Meat Store Industry in Karmøy: Current Status and Outlook

Karmøy has a small but stable meat store industry with one registered company: T Snørteland As Butikk in Åkrehamn. The industry shows strong growth in sales and employees over the past few years, with an annual increase of up to 23.5% (2023–2024). Although the industry is small, it is part of the broader services group in the municipality, which has a much larger number of companies (76) and a more complex economic dynamic. For entrepreneurs, this could be an opportunity, but it is important to consider both the industry's specific challenges and the broader services sector in Karmøy.

Sales and employees in the meat store industry in Karmøy:

• Sales: Highest in 2024 at NOK 11.6M, with an increase of 23.5% from 2023. This is a significant increase compared to 2020 (NOK 5.2M) and 2021 (NOK 6.5M), but a decline of 11.3% in 2025.
• Employees: Increased from 8 in 2016 to 11 in 2024, with a rise of 37.5% over the period. This is a stable trend, although there have been small fluctuations from year to year.

Critical observation: Sales in 2025 (NOK 10.2M) show a decline, which may indicate potential challenges in the future. However, the EBITDA margin of 9% (2024) is high, indicating good operational efficiency.

There is one registered company in the meat store industry in Karmøy:

Key observations:

• The company has been in operation since 2010 and has been non-bankrupt.
• The EBITDA margin of 9% (2024) is high compared to many other industries, indicating good operational efficiency.
• There are no other companies in the industry, giving potential entrepreneurs a unique position.

Åkrehamn is the only town in Karmøy with activity in the meat store industry:

Key observations:

• There is no activity in other towns in the municipality, which could be a challenge for industry development.
• Åkrehamn is an important economic hub in Karmøy, and a business in this area can have good access to local customers and partners.

Bankruptcies and operational economics:

• No bankruptcies have been registered in the meat store industry in Karmøy in recent years, indicating stable operations.
• Operational economics: T Snørteland As Butikk has a high EBITDA margin (9%) and a good operational result per employee (NOK 88.0K in 2024), indicating efficient operations.

Operational fluctuations:

• Sales and employees have grown over the past few years, but there are small fluctuations from year to year (e.g., 2017–2018: -11.1% in employees). This could be an indication of future vulnerability.

Outlook for Entrepreneurs

For entrepreneurs in the meat store industry in Karmøy:

• Positive: There is one company in the industry, offering a unique opportunity to establish oneself in a small but stable market niche.
• Negative: Sales in 2025 (NOK 10.2M) show a decline of 11.3% from 2024, which may indicate potential challenges in the future.
• Recommendation: Entrepreneurs should consider establishing themselves in Åkrehamn, the only town with activity in the industry. It may be advantageous to collaborate with local suppliers and customers.

SmartGrunder can help entrepreneurs find suitable locations in Karmøy for the meat store industry, based on economic and geographic factors.

The services sector in Karmøy has a much larger number of companies (76) compared to the meat store industry (1). It is a broad sector that includes supermarkets, shops, and other services. Key observations:

• Sales in the services sector: Highest in 2021 (NOK 1717.3M), but with a decline of 30.7% in 2025 (NOK 1086.7M).
• Employees in the services sector: Have grown from 637 in 2016 to 608 in 2026, with a stable trend.

Peer companies in the services sector:

• Supermarket chains such as Extra Kopervik and Ng Kiwi Rogaland As have higher sales (up to NOK 101.7M) and more employees (up to 40) compared to the meat store industry.
• Conclusion: The services sector has a more complex economic dynamic, but the meat store industry can have a unique position within this sector.

The meat store industry in Karmøy is small but stable, with one company (T Snørteland As Butikk) that has shown good economic development over the past few years. The industry is part of the broader services sector, which has a much larger number of companies and a more complex economic dynamic. For entrepreneurs, this could be an opportunity, but it is important to consider both the industry's specific challenges and the broader services sector in Karmøy. SmartGrunder can help entrepreneurs find suitable locations in Karmøy for the meat store industry, based on economic and geographic factors.