Pubs in Notodden: Industry Analysis and Development Trends

Overview of the Pub Industry in Notodden

The pub industry in Notodden is a small but dynamic sector with a single company: Hk Handel As. This company has been present since 2014 and has shown both strong growth and challenges over time. In 2024, the company had 8 employees and a sales volume of 2.6 million NOK, indicating a significant revival after a period of decline in 2020–2022. The industry has a low but stable EBITDA margin of 3% and a high gross profit of 71%, suggesting efficient operations.

An important observation is that the industry has been marked by large variations in the number of employees and sales over the years. This may be due to both market conditions and specific challenges related to the company. Nevertheless, the last few years have shown a positive trend, which may be interesting for entrepreneurs considering establishing themselves in this sector.

The table below shows the development of sales and number of employees for the pub industry in Notodden over the past few years:

Key Figures:

• Sales: Highest in 2019 (2.5M NOK), but fell to zero in 2020–2022 before a revival in 2023.
• Number of Employees: Highest in 2017 (10 employees), but fell to zero in 2021 before a gradual revival.
• EBITDA Margin: 3% (2024), indicating a weak positive operating result.
• Gross Profit: 71% (2024), suggesting effective cost control.

This shows that the industry has been marked by large variations, but has shown a clear revival after 2022.

In Notodden, one company is registered within the pub industry: Hk Handel As, which is registered at Bjørnstjerne Bjørnsons gate 1, Notodden. The company has the following key figures:

• Company Form: AS
• Incorporation Date: August 12, 2014
• Number of Employees: 7 (2024)
• Sales: 2.6M NOK (2024)
• EBITDA: 88,000 NOK (2024)
• Total Operating Income: 2.5M NOK (2024)
• Total Debt: 245,000 NOK (2024)
• Equity: 34,000 NOK (2024)

Company Form Statistics:

• AS: 1 company, 7 employees, 2.5M NOK operating income, 3% EBITDA margin.

No other companies are registered in this industry in Notodden.

The pub industry in Notodden is concentrated in the Notodden area. One company is registered in the municipality, and all business activities take place in Notodden. There is no activity in other districts or municipalities.

Details about the Notodden Area:

• Number of Companies: 1
• Number of Employees: 7
• Operating Income: 2.5M NOK
• Sales: 2.5M NOK
• Wage Costs: 955,000 NOK
• Operating Result: 46,000 NOK
• EBITDA: 88,000 NOK
• Gross Profit: 1.8M NOK
• Total Equity: 34,000 NOK
• Total Debt: 245,000 NOK
• Sales Growth: -4% (2024)
• EBITDA Margin: 3%
• Gross Profit Margin: 71%
• Operating Result per Employee: 266,300 NOK
• EBITDA per Employee: 9,200 NOK

There is no activity in other districts or municipalities.

The industry has been marked by large variations in the number of employees and sales over the years. There are no bankruptcies registered for companies in the industry in Notodden, but there was a period of significant decline in 2020–2022.

Bankruptcy Figures:

• Number of Bankrupt Companies: 0
• Number of Bankrupt Employees: 0

Development in Number of Employees:

• 2020–2021: Fell from 6 to 0 employees (100% decline)
• 2023–2024: Increasing from 4 to 8 employees (100% increase)

Development in Sales:

• 2020–2021: Fell from 0 to 0 NOK (no change)
• 2023–2024: Increasing from 1.4M to 2.6M NOK (95% increase)

This shows that the industry has been marked by large variations, but has shown a clear revival after 2022.

For entrepreneurs considering establishing themselves in the pub industry in Notodden, the data show a rising trend after 2022. Sales and number of employees have increased significantly, indicating a revival of the sector. This may be a good time to establish oneself, especially considering the high gross profit (71%) and stable operating result (3% EBITDA margin).

Important Considerations for Entrepreneurs:

• Market Conditions: The industry has shown large variations, but has a positive trend after 2022.
• Bankruptcy Risk: There are no bankruptcy registrations in the industry, indicating a stable sector.
• Competing Businesses: There is only one company in the industry, which may provide opportunities for market share.
• Operating Result: The weak positive EBITDA margin (3%) indicates that the operating result is low, but stable.

SmartGrunder can help entrepreneurs find suitable addresses in Notodden for this industry, based on data about nature and development trends.

The broader bar/club sector in Notodden has a different development than the pub industry. There are two companies registered in this sector, indicating greater activity compared to the pub industry (one company). The table below shows the development of sales and number of employees for the bar/club sector:

Key Figures for the Bar/Club Sector:

• Sales: Highest in 2019 (2.5M NOK), but fell to zero in 2020–2022 before a revival in 2023.
• Number of Employees: Highest in 2016 (10 employees), but fell to zero in 2021 before a gradual revival.
• EBITDA Margin: 3% (2024), indicating a weak positive operating result.
• Gross Profit: 71% (2024), suggesting effective cost control.

Peer Companies in the Bar/Club Sector:

• Linna As: Registered at Telegata 2, 3674 Notodden, with 21 employees, but no sales or EBITDA (2025). This company is an important competitor in the sector.

The pub industry in Notodden is a small but dynamic sector with a single company: Hk Handel As. This company has shown both strong growth and challenges over time, but has shown a clear revival after 2022. The industry has a low but stable EBITDA margin of 3% and a high gross profit of 71%, indicating efficient operations.

For entrepreneurs, this may be an interesting sector to establish oneself in, especially considering the positive trend after 2022. Nevertheless, it is important to be aware of the large variations in sales and number of employees over the years. The broader bar/club sector in Notodden has a different development, with two companies and a different sales and employee number development. This may provide opportunities for entrepreneurs wishing to establish themselves in this sector, but it is important to be aware of the competition and market conditions.