Bicycle Store Industry in Haugesund: A Comprehensive Analysis

Other Observations

Haugesund has two registered bicycle shop companies, but both have highly uncertain financial results. One company (Sykkelshop Haugesund As) has a negative EBITDA and operates with a loss in operating income, while the other (Waterrower Norge) has no reported income or employees. This indicates an industry with significant uncertainty and potential challenges for new entrants.

Sales Development

Sales for bicycle shops in Haugesund increased strongly from 2016 to 2020, rising from NOK 4.5 million to NOK 8.5 million. Subsequently, there has been a sharp decline, with only NOK 2.1 million in 2025. This shows a clear crisis impact after 2020.

Employee Development

The number of employees has been highly unstable. There were 7 employees in 2016, but only 1 employee in 2026. The most significant decline occurred between 2024 and 2025 (-66.7%). This indicates an industry with significant uncertainty in operations and employee strategy.

Registered Companies

The following companies are registered in the bicycle shop industry in Haugesund:

Organizational Forms

Of the two companies, one is an AS and one is an ENK. This shows a mix of organizational forms, but both have highly uncertain financial results.

Geographic Distribution

Both bicycle shops in Haugesund are registered in the municipality, but with different addresses:

• Sykkelshop Haugesund As: Longhammarvegen 36, 2nd floor
• Waterrower Norge: Vassbrotet 5

There is no detailed geographic distribution within the municipality, but both companies are located in central areas of Haugesund.

Operational Efficiency and Bankruptcy Statistics

• Sykkelshop Haugesund As is not bankrupt, but has a negative EBITDA and operates with a loss in operating income.
• Waterrower Norge has no reported income or employees, which indicates inactive operations.

This industry shows signs of instability, with highly uncertain financial results and low operational efficiency among the registered companies.

Development Trends for New Entrants

The registered companies in the bicycle shop industry in Haugesund show a clear decline in sales and employees after 2020. This may indicate an industry affected by economic crises and competitive markets. For new entrants, this may be a challenge, but it could also provide opportunities to fill market gaps if they can adapt to conditions through innovation and efficient operations.

Comparison with the Business Supplier Sector

The business supplier sector in Haugesund has 27 companies, which shows a broader and more stable industry compared to the bicycle shop industry. Sales in this sector had a significant increase in 2020 (NOK 283.8 million), but have since declined. Employees in the sector have also been unstable, with a decline from 227 in 2016 to 133 in 2026.

Peer Companies in the Business Supplier Sector

Current peer companies in the business supplier sector include:

These companies show a more stable economic development compared to the bicycle shop industry.

Conclusion

The bicycle shop industry in Haugesund shows signs of instability, focusing on highly uncertain financial results and low operational efficiency. This may be a challenge for new entrants, but it could also provide opportunities for innovation and efficient operations. The business supplier sector in the municipality has a broader and more stable structure, which could provide important insights for development in the bicycle shop industry. SmartGrunder can help founders find optimal addresses in Haugesund for this industry based on natural conditions and market prospects.