Home Goods Store Industry in Vindafjord: Current Status and Outlook

Overview of the Industry

In Vindafjord, there are four registered companies within the home goods store sector. The most significant player is Knapphus Kjøkkensenter Avdeling Øvre Vats, which operates in Øvre Vats and has 16 employees. The sector has been marked by significant variations in sales and number of employees over time, with a sharp decline in 2018 and a gradual increase since 2020. Although several companies are registered, most are small or inactive, indicating relatively low industrial dynamism in the area.

Sales and Employee Development (2016–2024):

Sales experienced a sharp decline of 49.3% from 2016 to 2017, followed by a drop to zero in 2018. Subsequently, there has been a gradual increase, with a rise of 11.3% from 2021 to 2022. The number of employees has been more stable after 2020, with an average reduction of 6.7% per year from 2020 to 2024.

The following companies are registered in Vindafjord within the home goods store sector:

1. Knapphus Kjøkkensenter Avdeling Øvre Vats (AS, 16 employees, sales 50.5M NOK)
2. Marvik Maritime (ENK, 0 employees, sales 0 NOK)
3. Torill Kleiveland (ENK, 0 employees, sales 0 NOK)
4. Vasstrand Data (ENK, 0 employees, sales 0 NOK)

Most companies are organized as ENK (sole proprietorships), except for Knapphus Kjøkkensenter, which is an AS (limited liability company). None of the companies are registered as bankrupt, but three of them have no activity (sales and employees equal to 0).

Øvre Vats is the only location in Vindafjord with activity within the home goods store sector. Here, Knapphus Kjøkkensenter Avdeling Øvre Vats operates with the following key figures:

• Sales: 50.5M NOK
• Number of employees: 16
• EBITDA: 1.1M NOK
• Average income per employee: 3.0M NOK
• EBITDA margin: 2%

The location has a relatively high average income per employee, but a low EBITDA margin compared to other sectors.

Bankruptcy Statistics:

No companies within the home goods store sector in Vindafjord are registered as bankrupt. However, three of the four companies are inactive (Marvik Maritime, Torill Kleiveland, Vasstrand Data), indicating low industrial dynamism and potential challenges in maintaining operations in the area.

Development Over Time:

The sector has been marked by significant variations in sales and employees, with a sharp decline in 2018 and a gradual increase since 2020. This may be due to both market conditions and local economic factors.

Outlook for Founders

For founders considering establishing themselves within the home goods store sector in Vindafjord, the following points are important to note:

• Stability after 2020: Sales and number of employees have been more stable after 2020, which may indicate a gradual maintenance of the market.
• Existing infrastructure: Øvre Vats has existing business activity (Knapphus Kjøkkensenter), which may provide opportunities for collaboration or development of local networks.
• Low competitiveness: With only four companies and three of them inactive, there may be opportunities to fill a market gap, but it is important to consider economic challenges.

SmartGrunder can help founders find suitable addresses in Vindafjord for this sector, with a focus on natural business opportunities.

Financial Services sector in Vindafjord has a broader industrial approach with six companies, compared to four in the home goods store sector. The development in the number of employees and sales has been more volatile, with a sharp increase of 283.3% from 2018 to 2019. This shows higher dynamism in the financial sector compared to home goods store.

Peer companies in financial services:

• Ølen Bok As (bookstore, 4 employees, sales 0 NOK)
• Lys Og Reinhald Børge Løype Inngår I Dødsbo (art gallery, 0 employees, sales 0 NOK)

These companies represent different sub-sectors and may not necessarily have a direct connection to the home goods store sector, but they show a broader industrial context in Vindafjord.

Home goods store sector in Vindafjord has a relatively small industrial presence with four companies, three of which are inactive. The most significant player, Knapphus Kjøkkensenter, has a stable operation in Øvre Vats, but the sector as a whole has been marked by variations in sales and employees. For founders, there may be opportunities in a stable market key after 2020, but it is important to consider local economic challenges. Compared to the financial services sector, which has higher dynamism and more companies, the home goods store sector shows less development potential in Vindafjord.