china/glassware store in Horten

Industry Overview

The china/glassware store industry in Horten is represented by one actively operating company, Kitch'n Sjøsiden, which operates from Teatergata 6. The industry has been marked by significant fluctuations in sales and number of employees over time, with a sharp decline from 2016 to 2020 followed by a weak increase in 2024–2025. The EBITDA margin stands at 7%, and the gross profit is extremely high (5007%), suggesting potential opportunities for improvement in cost management.

Key Points:

• Sales and employees have been stable since 2020, but with a historical decline of 67% from 2016 to 2020.
• The industry is very small (one company), limiting diversification and market strength.
• Competitiveness may be challenging in an industry with few players.

Sales and Employee Development (2016–2025):

Key Figures for 2025:

• Sales: 7.6M NOK
• EBITDA: 782.4K NOK (7% margin)
• Gross Profit: 491.3M NOK (5007% margin)
• Total Operating Income: 10.0M NOK
• Sales per Employee: 1.5M NOK
• Operating Income per Employee: 2.0M NOK

Kitch'n Sjøsiden (AS, founded 2012-03-28) is the only company in the industry in Horten. It has 6 employees and is registered under Vestfold and Telemark. Key figures:

• Sales: 9.8M NOK
• Operating Income: 10.0M NOK
• EBITDA: 782.4K NOK
• Gross Profit: 491.3M NOK
• Total Equity: 1.8M NOK
• Total Debt: 3.9M NOK
• Wages: 1.8M NOK
• Sales Growth: 11%

Organizational Form:

• AS: 1 company, 6 employees

Horten is the only city in the municipality with activity in the industry. One company is registered in the area, and all key figures refer to this single company. There is no data on distribution to other city districts or regions in the municipality.

Bankruptcies and Operational Risk:

• No bankruptcies registered in the industry in Horten.
• The number of employees has been stable at 5 since 2020, indicating stable operations, but with limited growth potential.

Operational Results:

• The EBITDA margin of 7% is higher than the average for many retail industries, but sales growth has been highly uncertain.
• The gross profit is extremely high (5007%), which may indicate low cost per sale or a unique product portfolio.

Outlook for Entrepreneurs

Opportunities:

• High gross profit (5007%) and stable operations (no bankruptcies) suggest potential opportunities for improvement in cost management.
• Sales growth of +29.2% from 2023 to 2024 indicates an increase in market interest in the industry.

Challenges:

• The industry is very small (one company), limiting competitiveness and market strength.
• Stable employee numbers since 2020 may indicate a lack of growth or development of new market segments.

Recommendation:

• Entrepreneurs should consider developing unique product combinations or digitalizing the business model to increase market share and efficiency.

Conference Center industry in Horten has 31 companies, showing much stronger market strength compared to the china/glassware store industry. Economic key figures:

• Sales (2025): 171.9M NOK
• Number of Employees (2025): 145
• Year-over-Year Sales Change (2024→2025): -31.1%

Peer Companies in the Conference Center Industry (Top 5 by EBITDA):

Contrast with china/glassware store:

• The conference center industry has 31 companies, while china/glassware store has one.
• Sales in the conference center industry are 23 times higher (171.9M NOK vs. 7.6M NOK in china/glassware store).
• The EBITDA margin in the conference center industry is lower (average 2.7% vs. 7% in china/glassware store).

The china/glassware store industry in Horten is represented by one company with high gross profit, but marked by historical instability in sales and employees. Outlooks for entrepreneurs are mixed: high gross profit and no bankruptcies suggest potential for improvement, but the industry is very small and marked by fluctuations. The conference center industry in the municipality is much larger and has higher sales, but lower EBITDA margins. SmartGrunder can help entrepreneurs explore address alternatives in Horten for this industry, with a focus on developing unique business models and cost management.