The Fish Warehouse Industry in Kinn: Current Situation and Future Perspectives

The fish warehouse industry in Kinn is a small and static sector with only two registered companies. These companies have no employees, no sales revenue, and no operating profit. The industry has been marked by large variations in the number of employees and sales revenue over time, with a sharp decline in 2020 and an increase in 2021 that did not last. At the same time, data shows that the industry has not been involved in bankruptcy, which suggests that the companies are still operating, even though they have no activity.

Economic trends

Sales development: The fish warehouse industry reached a peak in 2017 with 3.0 million NOK in sales revenue, but sales fell to 2.4 million NOK in 2019 and were then completely halted in 2020. In 2021 and 2022, zero sales revenue was reported, indicating a long-term stagnation.

Employee development: The number of employees increased sharply from 1 to 7 employees between 2020 and 2021, but then fell back to 4 employees in 2022. This shows an unstable labor market situation in the industry.

Registered companies

Only two companies are registered in the fish warehouse industry in Kinn:

1. Ole Midtgård (Street 5 54, Måløy) – Established 2021-12-17, organizational form ENK, no employees, no sales revenue.
2. Ole Midtgård (Street 5 54, Måløy) – Established 2022-01-01, organizational form ENK, no employees, no sales revenue.

Both companies are registered in Måløy and have not been involved in bankruptcy. No operating profit, salary costs, or other economic data have been reported.

Geographic distribution

Both companies in the fish warehouse industry are registered in Måløy, which is one of the municipality's urban districts. Måløy is an important economic hub in Kinn, with connections to the port and tourism. No activity has been reported in other urban districts in the municipality in this industry.

The industry has not been involved in bankruptcy, which suggests that the companies are still operating, even though they have no activity. No operating profit, salary costs, or other economic data have been reported. This may indicate that the companies are either in the start-up phase, have ceased operations, or have a very small business.

Development trends for entrepreneurs

For entrepreneurs considering starting a fish warehouse business in Kinn, the data shows a very small and static industry. There are no clear growth trends, and no operating profit or employees have been reported. This may be a challenge, but it also presents opportunities to fill a niche in the market. At the same time, entrepreneurs should consider looking at nearby sectors in the services group, which have more activity and stable development.

Comparison with the services sector

The services sector in Kinn has 38 companies, showing that the fish warehouse industry is a small part of this broader category. The services sector has stable sales development with a peak in 2020 (692.2 million NOK) and a decline in 2025 (495.7 million NOK). The number of employees has been more stable, with an increase from 296 to 364 employees between 2020 and 2026.

Peer companies in the services sector include supermarkets, discount stores, and kiosks, which have higher sales revenue and EBITDA. For example, Eurospar Krokane (NOK 119.5M in sales) and Ng Kiwi Vest As Avd 883 Florø (NOK 102.5M in sales) have higher operating profits than the fish warehouse industry.

The fish warehouse industry in Kinn is a small and static sector with only two companies. The industry has not been involved in bankruptcy, but has no operating profit or employees. This shows that the companies are either in the start-up phase or have a very small business. At the same time, data shows that the services sector in Kinn has more activity and stable development, which may be a better opportunity for entrepreneurs. SmartGrunder can help entrepreneurs find suitable addresses in Kinn for this industry, with a focus on development opportunities in nearby sectors.