Industry · municipality
Ethnic Grocery Store in Voss
An analytical article about the industry, companies, and outlooks in Voss municipality
Executive Summary
Industry Overview
The ethnic grocery store industry in Voss is a small but active sector with two registered companies. The industry has shown variation in sales and employees over time, with a general trend of growth up to 2023, followed by a mild decline in recent years. Companies in the industry operate with a mix of positive and negative EBITDA margins, indicating variation in financial health. The industry has not experienced bankruptcy in the registered companies, but it is important to note that some companies operate with negative results.
SmartGrunder can help entrepreneurs find suitable locations in Voss for this industry, based on local conditions and market trends.
Economic Overview
Sales and employee development:
- Sales: The industry had an increase in sales from 2016 to 2023, with a peak of NOK 9.2 million in 2023. There has been a decline in 2024 and 2025, but a mild increase in 2026.
- Employees: The number of employees has varied over time, with an increase from 4 in 2016 to 10 in 2026. There have been periods of both strong growth and decline, especially in 2020 and 2021.
Financial indicators:
- EBITDA margins: The industry has a generally negative EBITDA margin, with the exception of Canari As, which had a positive margin of 0% in 2023.
- Debt and equity: Companies have a mix of high debt and negative equity, which may indicate financial challenges.
Trend analysis: Sales have shown strong growth up to 2023, but there is important monitoring of recent years. Employee numbers have been more stable, with a general trend of growth.
Companies in the Industry
In Voss, there are two companies registered in the ethnic grocery store industry:
- Tan Thaimat As (Hardangervegen 25, Voss)
- Organizational form: AS
- Founded: 2015-03-10
- Employees: 6
- Sales: NOK 4.0 million
- EBITDA: NOK -234.0K
- Debt: NOK 1.6 million
- Equity: NOK -650.0K
- Canari As (Vangsgata 54, Voss)
- Organizational form: AS
- Founded: 2014-10-10
- Employees: 4
- Sales: NOK 4.9 million
- EBITDA: NOK 43.0K
- Debt: NOK 231.0K
- Equity: NOK 505.0K
Organizational form: Both companies are registered as AS, showing a standardized structure in the industry. Canari As has better financial health compared to Tan Thaimat As.
Business Geography
In Voss, there is one area active in the ethnic grocery store industry:
- Voss: 2 companies, 10 employees, sales of NOK 8.9 million, operating income of NOK 8.9 million, wages of NOK 2.1 million, operating profit of NOK -279.0K, EBITDA of NOK -191.0K, gross profit of NOK 3.2 million, total equity of NOK -145.0K, total debt of NOK 1.8 million, sales growth of 3%, operating income per employee of NOK 921.7K, EBITDA margin of -2%, EBITDA per employee of NOK -19,8K, gross margin of 35%, operating margin of -3%.
Location: Companies are distributed across different addresses in Voss, but there are no specific details about where they are located in the city. It is important to investigate local conditions to find optimal locations for new companies.
Business Dynamics
Bankruptcies and financial challenges:
- Bankruptcies: There are no registered bankruptcies in the companies listed in the industry, but it is important to note that some companies operate with negative EBITDA margins.
- Financial health: Tan Thaimat As has a negative EBITDA margin of -5%, while Canari As has a positive margin of 0%. This shows that there is variation in financial health among the companies.
- Debt and equity: Companies have a mix of high debt and negative equity, which may indicate financial challenges.
Conclusion: The industry has a mix of companies with different financial health, and it is important to be aware of this when considering starting a company in this industry.
Outlook
Outlook for Entrepreneurs
Market trends: The industry has shown strong growth in sales up to 2023, but there has been a mild decline in recent years. This may indicate stable, but not very rapid growth in the industry.
Competitiveness: There are two companies in the industry, which may provide opportunities for differentiation and market share. Canari As has better financial health compared to Tan Thaimat As, which may be an important factor to consider.
Challenges: Companies operate with a mix of positive and negative EBITDA margins, which may indicate financial challenges. It is also important to be aware of debt and equity.
