Industry · municipality
Ethnic Grocery Stores in Notodden: Current Status and Future Prospects
A Detailed Analysis of the Industry, Companies, and Development Trends
Executive Summary
Industry Overview
Ethnic grocery stores in Notodden represent a very small and static sector. There is only one registered company in the industry, Cherry Andersen Asiabutikk, which is in bankruptcy and reports zero sales and zero employees. This indicates an industry in stagnation, with no growth or activity in recent years. At the same time, data from the broader service sector (parent industry) shows that Notodden has a more dynamic economic environment with more companies and growth in certain sub-sectors. This may indicate potential opportunities for innovation and adaptation in the future.
Economic Overview
Economic Data
Sales and Employees:
- Sales for ethnic grocery stores in Notodden have been 0 NOK each year from 2016 to 2025.
- The number of employees has been 0 each year during the same period.
Conclusion: The industry shows no economic activity or growth. There are no registered sales revenues or employees, indicating that the current situation is extremely unstable. This contrasts with the broader service sector, which has shown more variation and growth in certain years (e.g., +21.6% in 2020 and +17.0% in 2024).
Companies in the Industry
Registered Companies:
- Cherry Andersen Asiabutikk (Heddalsvegen 44, Notodden)
- Organizational form: ENK (sole proprietorship)
- Founded: 2020-10-15
- Bankruptcies: Yes (bankruptcy reported)
- Sales: 0 NOK
- Employees: 0
- EBITDA: 0 NOK
Conclusion: There is only one company in the industry, and it is in bankruptcy. There are no other registered companies or organizational forms in the data. This shows an industry without activity or growth potential at the current time.
Business Geography
Activity distributed across neighborhoods in Notodden:
- Heddalsvegen 44: Cherry Andersen Asiabutikk (the only registered company)
Conclusion: All activities in the industry are concentrated at one address. There is no data about other neighborhoods or geographic distributions. This indicates a very small and insufficient market in Notodden.
Business Dynamism
Bankruptcies and operational activity:
- Cherry Andersen Asiabutikk is in bankruptcy and has no operational results (zero sales, zero employees, zero EBITDA).
- There are no other bankruptcies or operational data for the industry in Notodden.
Conclusion: The industry shows no operational activity or growth. The only company is in bankruptcy, and there is no data about new companies, investments, or development in the sector. This is an industry in stagnation without clear prospects for the future.
Outlook
Future Prospects
Conclusion for Entrepreneurs:
- There are no clear growth opportunities in the industry in Notodden in the short term, given the current situation with one bankrupt company and zero activity.
- This may be a challenge for entrepreneurs considering starting an ethnic grocery store in the municipality.
- There is, however, potential in the broader service sector (parent industry), which has shown growth in certain years and has more companies. Entrepreneurs may consider adapting to this sector with innovation and differentiation.
Recommendation: SmartGrunder can help entrepreneurs explore addresses in Notodden for this industry, especially if it is possible to identify development opportunities in the broader service sector.
Parent Industry (Services) in Notodden
Economic data for services:
- Sales: Grew from 526.8 million NOK in 2016 to 672.4 million NOK in 2021, but dropped to 429.1 million NOK in 2023 before rising to 501.9 million NOK in 2024.
- Employees: Grew from 270 in 2016 to 278 in 2026, with variations in between.
Peer companies in services (non-ethnic grocery stores):
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Nea Gruppen As | Tinnegrendvegen 91 | 30.9M | 10 | 8.8M |
| Ng Kiwi Vestfold Telemark As Avd 394 Notodden | Jernverksgata 6 | 96.2M | 19 | 4.9M |
| Meny Tuven | Tuvenbøygen 2 | 107.7M | 37 | 3.1M |
Conclusion: The broader service sector in Notodden has a more stable and growth-oriented structure compared to ethnic grocery stores. This can provide entrepreneurs with opportunities to develop in a more dynamic sector, even though there are challenges in the current ethnic grocery store industry.
