Industry · municipality
Knit Store in Kinn: Industry Overview and Outlook
Analysis of companies, sales, employees, and development trends in Kinn for the knit store industry, focusing on opportunities and challenges for entrepreneurs and local decision-makers in 2025–2026.
Brief Overview of the Knit Store Industry in Kinn
Industry Overview
Kinn has a small but active knit store industry with three registered companies. The industry has shown strong growth since 2019, with sales increasing from 2.2 million NOK to 2.6 million NOK in 2021, although there have been variations in subsequent years. Employment trends have been more stable, with 4 employees in 2020–2026. The industry is dominated by AS (limited liability company) organizations, and there are no bankrupt companies in the data. Outlooks for entrepreneurs are mixed, with potential in creative sectors but also challenges related to financial stability.
Economic Trends for Knit Store in Kinn
Economic Trends
Sales and Employees in the Knit Store Industry in Kinn (2016–2025):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 250.000 | 2 |
| 2017 | 93.000 | 2 |
| 2018 | 261.300 | 2 |
| 2019 | 2.2M | 3 |
| 2020 | 2.5M | 4 |
| 2021 | 2.6M | 3 |
| 2022 | 2.3M | 4 |
| 2023 | 2.2M | 4 |
| 2024 | 2.3M | 4 |
| 2025 | 2.3M | 4 |
Sales experienced extreme growth of 729.8% from 2018 to 2019, but have since been more stable. Employee trends have been more consistent after 2020, with 4 employees in 2020–2026. There is a slight decline in 2021, but it stabilized afterward.
Companies in the Knit Store Industry in Kinn
Companies in the Industry
In Kinn, the following companies are registered in the knit store industry:
- Garn Og Brukskunst As (Strandgata 37, Florø) – 4 employees, AS organization, founded in 2019. Sales: 1.9M NOK, EBITDA: -14.0K NOK.
- De Kreative Damer Da (Sjøgata 19, Måløy) – 0 employees, DA (general partnership) organization, founded in 2007. No sales or profit.
- Nordfjordbunad As (Nordfjordvegen 8568, Almenningen) – 0 employees, AS organization, founded in 2007. Sales: 346.0K NOK, EBITDA: -102.0K NOK.
Organization Type Statistics:
- AS: 1 company, 4 employees, profit: -20.0K NOK.
- DA: 1 company, 0 employees, no profit.
- AS: 1 company, 0 employees, profit: -102.0K NOK.
Business Geography for Knit Store in Kinn
Business Geography
Florø is the only location in Kinn with activity in the knit store industry:
- Garn Og Brukskunst As (Strandgata 37, Florø) has 4 employees, sales of 1.9M NOK, and a profit of -20.0K NOK.
Other areas in the municipality have no registered companies in this industry. There is no data on activity in Måløy or Almenningen for this specific industry.
Business Dynamics and Financial Challenges
Business Dynamics
Bankruptcies and Financial Challenges:
- No companies in the knit store industry in Kinn are registered as bankrupt.
- Garn Og Brukskunst As has a negative EBITDA (0%) and a profit of -20.0K NOK, despite sales of 1.9M NOK.
- Nordfjordbunad As has a negative EBITDA margin of -29% and a profit of -102.0K NOK, despite a 25% increase in sales in 2022.
Conclusion: The industry shows potential, but financial challenges are evident, especially for companies with a low number of employees and high operating costs.
Outlook for Entrepreneurs in the Knit Store Industry in Kinn
Outlook for Entrepreneurs
For Entrepreneurs in Kinn:
- Positive: The industry has shown strong growth since 2019, with sales increasing from 2.2M NOK to 2.6M NOK in 2021. There is potential in creative sectors, especially in a municipality with a cultural focus.
- Negative: Financial challenges are evident, with several companies having negative EBITDA and a low number of employees. Competition from larger companies in the creative, arts, and entertainment activities industry can also be a challenge.
Recommendation: Entrepreneurs should consider focusing on unique product combinations, strong market positioning, and collaboration with local cultural initiatives to ensure stability.
Outlook for Creative, Arts, and Entertainment Activities in Kinn
Outlook for Creative, Arts, and Entertainment Activities
Broader industry2 (creative, arts, and entertainment activities) in Kinn:
- Sales: Increased from 88.9M NOK in 2016 to 104.6M NOK in 2025, with an average annual growth of 2.3%.
- Employees: Reduced from 136 employees in 2016 to 79 employees in 2026, with an average annual decline of 5.1%.
Peer companies in creative, arts, and entertainment activities (not in knit store):
- Nor Tekstil As Avd Jobbpartner Florø (Industrivegen 24, Florø): 5 employees, sales of 8.6M NOK, EBITDA of 2.4M NOK.
