Hair Salon Industry in Molde: A Comprehensive Analysis

Other Observations

• Market Size: There are a total of 46 companies in the hair salon industry in Molde, but only 16 are reported in this analysis. This is because data is not always complete for all companies.
• Bankruptcies: One company (Cut'n Go Molde As) is registered as bankrupt, which may affect trust and the market.
• Organizational Forms: Most companies are AS entities, with one ENK organization.
• Location: Activity is most concentrated in Molde city center, with less presence in peripheral areas such as Bolsøya and Midsund.

Industry Key Figures

Development Trends

• Sales: Largest increase in 2021 (+5.8%) and smallest in 2024 (-7.3%).
• Employees: Largest decline in 2017 (-10.4%) and smallest in 2025 (-1.5%).
• EBITDA Margins: Variable, with highest in 2021 (11%) and lowest in 2024 (0%).

Key Companies in the Industry

Organizational Forms

• AS: 19 companies, 137 employees, 64.3M in operating income.
• ENK: 1 company, 1 employee, 0 in operating income.

Distribution of Activity in the Municipality

Centrality in Molde

• Molde: 14 companies and 91 employees, highest activity.
• Bolsøya: One large salon school with 29 employees, but no operating income.
• Eidsvåg: 3 companies with higher EBITDA margins (7%) compared to Molde (4%).

Bankruptcies and Operating Results

• Bankruptcies: One company (Cut'n Go Molde As) is registered as bankrupt, with 0 in operating income and 0 employees.
• Operating Results: Most companies have positive EBITDA, but the variation is large (from -6% to 11%).
• Exposure: Companies in Molde have higher average EBITDA (28K/employee) compared to Eidsvåg (54.6K/employee).

Outlook for Founders

• Market Size: 46 companies in the municipality, but competition is strongly concentrated in the city center.
• Establishment Opportunities: Highest potential in Molde city center, where there are 14 companies and 91 employees.
• EBITDA Margins: Variable, but companies with higher margins (such as Milla's Hårhjørne As with 11%) can be models for efficiency.
• Risk: Bankruptcy in Molde (Cut'n Go) shows that economic instability can occur, especially for new companies.

Comparison with the Broader Hairdresser Salon Sector

• Size: The hairdresser salon sector has 86 companies in Molde, compared to 46 in the hair salon industry.
• Sales: The hairdresser salon sector had 63.8M in 2016, compared to 59.5M for the hair salon industry.
• Employees: The hairdresser salon sector had 177 employees in 2016, compared to 164 in the hair salon industry.
• Peer Companies: Examples of companies in the hairdresser salon sector that are not hair salons include Mona Hoem As (beauty salon) and Siren Holding As (beauty salon with 3.7M in sales and -1.1M EBITDA).

Conclusion

The hair salon industry in Molde shows both potential and challenges. With 46 companies and a market size of over 60M in sales, it is a stable sector. However, competition is strongly concentrated in the city center, and EBITDA margins vary significantly. Founders should focus on location in Molde city center, consider efficiency models from companies with high EBITDA (such as Milla's Hårhjørne As), and be aware of risk factors such as bankruptcy (Cut'n Go Molde As). At the same time, the comparison with the hairdresser salon sector shows that there is room for development in a broader sector with 86 companies.