| Stillkon Norge Anita Reiersen | audio equipment / musical instruments store | Sørsjøvegen 14, 4052 Røyneberg | NOK 0 | 0 | NOK 0 |
Conclusion and Future Perspectives
Conclusion
Electrical goods retail in Sola presents a unique situation where no business activity in the industry is registered. This creates both challenges and opportunities for entrepreneurs wishing to establish themselves in the municipality. With extremely low local demand and no competitors, it may be possible to fill a gap in the market. However, entrepreneurs should be mindful of utilizing strategic locations and digital sales channels to reach customers. SmartGrunder can help with finding suitable addresses and developing strategies to establish themselves in Sola.