Home Industry in Askøy

Sales Development:

• Total sales for home industry stores in Askøy have varied significantly in recent years. Sales amounted to NOK 29.8 million in 2016, but there was a sharp decline to NOK 18.0 million in 2018 before a partial recovery to NOK 19.5 million in 2025. The most dramatic decline occurred between 2017–2018 (-36.6 %).
• In 2025, there was an increase of 14.5 % compared to 2024, indicating an improvement in the most recent year.

Employee Development:

• The number of employees has been relatively stable in recent years, with an average of around 28 employees. There was a decline from 36 employees in 2016 to 24 employees in 2020, but an increase to 30 employees in 2024.
• The most significant change occurred between 2019–2020 (-27.3 %), but there has been a gradual stabilization since 2021.

Table: Sales and Employees per Year

Critical Points:

• The large variation in sales and number of employees indicates uncertainty in the industry, especially during periods of economic crises (such as 2020).

In Askøy, there are 7 companies in the home industry sector. Most are organized as AS (4 companies), while some are ENK (3 companies). The key companies include:

• Princess Avd 387 Askøy (Kleppestø): 9 employees, sales of NOK 7.4 million, EBITDA of NOK 171,300.
• Kid Interiør As 103 Avd Askøy (Kleppestø): 8 employees, sales of NOK 9.7 million, EBITDA of NOK 1.4 million.
• Nille Kleppestø (Kleppestø): 6 employees, sales of NOK 0 (inactive company).

Table: Organizational Forms

Important Observations:

• Most companies are AS, indicating they are larger and more stable.
• Nille Kleppestø and several other companies have no sales or employees, which may indicate they are inactive or newly established.

Kleppestø is the only location in Askøy where home industry stores are actively present. Here, there are:

• 4 companies with a total of 28 employees.
• NOK 17.1 million in sales.
• NOK 1.6 million in EBITDA.

Table: Activity per City/Place

Important Observations:

• All companies in the industry are concentrated in Kleppestø, which may indicate a geographic concentration of activity.
• There is no activity in other cities or places in Askøy.

Bankruptcies and Stability:

• There are no bankruptcies registered in the home industry sector in Askøy, indicating relative stability in the industry.
• However, several companies are inactive (e.g., Nille Kleppestø and Nille Askøy Bergen), which may indicate that they have ceased operations or are in a transitional phase.

Table: Bankruptcies and Inactive Companies

Important Observations:

• Although there are no bankruptcies, there are several inactive companies, which may indicate a weakness in the industry.
• There is a gradual improvement in sales and number of employees in 2025, which may indicate an increase in activity.

Outlook for Entrepreneurs

Sales Development:

• There is a clear improvement in sales in 2025 (NOK 19.5 million), which may indicate increasing demand for home industry products in Askøy.
• This could be a good starting point for entrepreneurs wishing to establish themselves in the industry.

Competitiveness:

• There are 7 companies in the industry, indicating a competitive market.
• However, there are several inactive companies, which may provide opportunities for new players.

Important Observations:

• Entrepreneurs should consider establishing themselves in Kleppestø, where there is the most activity in the industry.
• There is a positive development in sales and number of employees in 2025, which may indicate a positive development in the future.

Contrast with the Home Industry Sector:

• Financial services have 15 companies in Askøy, indicating a larger market compared to the home industry sector (7 companies).
• Sales in financial services have been more stable, with a decline of 12.5 % in 2025 compared to 2024, while the home industry sector had an increase of 14.5 %.

Table: Comparison of Financial Services and Home Industry Sector

Important Observations:

• Financial services have a larger market, but the home industry sector has better sales development in 2025.
• Entrepreneurs should consider establishing themselves in the home industry sector, where there is a positive development in sales and number of employees.

The home industry sector in Askøy has shown an uncertain development in recent years, with both significant declines and improvements. However, there is a positive development in 2025, with an increase in sales and number of employees. This may indicate that the sector has a good future, especially in Kleppestø where there is the most activity.

For entrepreneurs, it may be a good opportunity to establish themselves in the sector, especially considering the positive development in 2025. However, they should be aware of the inactive companies and competition from financial services.

SmartGrunder can help entrepreneurs find suitable addresses in Askøy for the home industry sector, where there is a positive development and potential opportunities for growth.