Industry · municipality
Bicycle Store in Notodden: Industry Analysis and Outlook
A detailed assessment of companies, economics, and future opportunities in Notodden for the bicycle store industry and the broader business services sector.
Executive Summary
The bicycle store industry in Notodden is very small, with only one registered company: Ventilen Sykkel & Service As. Although this company was founded in 2026, data shows it has no employees, sales revenue, or operating profit. The industry has been in decline since 2016, with a significant reduction in the number of employees (from 1 to 0) and sales revenue (from 1.7 million NOK to 603,200 NOK in 2020). The broader business services sector in Notodden, however, has shown more stability, with an increase in the number of employees and sales revenue up to 2021.
Economic Overview
Sales Development (2016–2020):
| Year | Sales Revenue (NOK) | Annual Change |
|---|---|---|
| 2016 | 1.7M | - |
| 2017 | 1.3M | -22.6% |
| 2018 | 1.3M | -1.0% |
| 2019 | 1.4M | +6.9% |
| 2020 | 603.2K | -57.2% |
Number of Employees (2016–2026):
| Year | Number of Employees | Annual Change |
|---|---|---|
| 2016 | 1 | - |
| 2017 | 1 | 0.0% |
| 2018 | 1 | 0.0% |
| 2019 | 1 | 0.0% |
| 2020 | 0 | -100.0% |
| 2021–2026 | 0 | - |
The industry has been marked by a sharp decline in sales revenue and employees after 2019, with no recovery in the number of employees since 2020.
Companies in the Industry
Ventilen Sykkel & Service As is the only registered company in the industry in Notodden. The following details are shown:
- Incorporation Year: 2026
- Legal Form: AS
- Number of Employees: 0
- Sales Revenue: 0 NOK
- Operating Profit: 0 NOK
- Shareholders' Equity: 0 NOK
- Location: Torvet 2, Notodden
There are no other companies in the industry in Notodden. Ventilen Sykkel & Service As has not reported operating profit or employees, which may indicate that the company is in the early stages or has been affected by external factors.
Business Geography
All activities in the bicycle store industry in Notodden are concentrated in the Notodden municipality, with a particular focus on Torvet 2. There is no detailed breakdown of activities within the municipality, but all registered companies have addresses in Notodden. This suggests that the industry does not have a broad geographic presence within the municipality.
Business Dynamics
Bankruptcies and Operating Profit:
- There are no reported bankruptcies in the bicycle store industry in Notodden.
- Ventilen Sykkel & Service As has no operating profit, employees, or sales revenue, which may indicate that the company is in the early stages or has been affected by external factors.
Operating Profit and Economic Stability:
- The industry has been marked by a sharp decline in sales revenue and employees since 2016. There are no indications of economic stabilization in the sector.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering starting a business in the bicycle store industry in Notodden, the following points are important to note:
- Small Market: The industry is very small with only one registered company, which may indicate low competitiveness.
- Stable Market: Although the industry has been in decline, there are no bankruptcies, which suggests that it may be possible to establish oneself in the municipality.
- Potential Synergies: The broader business services sector in Notodden has shown more stability, which could be an advantage for entrepreneurs seeking to leverage business relationships in the municipality.
Outlook for the Broader Business Services Sector
Business Services Sector in Notodden has shown a more stable development compared to the bicycle store industry:
- Sales Development (2016–2025):
- Sales revenue increased from 48.9 million NOK in 2016 to 83.9 million NOK in 2021, before declining to 44.9 million NOK in 2025.
- Annual change: +8.3% (2016→2017), +11.8% (2017→2018), +14.3% (2018→2019), +9.1% (2019→2020), +13.8% (2020→2021), -20.4% (2021→2022), -17.6% (2022→2023), -17.3% (2023→2024), -1.3% (2024→2025).
- Number of Employees (2016–2026):
- The number of employees increased from 24 in 2016 to 31 in 2022, before declining to 23 in 2026.
Peer Companies in the Business Services Sector:
| Name | Address | Sales Revenue (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Sport 1 Tuven As | Tuvenbøygen 2, 3676 Notodden | 35.3M | 17 | 4.0M |
| Telemark Lagerservice As | Anundskåsveien 74, 3675 Notodden | 5.3M | 4 | 1.3M |
| Trond Alvestad As | Storgata 67, 3674 Notodden | 4.8M | 3 | 31.0K |
| Espen Blomhaugen | Furuskotvegen 11, 3684 Notodden | 0 | 0 | 0 |
| Jostein Thomassen | Bjørn Evjes gate 7, 3681 Notodden | 0 | 0 | 0 |
| Keeperkingz V Solås | Fridtjof Nansens gate 8, 3679 Notodden | 0 | 0 | 0 |
| Olav Nisi Børsemaker & Mek Verksted | Nisivegen 166, 3691 Gransherad | 0 | 0 | 0 |
| Pedersen Knut Ole | Breisetvegen 118, 3683 Notodden | 0 | 0 | 0 |
| Syklisten Gary Bruce Turner | Heddalsvegen 24, 3674 Notodden | 0 | 0 | 0 |
| Aiir As | Grotbekkvegen 4A, 3679 Notodden | 119.0K | 0 | -42.0K |
The business services sector has more companies and shows a more stable development, which could be an advantage for entrepreneurs seeking to leverage business relationships in the municipality.
Other companies in forretningsleverandør (not in bicycle store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Sport 1 Tuven As | sport equipment store | Tuvenbøygen 2, 3676 Notodden | NOK 35.3M | 17 | NOK 4.0M |
| Telemark Lagerservice As | boat equipment store | Anundskåsveien 74, 3675 Notodden | NOK 5.3M | 4 | NOK 1.3M |
| Trond Alvestad As | hunter shop | Storgata 67, 3674 Notodden | NOK 4.8M | 3 | NOK 31.0K |
| Espen Blomhaugen | sport equipment store | Furuskotvegen 11, 3684 Notodden | NOK 0 | 0 | NOK 0 |
| Jostein Thomassen | sport equipment store | Bjørn Evjes gate 7, 3681 Notodden | NOK 0 | 0 | NOK 0 |
| Keeperkingz V Solås | sport equipment store | Fridtjof Nansens gate 8, 3679 Notodden | NOK 0 | 0 | NOK 0 |
| Olav Nisi Børsemaker & Mek Verksted | hunter shop | Nisivegen 166, 3691 Gransherad | NOK 0 | 0 | NOK 0 |
| Pedersen Knut Ole | sport equipment store | Breisetvegen 118, 3683 Notodden | NOK 0 | 0 | NOK 0 |
| Syklisten Gary Bruce Turner | sport equipment store | Heddalsvegen 24, 3674 Notodden | NOK 0 | 0 | NOK 0 |
| Aiir As | sport equipment store | Grotbekkvegen 4A, 3679 Notodden | NOK 119.0K | 0 | NOK -42.0K |
Conclusion
The bicycle store industry in Notodden is very small and has been in decline since 2016. The only registered company, Ventilen Sykkel & Service As, has no employees, sales revenue, or operating profit, which suggests that the industry does not have a stable economic condition. However, the broader business services sector in Notodden shows a more stable development, with more companies and a higher level of economic activity. Entrepreneurs considering starting a business in Notodden should consider potential synergies in the business services sector, as well as opportunities to develop in a less competitive industry such as bicycle stores. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to establish themselves in the municipality.