Ethnic Grocery Store in Stord: A Comprehensive Overview

Industry Overview

The ethnic grocery store industry in Stord is a small but growing sector with two registered companies. In recent years, the industry has shown significant increases in both sales and number of employees, although there have been variations in the development. There are no registered bankruptcies in the industry, which indicates a stable industry. The industry has an EBITDA margin of 4% and a gross profit of 27%, which shows good financial health for the operating companies.

Sales and Employee Development:

• Sales: From 0 NOK in 2016 to 7.1 million NOK in 2025, with an annual growth of 15% in 2025.
• Employees: From 0 in 2016 to 8 in 2026, with a growth of +14.3% from 2025 to 2026.

Key Figures:

• EBITDA margin: 4%
• Gross profit: 27%
• Operating margin: 3%
• EBITDA per employee: 88,300 NOK

Yearly Development:

• Sales had an extreme growth of +28,134.6% from 2017 to 2018, but stabilized afterward with an average annual growth of approximately 10% from 2018 to 2025.
• Employees had an extreme growth of +500% from 2020 to 2021, but have been more stable with minor variations afterward.

Registered Companies in Stord:

1. Leirvik Internasjonal Mat Butikk As

• Address: Borggata 16, Stord
• Founded: 2020-02-25
• Number of employees: 4
• Financials: No sales or operating profit reported
• Organizational form: AS

1. Tida Asia Marked As

• Address: Torget 8, Stord
• Founded: 2017-10-05
• Number of employees: 4
• Financials: Sales of 7.1 million NOK, operating profit of 286,000 NOK, EBITDA of 293,000 NOK
• Organizational form: AS

Organizational Form:

• AS is the only organizational form in the industry, with 2 companies and 8 employees in total.

Location within the Municipality:

• Stord: 2 companies, 8 employees, operating income of 7.2 million NOK, sales of 7.1 million NOK, wages of 836,000 NOK, operating profit of 286,000 NOK, EBITDA of 293,000 NOK, gross profit of 2.0 million NOK, equity of 632,000 NOK, debt of 351,000 NOK.

Geographic Distribution:

• All companies in the industry are located in Stord, with no activity reported from other districts in the municipality.

Bankruptcy Statistics:

• No bankruptcies reported in the industry in Stord, which indicates a stable industry.

Growth and Variations:

• Sales had an extreme growth from 2017 to 2018, but have been more stable afterward.
• Employees had an extreme growth from 2020 to 2021, but have been more stable afterward.

Outlook for Future Growth:

• With an annual sales growth of approximately 10% and stable number of employees, it appears that the industry has potential for further growth, especially with a focus on improving operating profit and EBITDA margin.

Outlook for Entrepreneurs

Growth Potential:

• The industry has shown significant growth in sales and number of employees, which indicates a growing market for ethnic grocery stores in Stord.

Challenges:

• Fluctuations in the number of employees and operating profit can be a challenge for new companies.

Recommendation:

• Entrepreneurs should consider focusing on improving operating profit and EBITDA margin, as well as ensuring stable access to employees.

SmartGrunder:

• SmartGrunder can help entrepreneurs find suitable addresses in Stord for this industry, with a focus on future development opportunities.

Parent Industry (Services):

• Number of companies: 38
• Sales: 574.3 million NOK in 2025, with an annual decline of 40.2% from 2024 to 2025.
• Employees: 354 in 2026, with stable development over the years.

Peer Companies in the Services Industry:

• Extra Stord Avd 285: Sales of 93.8 million NOK, EBITDA of 4.9 million NOK, 35 employees.
• Ng Kiwi Rogaland As Avd 607 Kunnskapshuset: Sales of 77.2 million NOK, EBITDA of 4.2 million NOK, 24 employees.
• Ng Kiwi Rogaland As Avd 601 Studalen: Sales of 73.5 million NOK, EBITDA of 4.0 million NOK, 19 employees.

Contrast with the Ethnic Grocery Store Industry:

• The services industry has significantly higher sales and number of companies, but a lower EBITDA margin compared to the ethnic grocery store industry.

Summary:

• The ethnic grocery store industry in Stord has shown significant growth in sales and number of employees, but has a smaller scope compared to the parent services industry.
• With no bankruptcies and stable financial health, it appears that the industry has potential for further growth.
• Entrepreneurs should consider focusing on improving operating profit and EBITDA margin, as well as ensuring stable access to employees.

SmartGrunder:

• SmartGrunder can help entrepreneurs find suitable addresses in Stord for this industry, with a focus on future development opportunities.