Home Goods Store Industry in Sola: Economic Development and Outlook

Other Observations

• Number of companies: There are a total of 5 companies in the industry in Sola, but only one (Nille Sola) has employees and activity.
• Organizational forms: All companies are registered as AS or ENK, but only one AS (Nille Sola) has employees.
• Bankruptcy security: None of the companies in the industry are registered as bankrupt, but several have 0 employees or are recently started (e.g., Storeng Kunst Og Kultur, started in 2024).
• Geographic distribution: Activity is focused on Sola, but there are also companies in Tananger (Nille Tananger, Storeng Kunst Og Kultur).
• Outlook: There is a clear decline in sales and employees after 2018, but Nille Sola has been stable since 2003.

• Sales: Sales reached a maximum of NOK 7.5 million in 2017, but fell to NOK 0 from 2019 onward. This is a decline of 100% from 2018 to 2019.
• Employees: The number of employees increased from 5 to 12 between 2020 and 2023, but fell to 5 in 2024 before a mild increase to 8 in 2025.
• Development: There is no data on sales or operating profit after 2018, indicating a lack of updated economic information about the industry.

Table: Sales and Employees Over Time

Critical observation: There is no data on operating profit, gross profit, or EBITDA for companies in the industry after 2018.

There are 5 companies in the industry in Sola, but only one (Nille Sola) has employees and activity. The other companies have 0 employees or are recently started. Here is an overview:

Table: Companies in the Industry

Organizational forms: Only one company (Nille Sola) is registered as AS with employees. The others are ENK or AS without employees.

Bankruptcy: None of the companies are registered as bankrupt, but several have 0 employees or are recently started.

Activity in the industry is focused on Sola, but there are also companies in Tananger. Here is an overview:

Table: Geographic Distribution

Observation: There are 3 companies in Sola with a total of 8 employees, while 2 companies in Tananger have 0 employees. This indicates that activity in the industry is concentrated in Sola, but there are also companies in Tananger.

• Bankruptcy: None of the companies in the industry are registered as bankrupt, but several have 0 employees or are recently started (e.g., Storeng Kunst Og Kultur, started in 2024).
• Development: There is a strong decline in sales and employees after 2018, but Nille Sola has been stable since 2003.
• Outlook: There is a lack of updated economic information about the industry after 2018, which may indicate a weak dynamism in the industry.

Critical observation: There is no data on operating profit, gross profit, or EBITDA for companies in the industry after 2018.

For entrepreneurs considering starting a business in the industry in Sola, there are several important observations:

1. Competitiveness: There are 5 companies in the industry, but only one (Nille Sola) has employees and activity. This indicates a low competitiveness in the industry.
2. Geographic distribution: Activity is focused on Sola, but there are also companies in Tananger. This can be an advantage for entrepreneurs seeking to establish themselves in Sola.
3. Development: There is a strong decline in sales and employees after 2018, but Nille Sola has been stable since 2003. This may indicate that there are opportunities to establish oneself in the industry in Sola.
4. Outlook: There is a lack of updated economic information about the industry after 2018, which may indicate a weak dynamism in the industry.

Recommendation: Entrepreneurs should consider establishing themselves in Sola, but should also be aware of the challenges associated with the industry.

• Number of companies: There are 7 companies in financial services in Sola, while there are 5 companies in home goods stores.
• Sales: Sales in financial services reached a maximum of NOK 18.3 million in 2018, while sales in home goods stores reached a maximum of NOK 7.5 million in 2017.
• Employees: The number of employees in financial services increased from 16 to 21 between 2023 and 2024, while the number of employees in home goods stores increased from 5 to 12 between 2020 and 2023.
• Development: There is a greater variation in sales and employees in financial services compared to home goods stores.

Table: Peer Companies in Financial Services

Observation: Financial services have more variation in sales and employees compared to home goods stores, which may indicate a greater dynamism in the industry.

The home goods store industry in Sola has a weak economic development after 2018, with no sales and a low number of employees. There are 5 companies in the industry, but only one (Nille Sola) has employees and activity. This indicates a low competitiveness in the industry.

For entrepreneurs considering starting a business in the industry in Sola, it is important to be aware of the challenges associated with the industry. There is a lack of updated economic information about the industry after 2018, which may indicate a weak dynamism in the industry.

Recommendation: Entrepreneurs should consider establishing themselves in Sola, but should also be aware of the challenges associated with the industry. SmartGrunder can help entrepreneurs find suitable addresses in Sola for this industry.