Bicycle Store in Kongsberg: Companies, Statistics, and Outlook

The bicycle store industry in Kongsberg shows a mix of stability and uncertainty. With two registered companies and a sales growth of +29.4% from 2023 to 2024, it indicates a gradual recovery following a sharp decline in 2020. However, wage statistics and bankruptcy data show that the industry is vulnerable to fluctuations, especially during economic crises. The only active store, Syklisten As, has demonstrated stable operations with positive EBITDA, while Skalstad Sykkel has been inactive since 2019. The industry has potential but requires strategic planning to manage market fluctuations.

Sales for bicycle store companies in Kongsberg showed a significant increase from 2020 to 2021 (+115.9%), but have since experienced a decline of -21.5% in 2022. In 2024, the industry achieved a sales uplift of NOK 1.1 million, which is 3.9% higher than 2023. Regarding employees, the industry has been unstable, with a decline from 2 employees in 2019 to 0 in 2020, followed by a gradual recovery back to 1 employee in 2021 and onwards. This shows that the industry is vulnerable to fluctuations in workforce size, especially during economic crises.

Two companies are registered in the bicycle store industry in Kongsberg:

1. Syklisten As (Bussedalen 2, Kongsberg)

• Organizational form: AS
• Founded: 2013-09-13
• Employees: 1
• Sales: NOK 1.1 million (2024)
• EBITDA: NOK 34,000
• EBITDA margin: 3%

1. Skalstad Sykkel Roar Skalstad (Storgata 37, Kongsberg)

• Organizational form: ENK
• Founded: 1995-02-20
• Employees: 0
• Sales: NOK 0 (2024)
• EBITDA: NOK 0

Organizational form statistics show that 100% of the companies in the industry are AS entities, indicating a certain level of formal operational structure.

All registered companies in the bicycle store industry in Kongsberg are located in the Kongsberg area. No activity is registered in other city districts or municipalities. This shows that the industry is concentrated in the municipality's central area, which can be both an advantage and a challenge regarding market proximity and bankruptcy risk.

The industry has been free of bankruptcies so far, which is a positive indicator of operational security. However, wage statistics show significant fluctuations in the number of employees, especially from 2019 to 2020 (a decline from 2 to 0 employees). This may indicate that the industry is vulnerable to external influences such as economic crises or changes in customer behavior. It is important to monitor operational statistics to detect early signs of instability.

The bicycle store industry in Kongsberg shows growth potential, especially after the strong recovery in sales from 2020 to 2021. However, it is important to be aware of market fluctuations and bankruptcy risk, particularly during economic crises. For entrepreneurs, focusing on differentiation and customer customization can be profitable to ensure stable operations. SmartGrunder can help analyze potential locations within the municipality to maximize market proximity and operational security.

The business services industry (parent category) in Kongsberg has a much larger company base (23 companies) compared to the bicycle store industry (2 companies). Sales for the parent category have been more volatile, with a decline of -58.0% from 2021 to 2022, while the bicycle store industry has shown a more stable development. Examples of peer companies in the parent category include:

• Sport 1 Kongsberg As (Herman Foss gate 12, Kongsberg) – Sales: NOK 11.5 million, EBITDA: NOK -2.6 million
• Sport1 Hvittingfoss As (Sentrumsveien 14, Hvittingfoss) – Sales: NOK 12.3 million, EBITDA: NOK -29,000

This shows that the parent category includes both large and small companies with different operational structures, which can provide both opportunities and challenges for the bicycle store industry.

The bicycle store industry in Kongsberg has both opportunities and challenges. With stable operations at Syklisten As and potential sales growth, the industry can be profitable for entrepreneurs focusing on quality and customer customization. However, it is important to be aware of market fluctuations and bankruptcy risk. SmartGrunder can help analyze potential locations within the municipality to ensure optimal market proximity and operational security.