Opportunities: There are opportunities to develop in the industry, especially if one can adapt to local needs and offer a unique product. SmartGrunder can help entrepreneurs find suitable locations in Voss for this industry, based on local conditions and market trends.
Outlook for the Services Sector
Broader industry grouping: The services sector in Voss has 41 companies, showing that this is a larger and more diversified sector compared to the ethnic grocery store industry. The services sector has a higher sales volume, with a peak of NOK 924.2 million in 2020, but there has been a decline in 2025.
Contrast with the ethnic grocery store industry: The services sector has a more stable sales volume over time, while the ethnic grocery store industry has shown more variation. The services sector also has a higher number of employees, with a peak of 397 in 2016, while the ethnic grocery store industry has a smaller number of employees.
Peer companies: The services sector includes companies such as Ng Kiwi Vest As Avd 811 Palmafossen, Meny Voss, and Extra Skulestadmo, which have higher sales and more employees compared to companies in the ethnic grocery store industry. This shows that the services sector has a broader and more stable structure.
Conclusion: The services sector has a higher sales volume and more companies compared to the ethnic grocery store industry, which may provide opportunities for collaboration and development in the industry.
Other companies in tjenester (not in ethnic grocery store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Ng Kiwi Vest As Avd 811 Palmafossen | supermarket chain | Tjukkebygdvegen 16, 5706 Voss | NOK 148.6M | 42 | NOK 6.7M |
| Meny Voss | supermarket chain | Hardangervegen 25, 5705 Voss | NOK 97.4M | 46 | NOK 4.6M |
| Extra Skulestadmo | supermarket chain | Nedkvitnesvegen 2, 5710 Skulestadmo | NOK 87.8M | 27 | NOK 3.5M |
| Ng Kiwi Vest As Avd 812 Vangen | supermarket chain | Uttrågata 11, 5700 Voss | NOK 71.7M | 22 | NOK 3.2M |
| Ng Kiwi Vest As Avd 872 Skulestadmo | supermarket | Fitjavegen 5, 5710 Skulestadmo | NOK 71.7M | 20 | NOK 3.2M |
| Normal Norge As Avd No1051 Voss Amfi | discount store | Hardangervegen 25, 5705 Voss | NOK 24.0M | 15 | NOK 2.7M |
| Extra Voss | supermarket chain | Sverresplassen 3, 5700 Voss | NOK 54.3M | 12 | NOK 2.2M |
| Clas Ohlson As Avd Voss Handelshus | other non-specialised store | Brynamoen 8, 5705 Voss | NOK 42.3M | 16 | NOK 2.1M |
| Vossestrand Handel As | supermarket | Myrkdalsvegen 3, 5713 Vossestrand | NOK 27.5M | 29 | NOK 1.4M |
| Spar Voss | supermarket chain | Utrågata 16, 5700 Voss | NOK 44.7M | 17 | NOK 1.1M |
| Coop Prix Granvin | supermarket | 0, 5733 Granvin | NOK 20.9M | 12 | NOK 840.6K |
| Evanger Landhandleri As | supermarket | Bjørgåsvegen 6, 5707 Evanger | NOK 10.0M | 9 | NOK 650.0K |
| Dyrdal Haugamoen A/s | supermarket | Bordalsvegen 29A, 5700 Voss | NOK 15.4M | 9 | NOK 391.0K |
| Ekta As | food/beverages/tobacco stores | Vangsgata 50, 5700 Voss | NOK 2.4M | 5 | NOK 322.0K |
| Evanger Spekjemat As | supermarket | Uttrågata 43, 5700 Voss | NOK 3.7M | 4 | NOK 189.0K |
| Joker Granvin | supermarket | Hardangervegen 2509, 5736 Granvin | NOK 13.5M | 6 | NOK 62.0K |
