Industry · municipality
China/Glassware Store in Hustadvika: Current Status and Outlook
Analysis of the industry, companies, and development trends in Hustadvika for entrepreneurs and local decision-makers
Economic Overview
Sales Development:
- 2018: NOK 1.2 million
- 2019: NOK 2.3 million (increase of +92.6%)
- 2020: NOK 0 (decrease of -100.0%)
- 2021–2026: NOK 0 (no activity)
Employees:
- 2018: 2 employees
- 2019: 6 employees (+200.0%)
- 2020: 7 employees (+16.7%)
- 2021: 2 employees (-71.4%)
Sales reached a significant peak in 2019 but was completely halted in 2020. Employee numbers show a brief increase before the decline in 2021. There is no data on activity after 2021.
Companies in the Industry
There are no companies registered in the china/glassware store industry in Hustadvika after 2021. The broader conference center group, however, has 14 companies in the municipality. This shows that there is greater industrial activity in the conference sector compared to the specific glass and Chinese shop field.
Organizational Forms:
- There are no details about organizational forms for companies in the china/glassware store industry in Hustadvika.
- In the conference center group, there are companies with organizational forms such as AS and AS.
Business Geography
There is no detailed data on the distribution of china/glassware store companies in Hustadvika. There is no registered activity in this industry in the municipality after 2021. However, there is activity in the conference center industry, which is a broader industrial group in the municipality.
Business Dynamics
Bankruptcies and Operating Results:
- There are no bankruptcies registered in the china/glassware store industry in Hustadvika.
- In the conference center group, there are companies with both positive and negative operating results. For example:
- Moenbo Gardiner As: EBITDA of NOK -165,000
- Ellinggard Steinindustri As: EBITDA of NOK -53,000
This shows that there is variation in operating results in the broader conference center group, but there are no bankruptcies in the china/glassware store industry.
Outlook
china/glassware store industry in Hustadvika had a significant increase in sales and number of employees in 2018–2019, but was completely halted in 2020. There is no data on activity after 2021, which suggests that the industry has not been in operation in the municipality after this period.
For entrepreneurs considering starting a business in this industry, it may be challenging due to the short history and lack of continuous activity. However, it is possible to look at the conference center industry as a more stable and development-friendly sector in the municipality.
Outlook for the Conference Center Sector
conference center industry in Hustadvika has shown a more stable development compared to the china/glassware store industry. Sales and number of employees have grown in periods, even though there have been small declines in some years.
Peer companies in the conference center sector:
| Name | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|
| Smart Interiør As | Holamyra 19, 6445 Malmefjorden | NOK 37.5M | 23 | NOK 3.0M |
| Europris Elnesvågen 396 | Torget 6, 6440 Elnesvågen | NOK 27.1M | 10 | NOK 2.9M |
| Harald Viken As | Holamyra 4, 6445 Malmefjorden | NOK 23.8M | 8 | NOK 1.2M |
| Superbgulv As | Malmevegen 45, 6445 Malmefjorden | NOK 6.4M | 6 | NOK 29,000 |
This sector has several companies with higher sales and better operating results compared to the china/glassware store industry. This can be a better starting point for entrepreneurs seeking stability and development.
Other companies in konferansesenter (not in china/glassware store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Smart Interiør As | building supplies store | Holamyra 19, 6445 Malmefjorden | NOK 37.5M | 23 | NOK 3.0M |
| Europris Elnesvågen 396 | mixed home goods store | Torget 6, 6440 Elnesvågen | NOK 27.1M | 10 | NOK 2.9M |
| Harald Viken As | furniture store | Holamyra 4, 6445 Malmefjorden | NOK 23.8M | 8 | NOK 1.2M |
| Superbgulv As | carpets/curtains/wallpaper/floor coverings store | Malmevegen 45, 6445 Malmefjorden | NOK 6.4M | 6 | NOK 29.0K |
| Asbjørn Nerland | furniture store | Fræna Sjukeheim Og Omsorg|Smievegen 13, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Bad Og Fritid As | building supplies store | Urdavegen 8, 6440 Elnesvågen | NOK 0 | 8 | NOK 0 |
| Fru Aure Og Barna | non-electrical household articles store | Jendemsbukta 74, 6409 Molde | NOK 0 | 0 | NOK 0 |
| Fræna Trelast Ans | building supplies store | Skjæret, 6430 Bud | NOK 0 | 0 | NOK 0 |
| Gridseth Holding As | garden supplies store | Kolbergvegen 337, 6445 Malmefjorden | NOK 0 | 0 | NOK 0 |
| Heimgård Invent | non-electrical household articles store | Heimgardsvegen 39, 6433 Hustad | NOK 0 | 0 | NOK 0 |
| Mestergruppen Byggevare As Avd Eide | building supplies store | 0, 6490 Eide | NOK 0 | 0 | NOK 0 |
| Smart Interiør As | building supplies store | Halåsbakken 62A, 6490 Eide | NOK 0 | 0 | NOK 0 |
| Ellinggard Steinindustri As | building supplies store | c/o Eide Stein AS|Steinhuggervegen 50, 6490 | NOK 1.1M | 2 | NOK -53.0K |
| Moenbo Gardiner As | curtains store | Sletteivegen 2, 6440 Elnesvågen | NOK 598.0K | 2 | NOK -165.0K |
Conclusion
china/glassware store industry in Hustadvika has shown a brief activity with a significant increase in 2018–2019, but was completely halted in 2020. There is no data on activity after 2021, which suggests that the industry has not been in operation in the municipality after this period.
conference center industry has shown a more stable development and has more companies with higher sales and better operating results. This can be a better starting point for entrepreneurs seeking stability and development in Hustadvika.
SmartGrunder can help entrepreneurs find suitable addresses and locations in Hustadvika to start a business in this sector.
Executive Summary
china/glassware store industry in Hustadvika had a significant increase in sales and number of employees in 2018–2019, but was completely halted in 2020. There is no data on activity after 2021. The broader conference center group has shown a more stable development with more companies and better operating results. This can be a better starting point for entrepreneurs seeking stability and development in Hustadvika.