Ethnic Stores in Ålesund: A Detailed Analysis of Companies, Statistics, and Future Perspectives

This article provides a detailed overview of the local industry for ethnic stores in Ålesund. We analyze company structure, economic trends, geographic distribution, dynamics, and future perspectives. The data shows that the industry has both strengths and challenges, with a mix of stable and highly variable companies. The article is intended for entrepreneurs, local decision-makers, and others interested in this sector.

Economic Trends

Sales and Employees:

The industry experienced a significant increase in sales from 2016 to 2020, but a dramatic decline in 2025. The number of employees fluctuated, peaking in 2021, followed by a decline in 2023 and an increase in 2025.

Key Companies in the Industry

The following companies are registered in Ålesund within the ethnic stores sector:

1. Storfjord Iskrem Consept As (Tollbugata 3) – 19 employees, AS company structure, founded 2023. Sales and operating profit are 0.
2. Tonjes Mathjørne As (Skaregata 1) – 9 employees, AS company structure, founded 2019. Sales: 25.5M NOK, EBITDA: 2.0M NOK.
3. Ålesund Asia Shop As (Kirkegata 2) – 7 employees, AS company structure, founded 2012. Sales: 11.1M NOK, EBITDA: 212.0K NOK.
4. Armis As (Tverrvegen 34) – 4 employees, AS company structure, founded 2015. Sales and operating profit are 0.

All companies are registered as AS, and there are no bankrupt companies in the industry.

All companies in the industry are registered in Ålesund. There are 4 companies and 39 employees in the municipality. There is no sub-division of companies into sub-areas within the municipality.

Operational Dynamics and Bankruptcy Statistics

None of the companies in the industry are registered as bankrupt, but there are variations in operating profit and sales:

• Armis As has 0 sales and 0 operating profit.
• Storfjord Iskrem Consept As has 0 sales and 0 operating profit.
• Ålesund Asia Shop As has an EBITDA margin of 1%, which is lower than the industry average.
• Tonjes Mathjørne As has an EBITDA margin of 7%, which is higher than the average.

This shows that the industry has both stable and unstable companies, with significant variation in economic results.

Future Perspectives for Entrepreneurs

The ethnic stores industry in Ålesund has both opportunities and challenges. There is an increase in the number of employees from 2023 to 2025, which may indicate growing interest in the sector. However, there is a sharp decline in sales in 2025, which may be a challenge for new companies.

Opportunities:

• Increasing population and economic growth in Ålesund may lead to increased demand for ethnic products.
• Larger companies such as Tonjes Mathjørne As have demonstrated good economic performance, which can serve as an example for new entrepreneurs.

Challenges:

• Armis As and Storfjord Iskrem Consept As have 0 sales and operating profit, which may indicate high competitiveness in the industry.
• Ålesund Asia Shop As has a low EBITDA margin, which may be a challenge for new companies.

The services sector in Ålesund has 144 companies, which is much higher than the 4 companies in ethnic stores. Sales in the services sector have a greater variation than in ethnic stores, but ethnic stores have a higher EBITDA margin (5% vs. 2.2M NOK in the services sector).

Peer companies in the services sector:

Ethnic stores have a lower sales volume than these companies, but a higher EBITDA margin. This may indicate that ethnic stores have a higher margin than the larger companies in the services sector.

The ethnic stores industry in Ålesund has both opportunities and challenges. There is an increase in the number of employees and stable companies such as Tonjes Mathjørne As, but there are also companies with 0 sales and operating profit. SmartGrunder can help entrepreneurs find suitable addresses and analyze the market in Ålesund for this industry.