Industry · municipality
China/Glassware Store Industry in Ullensvang: A Comprehensive Overview
Key Insights on Companies, Statistics, and Outlook for Founders and Local Decision-Makers
Industry Dynamics and Challenges
Other Observations
- Kinsarvik is the most important hub for the industry, with a major company (Hardanger Sylvplett AS) generating over 70 million NOK in operating income and 6.1 million NOK in operating profit. Odda has a smaller company (Hardanger Jernvarehandel AS) with zero income and employees, which may indicate a new start-up or a company in its early stages.
- Organizational forms are dominated by AS companies (2 companies), indicating that the industry is structured with a high degree of formal organization.
- Bankruptcy security is strong in the industry, with no registered bankruptcies among the two companies. This may indicate stability, but it is also possible that the data is not up-to-date for all years.
- Geographic spread is limited to two districts (Kinsarvik and Odda), which may be a challenge for the industry in terms of reaching broader markets.
Outlook for Founders
The china/glassware store industry in Ullensvang shows both opportunities and challenges for new founders:
- Opportunities:
- Kinsarvik has an existing company (Hardanger Sylvplett AS) with good financial health, which could provide opportunities for collaboration or market share consolidation.
- Odda has a new company (Hardanger Jernvarehandel AS) with growth potential, especially if it can leverage local conditions and tourism.
- Stable organizational forms (AS companies) can provide founders with security regarding legal and economic challenges.
- Challenges:
- Low bankruptcy security in the industry (no registered bankruptcies) may indicate that the industry is highly competitive, making it difficult for new players to establish themselves.
- Low geographic spread (only two districts) may limit market development and provide fewer opportunities to reach broader customers.
- Stable sales figures (75.3 million NOK in 2023) may indicate that the industry has reached a plateau, making it difficult for new players to gain market share.
- Recommendation: Founders should consider focusing on Kinsarvik and Odda to leverage existing infrastructure and potential collaboration opportunities. It may also be profitable to explore the conference center industry in Ullensvang, which has higher sales figures and more companies (10 companies) than the china/glassware store industry.
Conference Center Industry in Comparison
The conference center industry in Ullensvang has more companies (10 companies) than the china/glassware store industry (2 companies), indicating that the conference center industry is more developed and has a larger market share. This may provide founders in the china/glassware store industry with opportunities to leverage existing infrastructure and collaboration opportunities in the conference center industry.
- Sales figures for the conference center industry are higher (178.8 million NOK in 2023) than for the china/glassware store industry (75.3 million NOK in 2023), indicating that the conference center industry has a larger market share and higher income.
- Number of employees in the conference center industry is higher (77 employees in 2023) than in the china/glassware store industry (19 employees in 2023), indicating that the conference center industry has a larger workforce and higher operating profit.
- EBITDA margins for the conference center industry are higher (12.0% in 2023) than for the china/glassware store industry (10% in 2023), indicating that the conference center industry has better financial results.
- Peer companies in the conference center industry include companies such as Bohus Odda AS (furniture store) and Odda Lavpris AS (mixed household goods store), which have higher sales figures and more employees than companies in the china/glassware store industry. This may provide founders in the china/glassware store industry with opportunities to leverage existing infrastructure and collaboration opportunities in the conference center industry.
Other companies in konferansesenter (not in china/glassware store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Bohus Odda As | furniture store | Hjøllovegen 1, 5750 Odda | NOK 32.6M | 10 | NOK 4.6M |
| Odda Lavpris As | mixed home goods store | Tyssedalsvegen 12, 5750 Odda | NOK 48.8M | 20 | NOK 3.0M |
| Stilk & Stæsj As | garden supplies store | Bakkegata 2, 5750 Odda | NOK 7.6M | 9 | NOK 796.0K |
| Jondal Mur Og Flis As | building supplies store | Belsnes, 5627 Jondal | NOK 1.3M | 2 | NOK 347.0K |
| Kinsarvik Blomar As | garden supplies store | Kinsarvik, 5782 | NOK 4.7M | 4 | NOK 36.0K |
| Børve As | furniture store | Ullensvangvegen 1660, 5773 Hovland | NOK 0 | 1 | NOK 0 |
| Fjorden As | building supplies store | Tyssedalsvegen 10, 5750 Odda | NOK 7.3M | 8 | NOK -329.0K |
| Skare Sagbruk As | building supplies store | Reinsnosvegen 94, 5763 Skare | NOK 7.5M | 6 | NOK -368.0K |
Conclusion
The china/glassware store industry in Ullensvang has both opportunities and challenges for new founders. Opportunities include Kinsarvik and Odda as potential market areas, as well as opportunities for collaboration with existing companies. Challenges include low bankruptcy security and low geographic spread. Founders should consider focusing on Kinsarvik and Odda to leverage existing infrastructure and potential collaboration opportunities. It may also be profitable to explore the conference center industry in Ullensvang, which has higher sales figures and more companies than the china/glassware store industry.
SmartGrunder can help founders find suitable addresses in Ullensvang for the china/glassware store industry, especially in Kinsarvik and Odda. We can also help founders develop strategies to leverage existing infrastructure and collaboration opportunities in the conference center industry.
