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Jewellery/Watches/Clocks/Gold/Silver Store Industry in Grimstad: A Comprehensive Analysis
Key Insights on Companies, Economic Performance, and Outlook for Founders and Local Decision-Makers in Grimstad, Norway
Executive Summary
Other Observations
In Grimstad, the jewellery/watches/clocks/gold/silver store industry is a stable part of the local economy. In 2026, there are 6 companies registered in this industry, with a total of 31 employees and a combined sales volume of NOK 40.3 million. This industry has shown increasing sales over the past few years, with an annual growth rate of 26.6% from 2024 to 2025. This indicates a positive development in demand for products in this sector in the municipality.
Economic Overview
Sales and Employees:
- Sales in 2026: NOK 40.3 million (increase of 26.6% from 2024 to 2025)
- Employees in 2026: 31 people (increase of 10.7% from 2025)
Financial Indicators:
- EBITDA margin: 12% (average for the industry)
- Gross margin: 42% (indicates high product value)
- Total operating income per employee: NOK 1.4 million (high level)
Conclusion: The industry has shown strong economic development over the past few years, with both increasing sales and employees. This indicates growing demand for products in this sector in Grimstad.
Companies in the Industry
In Grimstad, there are 6 companies registered in the jewellery/watches/clocks/gold/silver store industry. The key companies are:
| Company | Address | Number of Employees | Sales (2025) | EBITDA (2025) |
|---|---|---|---|---|
| Helles Gull & Sølv As | Storgaten 24 | 20 | NOK 30.6 million | NOK 3.7 million |
| Joh Gundersen As | Storgaten 29 | 3 | NOK 7.6 million | NOK 1.4 million |
| Odden Gullsmie As | Odden 1 | 4 | NOK 2.5 million | NOK -19,000 |
| Grimstad Klokker Og Smykker As | Oddensenteret | 7 | NOK 0 | NOK 0 |
| Line & Lustre | Speiderveien 29B | 0 | NOK 0 | NOK 0 |
| Sharma Studios | Speiderveien 29B | 0 | NOK 0 | NOK 0 |
Organizational Forms:
- AS (Number of companies: 4, Number of employees: 34)
- ENK (Number of companies: 2, Number of employees: 0)
Conclusion: The most stable companies are the older AS entities, while the newer ENK companies (Line & Lustre, Sharma Studios) are not yet operational.
Business Geography
All companies in the jewellery/watches/clocks/gold/silver store industry in Grimstad are located in Grimstad. Distribution by address:
- Storgaten 24: Helles Gull & Sølv As (20 employees)
- Storgaten 29: Joh Gundersen As (3 employees)
- Odden 1: Odden Gullsmie As (4 employees)
- Oddensenteret: Grimstad Klokker Og Smykker As (7 employees)
- Speiderveien 29B: Line & Lustre, Sharma Studios (0 employees)
Conclusion: The industry is concentrated in central parts of Grimstad, with a focus on Storgaten and Odden. This indicates a strong connection to central areas.
Business Dynamism
Bankruptcies and Operational Status:
- No companies in the industry are in a bankruptcy situation (all are not in bankruptcy)
- Grimstad Klokker Og Smykker As has no sales in 2025, which may indicate new or starting companies
- Line & Lustre and Sharma Studios have no operational results in 2025, indicating that they are current or starting companies
Conclusion: The industry is stable with no bankruptcies, but there are current companies that have not yet started operations. This could be an opportunity for new players in the future.
Outlook for Founders
Strengths of the Industry:
- Strong sales growth (26.6% from 2024 to 2025)
- High EBITDA margin (12%)
- Stable number of employees (31 in 2026)
- Concentration in central areas (Storgaten, Odden)
Opportunities for Founders:
- New companies (such as Line & Lustre, Sharma Studios) can provide opportunities for competitive players
- High demand for products in the industry
- Stable business environment in Grimstad with support from local authorities
Conclusion: The industry has strong growth and stability, and there are opportunities for new founders who want to establish themselves in Grimstad.
Conclusion
The jewellery/watches/clocks/gold/silver store industry in Grimstad has shown strong growth and stability over the past few years. With high EBITDA margin, increasing sales, and stable employees, this is an attractive industry for founders. This is a good opportunity for new players who want to establish themselves in Grimstad. SmartGrunder can help founders find suitable addresses in Grimstad for this industry.