The Kiosk Industry in Larvik: Current Status and Future Prospects

The kiosk industry in Larvik is a stable, but relatively small sector with three registered companies. The three companies primarily operate in Kvelde and Nevlunghavn, showing a mix of strong and weak economic development. The industry has been marked by weak, but stable sales growth over the past years, with a marginal improvement in 2020 and 2024. There are no registered bankruptcies in the industry, indicating a relatively high degree of stability. Nevertheless, one of the companies (Brødbua Da) shows negative EBITDA values, which may signal economic challenges. At the same time, data shows that the industry has a lower number of employees compared to the broader services sector, which can be an advantage for small and specialized businesses.

Economic Trends

Sales have grown by 16.6% from 2016 to 2017, but have shown a more gradual development thereafter. The highest sales are reached in 2020 with 66.7M NOK, followed by a decline in 2022 and an improvement in 2024. The number of employees has varied between 26 and 36, with a decline from 2019 to 2020 and a stabilization afterward. This development indicates a mix of short-term variations and overall stabilization in the industry.

Registered Companies in the Industry

1. Kvelde Matsenter As (Holmfossveien 22, Kvelde)

• Legal Form: AS
• Founded: 1997-01-27
• Number of Employees: 36
• Sales: 66.9M NOK
• EBITDA: 5.2M NOK
• EBITDA Margin: 7%

1. Oddane Sand Mat As (Oddaneveien 73, Nevlunghavn)

• Legal Form: AS
• Founded: 2014-12-29
• Number of Employees: 4
• Sales: 2.2M NOK
• EBITDA: 203.0K NOK
• EBITDA Margin: 9%

1. Brødbua Da (Krabbegata, Helgeroa)

• Legal Form: DA
• Founded: 2000-08-14
• Number of Employees: 0
• Sales: 71.0K NOK
• EBITDA: -16.0K NOK
• EBITDA Margin: -10%

Brødbua Da shows a negative EBITDA, which may indicate economic challenges. The two AS companies have a higher degree of stability and better economic results.

Distribution of Business in the Municipality

Kvelde is the most active area with 36 employees and a sales volume of 66.9M NOK. Nevlunghavn has lower activity, but shows a higher EBITDA margin (9%) compared to Kvelde (7%). This indicates that the business in Nevlunghavn has better cost control, even though the sales level is lower.

Business Dynamics and Bankruptcy Statistics

There are no registered bankruptcies in the kiosk industry in Larvik, indicating a relatively stable sector. Nevertheless, Brødbua Da shows negative EBITDA values, which may be an indication of economic challenges. This may be an important factor to consider for new actors in the industry. There are no bankruptcies, but there is a variation in economic results between the companies, which may be a challenge for some businesses.

Outlook for Entrepreneurs

The kiosk industry in Larvik shows stable development with growth in sales over the past years, even though the number of employees has been relatively stable. There are no bankruptcies, indicating a good degree of stability. Nevertheless, one of the companies (Brødbua Da) shows negative EBITDA values, which may be an important factor to consider for new actors. It is possible to see opportunities to develop businesses in areas with higher sales volume, such as Kvelde, where there is a higher degree of activity. At the same time, it may be advantageous to consider areas with lower competition, such as Nevlunghavn, where there is a higher EBITDA margin.

The services sector in Larvik has a much larger business activity compared to the kiosk industry, with 100 companies in the sector. Sales in the services sector have grown by 6.9% from 2016 to 2017, and showed strong growth in 2020 with an increase of 23.3%. The number of employees has varied, but showed a decline from 2016 to 2019 before an improvement in 2020 and 2024. The services sector has a higher degree of activity, with companies such as supermarket chains and discount stores. This may be an important factor for entrepreneurs considering starting a business in Larvik, as the services sector has a higher degree of stability and growth compared to the kiosk industry.

The kiosk industry in Larvik shows stable development with growth in sales over the past years, even though the number of employees has been relatively stable. There are no bankruptcies, indicating a good degree of stability. Nevertheless, one of the companies (Brødbua Da) shows negative EBITDA values, which may be an important factor to consider for new actors. It is possible to see opportunities to develop businesses in areas with higher sales volume, such as Kvelde, where there is a higher degree of activity. At the same time, it may be advantageous to consider areas with lower competition, such as Nevlunghavn, where there is a higher EBITDA margin. The services sector in Larvik has a much larger business activity compared to the kiosk industry, with 100 companies in the sector. This may be an important factor for entrepreneurs considering starting a business in Larvik, as the services sector has a higher degree of stability and growth compared to the kiosk industry.