Ethnic Grocery Stores in Kongsvinger

Industry Overview

In Kongsvinger, there are 2 companies registered within ethnic grocery stores. The industry has shown an increase in the number of employees from 0 to 4 over the past few years, with a significant increase of 33.3% from 2024 to 2025. Although sales data is missing for all years, the growing workforce indicates a gradual development in the industry. There are, however, no registered bankruptcies, which suggests a stable industry in the municipality.

Sales Development: Sales data for all years shows 0 NOK for ethnic grocery stores in Kongsvinger. This may indicate that the companies are either in the start-up phase or that data is not available for public reporting.

Employee Development: The number of employees has increased from 0 in 2016 to 4 in 2026, with a significant increase of 33.3% from 2024 to 2025. This shows a gradual development in the industry, even though the companies are still small in size.

In Kongsvinger, the following companies are registered within ethnic grocery stores:

Organizational Form: There is 1 AS and 1 KBO registered in the industry. AS is the most common organizational form, indicating that most companies are established as limited liability companies.

Austmarka is the only area in Kongsvinger with registered companies within ethnic grocery stores. Here, 1 company (Queen Libra As) is registered with 4 employees. There is no available data for other districts in the municipality, which may indicate that the industry is concentrated in this area.

Bankruptcy Statistics: There are no registered bankruptcies for companies within ethnic grocery stores in Kongsvinger. This indicates that the industry is stable and that the companies have managed to maintain operations.

Bankruptcy Dynamics: Although there are no registered bankruptcies, there is no data on bankruptcy dynamics for the industry. This may be due to the companies being small or data not being available for public reporting.

Outlook for Entrepreneurs

For entrepreneurs considering establishing themselves in the industry in Kongsvinger, the following factors may be relevant:

• Low bankruptcy risk: There are no registered bankruptcies, indicating a stable industry.
• Increasing workforce: The number of employees has increased from 0 to 4, which may indicate growth in the industry.
• Missing sales data: Sales data is missing for the companies, which may be a challenge for entrepreneurs wishing to assess the market potential.
• Bankruptcy dynamics: There is no data on bankruptcy dynamics, which may be a challenge for entrepreneurs wishing to assess the risk of bankruptcy.

SmartGrunder can help entrepreneurs find suitable addresses in Kongsvinger for ethnic grocery stores, based on data and development trends in the municipality.

Service Sector in Kongsvinger has 39 companies, indicating that this is a larger sector than ethnic grocery stores. Sales data for the service sector shows an increase from 516.1 million NOK in 2016 to 742.6 million NOK in 2020, with a later decline to 531.0 million NOK in 2025. The number of employees in the service sector has varied between 248 and 287 over the years.

Peer Companies: When compared with companies in the service sector, ethnic grocery stores have a lower sales volume and fewer employees. Examples of peer companies in the service sector include Kiwi, Coop, and other supermarkets, which have higher sales and EBITDA.

Conclusion: The service sector has a higher sales volume and more companies than ethnic grocery stores, indicating that it has a larger market share. Ethnic grocery stores, however, can find a place in the market by specializing in ethnic customers and offering unique products.

Ethnic grocery stores in Kongsvinger have shown a gradual development with an increasing number of employees, but missing sales data and small companies in operation. There are no registered bankruptcies, indicating a stable industry. For entrepreneurs, it may be possible to establish themselves in the industry, but it is important to assess bankruptcy risk and the market's potential. The service sector has a higher sales volume and more companies, indicating that it has a larger market share. Ethnic grocery stores, however, can find a place in the market by specializing in ethnic customers and offering unique products. SmartGrunder can help entrepreneurs find suitable addresses in Kongsvinger for ethnic grocery stores, based on data and development trends in the municipality.