Industry · municipality
Ethnic Shops in Horten: A Detailed Analysis of the Industry
Economic Overview, Companies, and Outlook for Entrepreneurs and Local Decision-Makers
Executive Summary
Other Observations
In Horten, there has been a slightly increasing trend in the number of employees in ethnic shops from 2016 to 2018, peaking at 8 employees in 2018. After that, the number of employees has gradually decreased, and in 2024, only 2 employees are registered in the industry. This may indicate that there have been challenges in maintaining staff in the industry in recent years.
Regarding revenue, there has been an increase from 2016 to 2021, peaking at 4.1 million NOK in 2021. After that, revenue has decreased, and in 2023, it stood at 3.8 million NOK. This shows that the industry has had a certain degree of stability in revenue, but also challenges in maintaining the level in recent years.
It is important to note that these figures do not include any small, unregistered businesses, and that there may be an underestimation of the activity in the industry.
Economic Overview
In Horten, there has been a certain degree of growth in revenue for ethnic shops from 2016 to 2021, increasing from 2.8 million NOK in 2016 to 4.1 million NOK in 2021. After that, revenue has decreased, and in 2023, it stood at 3.8 million NOK. This shows that the industry has had a certain degree of stability in revenue, but also challenges in maintaining the level in recent years.
Regarding the number of employees, there has been an increase from 2016 to 2018, peaking at 8 employees in 2018. After that, the number of employees has gradually decreased, and in 2024, only 2 employees are registered in the industry. This may indicate that there have been challenges in maintaining staff in the industry in recent years.
It is important to note that these figures do not include any small, unregistered businesses, and that there may be an underestimation of the activity in the industry.
Companies in the Industry
There is no available information on specific companies in the ethnic shop industry in Horten. Therefore, it is not possible to provide a detailed overview of the individual companies in the industry. However, it is possible to see that there has been a certain degree of variation in the number of employees and revenue over time, which may indicate that there has been a certain degree of dynamism in the industry.
It is also worth noting that there is no available information on the organizational forms of the companies in the industry, which may be a limitation in the analysis of the industry.
Business Geography
There is no available information on how the activity in the industry is geographically distributed in Horten. Therefore, it is not possible to provide a detailed overview of where the individual companies in the industry are located. However, it is possible to see that there has been a certain degree of variation in the number of employees and revenue over time, which may indicate that there has been a certain degree of dynamism in the industry.
It is also worth noting that there is no available information on the organizational forms of the companies in the industry, which may be a limitation in the analysis of the industry.
Business Dynamism
There is no available information on bankruptcy statistics for the ethnic shop industry in Horten. Therefore, it is not possible to provide a detailed overview of how many companies have gone bankrupt in the industry. However, it is possible to see that there has been a certain degree of variation in the number of employees and revenue over time, which may indicate that there has been a certain degree of dynamism in the industry.
It is also worth noting that there is no available information on the organizational forms of the companies in the industry, which may be a limitation in the analysis of the industry.
Outlook
The outlook for the ethnic shop industry in Horten appears to be somewhat unpredictable. There has been a certain degree of growth in revenue from 2016 to 2021, but after that, revenue has decreased. This may indicate that there have been challenges in maintaining the level in the industry in recent years.
It is also worth noting that there has been a declining trend in the number of employees in the industry, which may indicate that there have been challenges in maintaining staff. This could be a challenge for new companies wishing to establish themselves in the industry.
However, there may also be opportunities for growth in the industry, especially if there is an increase in ethnic populations in the area. There may also be opportunities for collaboration with other companies in the industry to achieve greater stability and growth.
Outlook for the Parent Industry
It is possible to compare the ethnic shop industry with the broader services industry in Horten. The broader services industry has had a certain degree of growth in revenue from 2016 to 2020, peaking at 12.32 billion NOK in 2020. After that, revenue has decreased, and in 2023, it stood at 10.17 billion NOK. This shows that the broader services industry has had a certain degree of stability in revenue, but also challenges in maintaining the level in recent years.
Regarding the number of employees, there has been a certain degree of variation in the broader services industry, with a peak of 481 employees in 2016 and a decline to 453 employees in 2023. This shows that there has been a certain degree of dynamism in the broader services industry.
It is also worth noting that there are more companies in the broader services industry than in the ethnic shop industry, which may indicate that there are more opportunities for growth and development in the broader services industry.