- Dressmann Thon Senter Florø Avd 105 (Hestenesgata 2, Florø): 4 employees, sales of 8.5M NOK, EBITDA of 1.4M NOK.
- Cubus Måløy Avd 886 (Måløy Stormarked): 7 employees, sales of 12.7M NOK, EBITDA of 1.2M NOK.
Conclusion: Creative, arts, and entertainment activities are a larger and more stable industry than knit store in Kinn. Entrepreneurs should consider leveraging this broader sector to ensure better financial stability.
Other companies in kreative, kunst og underholdningsaktiviteter (not in knit store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Nor Tekstil As Avd Jobbpartner Florø | clothing store | Industrivegen 24, 6905 Florø | NOK 8.6M | 5 | NOK 2.4M |
| Nor Tekstil As Avd Jobbpartner Måløy | clothing store | Amtskaia 26, 6700 Måløy | NOK 8.6M | 8 | NOK 2.4M |
| Dressmann Thon Senter Florø Avd 105 | clothing store | Hestenesgata 2, 6900 Florø | NOK 8.5M | 4 | NOK 1.4M |
| Cubus Måløy Avd 886 | clothing store | Måløy Stormarked, 6718 Deknepollen | NOK 12.7M | 7 | NOK 1.2M |
| Lefdal Måløy As | clothing store | Gate 1 70, 6700 Måløy | NOK 6.8M | 7 | NOK 722.0K |
| Exception As Avd Måløy | clothing store | Gate 1, 6701 Måløy | NOK 6.8M | 4 | NOK 586.2K |
| Euro Sko Florø | footwear store | Hestenesgata 4, 6900 Florø | NOK 7.7M | 5 | NOK 425.4K |
| Bjørn Eliassen As | clothing store | Strandgata 50, 6905 Florø | NOK 6.3M | 6 | NOK 110.0K |
| Classics As | clothing store | Gate 1 134, 6700 Måløy | NOK 2.4M | 2 | NOK 54.0K |
| Lagerutsalget As | national clothing store | Sjøgata 19, 6700 Måløy | NOK 930.0K | 1 | NOK 37.0K |
| Vi:ki As | clothing store | Strandgata 44, 6905 Florø | NOK 4.6M | 5 | NOK 26.0K |
| Bauge Og Knapstad As | clothing store | Evjegata 4, 6900 Florø | NOK 0 | 0 | NOK 0 |
| Cubus Thon Senter Florø Avd 86c | clothing store | Hestenesgata 4, 6900 Florø | NOK 0 | 8 | NOK 0 |
| Hjørdis Eliassen As Kiwi Florø | clothing store | Strandgata 50, 6905 Florø | NOK 0 | 0 | NOK 0 |
| Nanett Erna Lillebø Anett Lillebø | clothing store | Gate 5 86, 6700 Måløy | NOK 0 | 0 | NOK 0 |
| Trædal | clothing store | Brandsøyvegen 80, 6908 Florø | NOK 0 | 0 | NOK 0 |
| Villaarvik As | clothing store | Nedre Tennebø 143, 6718 Deknepollen | NOK 0 | 0 | NOK 0 |
| Kompani Kildal As | clothing store | Gaddevåggata 24, 6900 Florø | NOK 0 | 0 | NOK -4.0K |
| Monaarvik As | clothing store | Nedre Tennebø 143, 6718 Deknepollen | NOK 0 | 0 | NOK -13.0K |
| Raudeberg Møbel As | clothing store | 0, 6710 Raudeberg | NOK 0 | 0 | NOK -79.0K |
| Hjørdis Eliassen As Avd 644 Match Florø | clothing store | Strandgata 50, 6905 Florø | NOK 5.2M | 6 | NOK -253.5K |
| Hjørdis Eliassen As Avd Vic Amfisenteret | clothing store | Strandgata 50, 6905 Florø | NOK 6.8M | 9 | NOK -330.0K |
| Beso Holding As | footwear store | Strandgata 48, 6905 Florø | NOK 0 | 0 | NOK -340.0K |
Conclusion and Recommendations
Conclusion
The knit store industry in Kinn has shown potential, especially in 2019–2021, but has later been marked by financial challenges. With three companies and a stable employee trend, the industry is small but not without opportunities. Entrepreneurs should consider focusing on unique product combinations, strong market positioning, and collaboration with local cultural initiatives to ensure stability. At the same time, leveraging the broader creative, arts, and entertainment activities industry can provide better financial conditions. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to ensure success in this specific market niche.