China/glassware Store Industry in Øygarden: A Comprehensive Analysis

Øygarden: An analysis of the Chinese/glassware store industry

Øygarden has a small but active Chinese/glassware store industry with two registered companies. The industry shows both strengths and challenges, with a combination of high gross profit margins and variations in operating results. It is particularly interesting to note the high gross profit margins (1701%) and relatively stable sales volumes over time, even though the number of employees has been dynamic.

Sales and employee development (2016–2025):

Key figures from Straume (only active location):

• Operating income: 38.6M NOK
• Sales: 38.0M NOK
• Gross profit: 646.5M NOK (1701% margin)
• EBITDA: 2.0M NOK (5% margin)
• EBITDA per employee: 139.4K NOK

Registered companies in Øygarden (2 total):

1. Kitch'n Sartor Senter (Straume)

• Company form: AS
• Founded: 2005-10-31
• Employees: 9
• Sales: 12.3M NOK
• EBITDA: 978.0K NOK
• Gross profit: 491.3M NOK

1. Tilbords Sartor (Straume)

• Company form: AS
• Founded: 2019-10-01
• Employees: 9
• Sales: 25.7M NOK
• EBITDA: 999.4K NOK
• Gross profit: 155.1M NOK

Company form statistics:

• AS: 2 companies, 18 employees, 38.6M NOK operating income, 38.0M NOK sales, 7.3M NOK wages, 1.3M NOK operating result, 2.0M NOK EBITDA, 646.5M NOK gross profit, 5.0M NOK equity, 11.1M NOK debt, 9% sales growth, 3% operating margin.

Activity in Øygarden:

• Straume is the only active location with 2 companies and 18 employees.
• Operating income in Straume: 38.6M NOK
• Sales in Straume: 38.0M NOK
• Wages in Straume: 7.3M NOK
• Operating result in Straume: 1.3M NOK
• EBITDA in Straume: 2.0M NOK
• Gross profit in Straume: 646.5M NOK
• Equity in Straume: 5.0M NOK
• Debt in Straume: 11.1M NOK
• Sales growth in Straume: 9%
• Operating margin in Straume: 3%
• EBITDA margin in Straume: 5%

Bankruptcy safety:

• No companies in the industry are bankrupt (the market shows 'not BANKRUPT' for both companies).

Operational efficiency:

• Kitch'n Sartor has a 7% EBITDA margin, Tilbords Sartor has a 3% EBITDA margin.
• Both companies have high gross profit (491.3M NOK and 155.1M NOK).
• Sales have been volatile, with a strong increase in 2020 (97.8%) and a decline in 2021 (19.3%).
• The number of employees has varied between 9 and 18 over time, with an increase in 2020 and a decrease in 2023.

Outlook for entrepreneurs

The industry shows potential for entrepreneurs, especially with high gross profit margins and stable sales growth in 2025 (+20.0%). However, it is important to be aware of variations in operating results and the number of employees. Øygarden has a relatively small market share, but high margin security makes it an attractive place for new companies. EBITDA margins of 5–7% show that the operating result can be stable, even though sales fluctuations occur.

Conference center sector: Broader comparison

Conference center sector in Øygarden (parent category):

• Number of companies: 41 (conference centers) vs 2 (Chinese/glassware stores)
• Sales: 363.9M NOK (2025) vs 18.2M NOK (Chinese/glassware stores)
• Employees: 180 (2026) vs 13 (2026)
• EBITDA margin: The conference center sector has lower EBITDA margins (average 5–7%) compared to Chinese/glassware stores (5–7% in the industry, but higher gross profit).

Peer companies in the conference center sector:

• Europris Sartor Storsenter 449 (sales: 45.2M NOK, EBITDA: 4.9M NOK, 20 employees)
• Jysk Sotra Avd 539 (sales: 26.7M NOK, EBITDA: 2.9M NOK, 8 employees)
• Jula Norge As Avd 642 Straume (sales: 57.2M NOK, EBITDA: 2.9M NOK, 20 employees)
• Clas Ohlson As Avd Sartor Storsenter (sales: 51.6M NOK, EBITDA: 2.6M NOK, 20 employees)

Conclusion: The conference center sector has higher volume, but Chinese/glassware stores have higher gross profit and less competition.

The Chinese/glassware store industry in Øygarden shows potential for entrepreneurs with high gross profit margins and stable sales growth in 2025. However, it is important to be aware of variations in operating results and the number of employees. Øygarden has a relatively small market share, but high margin security makes it an attractive place for new companies. SmartGrunder can help entrepreneurs explore addresses in Øygarden for this industry where natural development is likely.