Other companies in tjenester (not in ethnic grocery store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Geo Varesenter As | supermarket chain | Grev Wedels gate 46, 3179 Åsgårdstrand | NOK 127.4M | 64 | NOK 8.2M |
| Ng Kiwi Vestfold Telemark As Avd 359 Grønligata | supermarket chain | Grønligata 13, 3188 Horten | NOK 103.9M | 18 | NOK 5.3M |
| Coop Sørøst Sa Avd 2629 Extra Horten Handelspark | supermarket chain | Trimveien 41A, 3188 Horten | NOK 112.1M | 33 | NOK 5.2M |
| Ng Kiwi Vestfold Telemark As Avd 565 Holtandalen | supermarket chain | Gaupestien 1, 3188 Horten | NOK 84.7M | 18 | NOK 4.3M |
| Ng Kiwi Vestfold Telemark As Avd 360 Torggata Horten | supermarket chain | Torggata 9-15, 3181 Horten | NOK 80.8M | 18 | NOK 4.1M |
| Mathuset Horten As | supermarket | Vektergården Senter|Langgata 2, 3187 Horten | NOK 59.8M | 27 | NOK 3.3M |
| Meny Dampejordet | supermarket chain | Dampejordet 1, 3189 Horten | NOK 101.2M | 38 | NOK 2.9M |
| Normal Norge As Avd No1100 Horten Sjøsiden | discount store | Teatergata 6, 3187 Horten | NOK 24.0M | 16 | NOK 2.7M |
| Coop Sørøst Sa Avd 1186 Extra Holtandalen | supermarket chain | H B Haraldsens gate 36, 3188 Horten | NOK 47.6M | 16 | NOK 2.2M |
| Silje Bornø Andersen As | supermarket | Grønligata 21B, 3188 Horten | NOK 66.5M | 15 | NOK 1.2M |
| Life Sjøsiden | health foods store | Sjøsiden Kjøpesenter|Teatergata 6, 3187 Horten | NOK 9.2M | 10 | NOK 741.1K |
| Siddiqi As | supermarket chain | REMA 1000 Linden Park|Strandparken 3, 3187 Horten | NOK 20.3M | 13 | NOK 260.0K |
| Rørestrand Camping As | supermarket | Parkveien 34, 3186 Horten | NOK 30.0K | 0 | NOK 220.0K |
| Nykirke Mat As | supermarket chain | Kopstadveien 3, 3180 Nykirke | NOK 21.1M | 11 | NOK 84.0K |
| Løvmos Handel As | supermarket | Bakkegata 8, 3179 Åsgårdstrand | NOK 16.7M | 11 | NOK 57.0K |
| Aashildrød Timefortea | gourmet food store | Solerødveien 53, 3185 Skoppum | NOK 0 | 0 | NOK 0 |
| Al Musa Super Horten | supermarket chain | Apotekergata 16, 3187 Horten | NOK 0 | 0 | NOK 0 |
| Alfred Berg | supermarket | Torget 2, 3181 Horten | NOK 0 | 0 | NOK 0 |
| Ann Cathrin Sande | other non-specialised store | Østre Braarudgate 7A, 3181 Horten | NOK 0 | 0 | NOK 0 |
| Answul Holding As | other non-specialised store | c/o Henning Anson-Wulff|Kjærveien 28A, 3179 Åsgårdstrand | NOK 0 | 0 | NOK 0 |
| Beachbar As | kiosk | c/o Jon Mørk|Øvre Keisemark 24A, 3183 Horten | NOK 0 | 9 | NOK 0 |
| Black Bay Spring Tea | food/beverages/tobacco stores | Hiorths gate 19, 3186 Horten | NOK 0 | 0 | NOK 0 |
| Coop Sørøst Sa Extra Bekkajordet | supermarket chain | Gamleveien 55, 3189 Horten | NOK 0 | 14 | NOK 0 |
| Grocery Lab Store As | supermarket | Anders Jørgensens gate 20, 3187 Horten | NOK 0 | 5 | NOK 0 |
| Halvorsen Strandbu Da | supermarket | c/o Borre Familie Camping|Steinbrygga 30, 3184 | NOK 0 | 0 | NOK 0 |
| Henriksen Design Og Teknologi | other non-specialised store | Storgata 14, 3181 Horten | NOK 0 | 0 | NOK 0 |
| Irmis Netthandelen Irmantas Diburys | other non-specialised store | Hallingstad 4B, 3184 Borre | NOK 0 | 0 | NOK 0 |
| Johansen Growbees Store | other non-specialised store | Kirkebakken 13A, 3184 Borre | NOK 0 | 0 | NOK 0 |
| Jota Handel Ans | supermarket | Storg 92, 3182 Horten | NOK 0 | 0 | NOK 0 |
| Langøen Konsult | other non-specialised store | Dosent Brynildsens gate 7, 3188 Horten | NOK 0 | 0 | NOK 0 |
| Marimont As | other non-specialised store | c/o Henning Anson-Wulff|Kjærveien 28A, 3179 Åsgårdstrand | NOK 0 | 0 | NOK 0 |
| Ng Kiwi Vestfold Telemark As Avd 556 Skoppum | supermarket chain | Reirveien 5, 3185 Skoppum | NOK 0 | 22 | NOK 0 |
| Ng Kiwi Vestfold Telemark As Avd 966 Borre | supermarket chain | Gannestadveien 3, 3184 Borre | NOK 0 | 25 | NOK 0 |
| O'briens Retro & Vintage Netthandel | other non-specialised store | Apotekergata 16, 3187 Horten | NOK 0 | 0 | NOK 0 |
| Products By Nordvik | food/beverages/tobacco stores | Viulsrødveien 7, 3185 Skoppum | NOK 0 | 0 | NOK 0 |
| Products By Nordvik | gourmet food store | Viulsrødveien 7, 3185 Skoppum | NOK 0 | 0 | NOK 0 |
| R&r Party As | other non-specialised store | Jensebråten 15, 3189 Horten | NOK 0 | 7 | NOK 0 |
| Rcø Dagligvare As | supermarket chain | REMA 1000 LYSTLUNDEN|Moloveien 1A, 3187 Horten | NOK 0 | 22 | NOK 0 |
| Serafin Apio Jørgensen | supermarket chain | Arne Beckers gate 44A, 3188 Horten | NOK 0 | 0 | NOK 0 |
| Siams Line's As | supermarket | Storgata 56, 3182 Horten | NOK 0 | 0 | NOK 0 |
Conclusion
The ethnic shop industry in Horten has had a certain degree of growth in revenue from 2016 to 2021, but after that, revenue has decreased. This may indicate that there have been challenges in maintaining the level in the industry in recent years. It is also worth noting that there has been a declining trend in the number of employees in the industry, which may indicate that there have been challenges in maintaining staff.
However, there may also be opportunities for growth in the industry, especially if there is an increase in ethnic populations in the area. There may also be opportunities for collaboration with other companies in the industry to achieve greater stability and growth.
SmartGrunder can help entrepreneurs find suitable addresses in Horten for this industry, and can provide advice on how to develop in the industry.