Home Trade in Ullensvang: Companies, Statistics, and Outlook

Overview of the Home Trade Industry in Ullensvang

Home trade is a stable but variable industry in Ullensvang with four registered companies in 2026. In recent years, the industry has shown both growth and decline in revenue, but there is a positive trend in 2025 with a 20.2% increase compared to 2024. Employment has been more stable, with an average of 14-16 employees per year. The industry is spread across two centers: Odda and Kinsarvik, with Torkelsen Interiør As in Odda playing a dominant role. SmartGrunder can help entrepreneurs find suitable locations in Ullensvang for this industry.

Economic Overview

Revenue and Employees in the Home Trade Industry in Ullensvang (2016-2025):

The industry experienced a significant revenue increase in 2020 (23.6%) and 2025 (20.2%), but also periods of decline, particularly in 2019 and 2022. Employment has been more stable, with an average annual change of ±5%.

Companies in the Industry

The following companies are registered in the home trade industry in Ullensvang:

1. Tut & Kjør As (Bakkegata 2, Odda) – AS (limited liability company), 5 employees, revenue 5.4M NOK, EBITDA 217,000 NOK.
2. Hardanger Souvenir As (Kinsarvik) – AS (limited liability company), 4 employees, revenue 3.5M NOK, EBITDA -83,000 NOK.
3. Torkelsen Interiør As (Eitrheimsvegen 18, Odda) – AS (limited liability company), 4 employees, revenue 7.9M NOK, EBITDA 513,000 NOK.
4. Mb Haga Enk (Freimsvegen 1, Odda) – ENK (sole proprietorship), 0 employees, revenue 0 NOK.

Organizational Form: 3 of the 4 companies are AS, while Mb Haga Enk is an ENK (sole proprietorship). AS companies have higher revenue and EBITDA than ENK, but Mb Haga Enk has no profit or employees.

Business Geography

Home trade activity in Ullensvang is divided into two centers:

1. Odda (2 companies, 9 employees, revenue 13.3M NOK):

• Tut & Kjør As (5 employees, revenue 5.4M NOK, EBITDA 217,000 NOK).
• Torkelsen Interiør As (4 employees, revenue 7.9M NOK, EBITDA 513,000 NOK).

1. Kinsarvik (1 company, 4 employees, revenue 3.5M NOK):

• Hardanger Souvenir As (4 employees, revenue 3.5M NOK, EBITDA -83,000 NOK).

Comparison: Odda has higher revenue (13.3M NOK) and more employees (9) than Kinsarvik, but Hardanger Souvenir As in Kinsarvik has lower EBITDA (negative) compared to Odda companies.

Bankruptcy: None of the four companies in the home trade industry in Ullensvang are bankrupt in 2026. This indicates relative stability in the industry.

EBITDA and Profit:

• Torkelsen Interiør As has the highest EBITDA (513,000 NOK) and positive profit (179,000 NOK).
• Hardanger Souvenir As has negative EBITDA (-83,000 NOK) and negative profit (-83,000 NOK), which may indicate economic challenges.
• Tut & Kjør As has lower EBITDA (217,000 NOK) than Torkelsen, but positive profit (217,000 NOK).
• Mb Haga Enk has no profit or EBITDA, which may indicate new or non-operational companies.

Positive Aspects:

• The industry showed revenue growth in 2025 (20.2%), indicating increasing demand for home trade in Ullensvang.
• Odda has a dominant role with two companies and higher revenue than Kinsarvik, which could be an advantage for new companies.

Development:

• Torkelsen Interiør As has shown stable growth and high EBITDA, which could be a good example for new companies.
• Hardanger Souvenir As has negative EBITDA, which may serve as a warning about economic challenges in the industry.

Recommendation: Entrepreneurs should consider establishing themselves in Odda, where there is more activity and higher revenue. It is also important to analyze competitors and ensure a good cost structure to avoid negative EBITDA like that of Hardanger Souvenir As.

Financial Services are a broader industry group in Ullensvang with 7 companies, compared to 4 companies in the home trade industry. This group has higher revenue (16.5M NOK in 2016) and more stable growth in the years 2017-2018 (9.9%). This shows that financial services have a more stable economic development than home trade.

Peer Companies in Financial Services (not home trade):

• Audhild Viken Avd Odda (souvenir shop) – revenue 13.9M NOK, EBITDA 1.6M NOK, 5 employees.
• Galleri Tolltunga Mossefin (art gallery) – revenue 0 NOK, EBITDA 0 NOK, 0 employees.
• Norli Odda (bookstore) – revenue 0 NOK, EBITDA 0 NOK, 0 employees.

Contrast: While the home trade industry has more variable revenue, financial services have a more stable development. This can be an advantage for companies in financial services, but also a challenge for home trade, which must compete with more stable industries.

Home trade in Ullensvang is a stable but variable industry with four companies and a positive revenue trend in 2025. Odda is the main center, with two companies and higher revenue than Kinsarvik. Torkelsen Interiør As has shown good economic development, while Hardanger Souvenir As has negative EBITDA. Entrepreneurs should consider establishing themselves in Odda and carefully analyze competitors. Financial services in Ullensvang have a more stable development, which can be a challenge for home trade. SmartGrunder can help entrepreneurs find suitable locations and analyze market opportunities in Ullensvang.