Industry · municipality
Bicycle Store in Hustadvika: Current Status and Outlook
Analysis of companies, statistics, and opportunities for entrepreneurs in Hustadvika municipality for the bicycle store industry and the broader business services sector (business services).
Executive Summary
The bicycle store industry in Hustadvika is a very small and static sector with only one registered company. The sole actor, Ronny Ræstad, has no employees, no sales revenue, and no operating profit. The industry shows no activity in recent years, indicating a very low market share in the municipality. At the same time, data from the broader business services sector (which includes bicycle stores) shows a more dynamic development with variations in sales and number of employees. This could provide a basis for assessing opportunities for new actors in the sector, especially if there is a need for local accessibility to bicycles and related services.
Economic Overview
The bicycle store industry in Hustadvika shows no activity in recent years. Sales and number of employees have been zero for all years from 2016 to 2026. This is shown in the table below:
| Year | Sales (NOK) | Number of Employees |
|---|---|---|
| 2016 | 0 | 0 |
| 2017 | 0 | 0 |
| 2018 | 0 | 0 |
| 2019 | 0 | 0 |
| 2020 | 0 | 0 |
| 2021 | 0 | 0 |
| 2022 | 0 | 0 |
| 2023 | 0 | 0 |
| 2024 | 0 | 0 |
| 2025 | 0 | 0 |
| 2026 | 0 | 0 |
There is no indication of growth or activity in the industry, which may be due to a small market share or lack of demand for services in the sector.
Companies in the Industry
One company is registered in the bicycle store industry in Hustadvika:
| Name | Address | Legal Form | Incorporation Year | Number of Employees | Bankrupt |
|---|---|---|---|---|---|
| Ronny Ræstad | Øvre Haukåsvegen 132, Elnesvågen | ENK | 2003 | 0 | No |
The company has no sales revenue, no operating profit, and no employees. There is no publicly available information about operating results or financial key figures for the company, which may indicate a very small or inactive business.
Business Geography
All registered companies in the bicycle store industry in Hustadvika are located in Elnesvågen:
| Location | Number of Companies |
|---|---|
| Elnesvågen | 1 |
There is no data about the distribution of activity in other city districts or areas in the municipality. This may indicate that there is no broader market share or demand for services in the sector.
Business Dynamics
There are no registered bankruptcies in the bicycle store industry in Hustadvika. The only company, Ronny Ræstad, is not bankrupt, but has no employees and no sales revenue. This may indicate a very small or inactive business. There is no data about operating results or financial key figures for the company, which may indicate a lack of economic activity in the sector.
There is no indication of growth or activity in the industry, which may be due to a small market share or lack of demand for services in the sector.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering establishing themselves in the bicycle store industry in Hustadvika, there may be both opportunities and challenges. There are no competitors in the sector, which may provide a unique opportunity to fill a need for local accessibility to bicycles and related services. At the same time, data from the broader business services sector shows a more dynamic development with variations in sales and number of employees. This may provide a basis for assessing opportunities to establish oneself in the sector, especially if there is a need for local accessibility to bicycles and related services.
However, it is important to consider the economic challenges, such as lack of sales revenue and no employees in the only registered company. This may indicate a very small market share or lack of demand for services in the sector.
Outlook for the Broader Business Services Sector
The broader business services sector in Hustadvika shows a more dynamic development compared to the bicycle store industry. Sales and number of employees have varied over time, with an increase in sales from 2017 to 2018 and a decrease in number of employees from 2016 to 2017. This is shown in the table below:
| Year | Sales (NOK) | Number of Employees |
|---|---|---|
| 2016 | 0 | 10 |
| 2017 | 193.5K | 6 |
| 2018 | 7.7M | 5 |
| 2019 | 7.6M | 4 |
| 2020 | 7.3M | 4 |
| 2021 | 8.8M | 5 |
| 2022 | 8.5M | 7 |
| 2023 | 8.9M | 8 |
| 2024 | 8.0M | 8 |
| 2025 | 8.6M | 9 |
| 2026 | 7.0M | 7 |
The broader business services sector has more companies and a more stable development in sales and number of employees. This may provide a basis for assessing opportunities to establish oneself in the sector, especially if there is a need for local accessibility to bicycles and related services.
Current peer companies in the business services sector include:
| Name | Address | Industry | Sales (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|---|---|
| I Sport Elnesvågen As | Torget 9, 6440 Elnesvågen | Sports Equipment Store | 8.7M | 8 | 161.0K |
| Adrenix As | Sommarstølen 3, 6440 Elnesvågen | Sports Equipment Store | 0 | 0 | 0 |
| Toma Båt Tom Grunde Malme | Nedre Julsvang 22, 6445 Malmefjorden | Boat Equipment Store | 0 | 0 | 0 |
This shows that there is a broader variation in sales and number of employees in the business services sector, which may provide a basis for assessing opportunities to establish oneself in the sector.
Other companies in forretningsleverandør (not in bicycle store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| I Sport Elnesvågen As | sport equipment store | Torget 9, 6440 Elnesvågen | NOK 8.7M | 8 | NOK 161.0K |
| Adrenix As | sport equipment store | Sommarstølen 3, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Toma Båt Tom Grunde Malme | boat equipment store | Nedre Julsvang 22, 6445 Malmefjorden | NOK 0 | 0 | NOK 0 |
Conclusion
The bicycle store industry in Hustadvika is a very small and static sector with only one registered company. The sole actor, Ronny Ræstad, has no employees, no sales revenue, and no operating profit. The industry shows no activity in recent years, indicating a very low market share in the municipality. At the same time, data from the broader business services sector shows a more dynamic development with variations in sales and number of employees. This may provide a basis for assessing opportunities for new actors in the sector, especially if there is a need for local accessibility to bicycles and related services.
SmartGrunder can help entrepreneurs explore addresses in Hustadvika for the bicycle store industry, especially if there is a need for local accessibility to bicycles and related services.