Other companies in tjenester (not in ethnic grocery store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Nea Gruppen As | other non-specialised store | Tinnegrendvegen 91, 3683 Notodden | NOK 30.9M | 10 | NOK 8.8M |
| Ng Kiwi Vestfold Telemark As Avd 394 Notodden | supermarket chain | Jernverksgata 6, 3674 Notodden | NOK 96.2M | 19 | NOK 4.9M |
| Meny Tuven | supermarket chain | Tuvenbøygen 2, 3676 Notodden | NOK 107.7M | 37 | NOK 3.1M |
| Coop Sørøst Sa Avd 1175 Extra Kongsberveien | supermarket chain | Kongsbergveien 49, 3681 Notodden | NOK 47.6M | 11 | NOK 2.2M |
| Normal Norge As Avd No1109 Notodden, Tuven | discount store | Tuvenbøygen 2, 3676 Notodden | NOK 19.2M | 16 | NOK 2.2M |
| Coop Sørøst Sa Avd 2822 Extra Kvantum | supermarket chain | Merdevegen 22, 3676 Notodden | NOK 44.2M | 12 | NOK 2.0M |
| Clas Ohlson As Avd Notodden | other non-specialised store | Tuvenbøygen 2, 3676 Notodden | NOK 32.9M | 14 | NOK 1.7M |
| Tmt Dagligvare As | supermarket chain | Heddalsvegen 49, 3674 Notodden | NOK 29.1M | 14 | NOK 492.0K |
| J O Drift As | supermarket chain | Langkåsveien 15, 3675 Notodden | NOK 11.2M | 9 | NOK 372.0K |
| Olivia Dagligvarer As | supermarket | Storgata 40, 3674 Notodden | NOK 4.9M | 4 | NOK 271.0K |
| Handelscompagniet Peer Gynt As | supermarket | Kongsbergveien 15, 3681 Notodden | NOK 13.1M | 8 | NOK 116.0K |
| Bråtelia Holding As | supermarket | c/o Alexander Bråtelia|Idrettsveien 16, 3678 Notodden | NOK 0 | 0 | NOK 0 |
| Butikk 473 Kvantum Varehus Helge Og June's Kiosk Da | supermarket | Merdevegen 22B, 3676 Notodden | NOK 0 | 0 | NOK 0 |
| Coop Sørøst Sa Extra Notodden Avd 4282 | supermarket chain | Storgata 13, 3674 Notodden | NOK 0 | 15 | NOK 0 |
| Gransherad Butikkdrift As | supermarket | Gransheradvegen 1043, 3691 | NOK 0 | 5 | NOK 0 |
| Ha Li Spekemat Hallgeir Lia | meat store | v/ Hallgeir Lia|Nordre Vestsidaveg 21, 3677 Notodden | NOK 0 | 0 | NOK 0 |
| Healthy Nisse As | food/beverages/tobacco stores | Årlifossvegen 759, 3680 Notodden | NOK 0 | 0 | NOK 0 |
| Healthy Nisse As | gourmet food store | Årlifossvegen 759, 3680 Notodden | NOK 0 | 0 | NOK 0 |
| Hjemmebrent Kaffe As | food/beverages/tobacco stores | c/o Eztheory AS|Otto Sverdrups gate 80, 3678 Notodden | NOK 0 | 0 | NOK 0 |
| Ng Kiwi Vestfold Telemark As Avd 967 Tuven | supermarket | Semsvegen 56, 3676 Notodden | NOK 0 | 22 | NOK 0 |
| Ng Spar Vestfold Telemark As Spar Rambergshjørnet | supermarket chain | Storgata 87, 3674 Notodden | NOK 0 | 34 | NOK 0 |
| Stay Positive Tone Elisabeth Moland | food/beverages/tobacco stores | Tinnesgata 65, 3675 Notodden | NOK 0 | 0 | NOK 0 |
| Sviip Bråthen | other non-specialised store | c/o Einar Al-idani Bråthen|Fridtjof Nansens gate 20, 3679 Notodden | NOK 0 | 0 | NOK 0 |
| Synnøve Skogen Håberg | supermarket | Håbergvegen 129, 3677 Notodden | NOK 0 | 0 | NOK 0 |
| Tommy Johansen As | supermarket chain | c/o REMA 1000 NOTODDEN|Birkelands gate 3, 3674 | NOK 0 | 18 | NOK 0 |
| Tommy Johansen Tuven As | supermarket | C/O REMA 1000 Tuven|Semsvegen 40A, 3676 Notodden | NOK 0 | 20 | NOK 0 |
| Xtra Spare Butikk Mousab Yahaya Moustafa | supermarket | Telegata 7, 3674 Notodden | NOK 0 | 2 | NOK 0 |
| Life Livsstilsbutikk Notodden As | food/beverages/tobacco stores | Tuvenbøygen 2, 3676 Notodden | NOK 4.9M | 6 | NOK -216.0K |
| Vinmonopolet As Butikk Notodden | alcohol store | Storgata 13, 3674 Notodden | NOK 56.0M | 7 | NOK -753.0K |
Conclusion
Ethnic grocery stores in Notodden are an industry in stagnation with one bankrupt company and no activity. This shows an industry without growth or potential at the current time. At the same time, the broader service sector (services) shows a more stable and growth-oriented structure, which can provide entrepreneurs with opportunities to develop in a more dynamic sector. It is important to consider these perspectives when considering starting a business in Notodden.