| Joker Haugsvik | supermarket | Haugsvik, 5713 Vossestrand | NOK 7.8M | 4 | NOK 9.0K |
| Alfa Mat Butikk As | supermarket | Vangsgata 20, 5700 Voss | NOK 0 | 0 | NOK 0 |
| Alfa Mat Butikk As Konkursbo | supermarket | Vangsgata 20, 5700 Voss | NOK 0 | 0 | NOK 0 |
| Boombox As | supermarket | Strandavegen 19, 5705 Voss | NOK 0 | 0 | NOK 0 |
| Coop Prix Voss | supermarket chain | Uttrågata 36, 5700 Voss | NOK 0 | 8 | NOK 0 |
| Eikeblad As | other non-specialised store | Gullfjordungsvegen 5, 5704 Voss | NOK 0 | 0 | NOK 0 |
| Elsport Tillung | other non-specialised store | Utsikten 1, 5704 Voss | NOK 0 | 0 | NOK 0 |
| Hagenes Lavik Iris Hagenes | other non-specialised store | Regimentsvegen 225, 5705 Voss | NOK 0 | 0 | NOK 0 |
| Healthy Diet As | food/beverages/tobacco stores | Hardangervegen 25, 5705 Voss | NOK 0 | 8 | NOK 0 |
| Kjerland Gardsbutikk Reidun Sleire | fruit/vegetables stores | Kjerlandsvegen 42, 5736 Granvin | NOK 0 | 0 | NOK 0 |
| Kårdal Handel As | supermarket | Kårdalstunet 20, 5706 Voss | NOK 0 | 1 | NOK 0 |
| Lars S Oppheim Etterf & Co | supermarket | Oppheim, 5713 Vossestrand | NOK 0 | 0 | NOK 0 |
| Luft & Kjærleik Erik Røthe Klette | other non-specialised store | c/o Erik Røthe Klette|Hadlingen 30, 5706 Voss | NOK 0 | 0 | NOK 0 |
| Skinup As | discount store | Mykkeltveitvegen 147, 5707 Evanger | NOK 0 | 0 | NOK 0 |
| Skulestadmo Dagligvare As | supermarket chain | REMA 1000 Skulestadmo|Strandavegen 335, 5710 | NOK 0 | 23 | NOK 0 |
| Tan Thaimat Da | supermarket | Hardangervegen 25, 5705 Voss | NOK 0 | 0 | NOK 0 |
| Voss Dagligvare As | supermarket | Evangervegen 11, 5704 Voss | NOK 0 | 8 | NOK 0 |
| Zetzon As | other non-specialised store | Øvre Langhaugen 17, 5709 Voss | NOK 0 | 0 | NOK 0 |
| Olav Teigen Dagligvarer As | supermarket chain | Vangsgata 20, 5700 Voss | NOK 0 | 0 | NOK -10.0K |
| Palmafossen Matopplevelser As | supermarket chain | c/o REMA 1000 PALMAFOSSEN|Tjukkebygdvegen 7, 5706 Voss | NOK 73.8M | 24 | NOK -184.0K |
| G Kløve Ll | supermarket | Vangsgata 44, 5700 Voss | NOK 6.4M | 7 | NOK -189.0K |
| Dyrdal Mat As | supermarket | Vangsgata 20, 5700 Voss | NOK 10.9M | 0 | NOK -226.0K |
| Vinmonopolet As Butikk Voss | alcohol store | Sverresplassen 4, 5700 Voss | NOK 56.0M | 10 | NOK -753.0K |
Conclusion
The ethnic grocery store industry in Voss is a small but active sector with two registered companies. The industry has shown variation in sales and employees over time, with a general trend of growth up to 2023, followed by a mild decline in recent years. Companies in the industry operate with a mix of positive and negative EBITDA margins, indicating variation in financial health. The industry has not experienced bankruptcy in the registered companies, but it is important to note that some companies operate with negative results.
The services sector in Voss has a higher sales volume and more companies compared to the ethnic grocery store industry, which may provide opportunities for collaboration and development in the industry. SmartGrunder can help entrepreneurs find suitable locations in Voss for this industry, based on local conditions and market trends.