Bicycle Store in Skien

The bicycle store industry in Skien is a small but dynamic sector with three registered companies. In recent years, the industry has been marked by large variations in sales and number of employees, with a decline from 2022–2024 followed by a mild increase in 2025. One of the three companies (Sykkel Bjørn As) reports negative results, while the other two companies (Steen Sykler) have no activity. The industry is concentrated in the Skien city center, and there are no bankruptcy registrations among the companies. For entrepreneurs, this can be a challenge, but also an opportunity to fill a niche in a market segment that is relatively stable in the larger business supplier sector.

The bicycle store industry in Skien has shown large variations in sales and employees over time. Sales rose sharply from 2017 to 2018 (+163.4%), but have since been on a downward trend, with a decline of 53.1% from 2021 to 2022. In 2025, sales had a mild increase of 33.2% compared to 2024. The number of employees has been even more volatile, with a decline from 4 employees in 2022 to 0 employees in 2025 before an increase to 1 employee in 2026. The EBITDA margin has been negative throughout, with the lowest value at -33% in 2023.

There are three companies registered in the bicycle store industry in Skien:

1. Sykkel Bjørn As (Rødmyrjordet 13, Skien)

• Organizational form: AS
• Founded: 2016-12-06
• Employees: 1
• Sales: NOK 1.7M
• EBITDA: NOK -588.0K
• Result: NOK -599.0K

1. Steen Sykler (Steinstuhavna 13, Skien) – two registrations

• Organizational form: ENK
• Founded: 2024-11-12 and 2025-02-07
• Employees: 0
• Sales: NOK 0
• EBITDA: NOK 0

All companies are registered in Skien, and there are no bankruptcy registrations among them.

Bicycle store activity in Skien is concentrated in one part of the municipality:

• Skien (1 company, 1 employee, sales NOK 1.7M)

There is no activity registered in other city districts or municipalities in Vestfold and Telemark.

The industry has been marked by large variations in both sales and employees. The only active company group (Sykkel Bjørn As) has negative results, with an EBITDA margin of -33% and a negative result of NOK -599.0K. There are no bankruptcy registrations, but there is no activity in two of the three companies. This indicates an industry in transition, with potential challenges in maintaining operations and profitability.

For entrepreneurs in the bicycle store industry in Skien, there can be both challenges and opportunities. The industry has proven to be unstable with large variations in sales and employees, but there is also potential to fill a niche in a market segment that is relatively stable in the larger business supplier sector. It is important to carefully assess the competition and economic conditions before establishing yourself. SmartGrunder can help find suitable locations and assess business prospects in the municipality.

The business supplier sector in Skien is much larger than the bicycle store industry, with 41 companies. Sales in the sector had a sharp decline of 45.3% from 2024 to 2025, but there is a wide range of companies with different activities, including boat equipment, sports equipment, and hunting shops. Current peer companies in the sector have a broad variation in EBITDA, with companies such as Motor Huset As (NOK 2.1M EBITDA) and Grenland Sport As (NOK 25.0K EBITDA). This shows that the business supplier sector has both strong and weak actors, and the bicycle store industry can be part of this broad sector.

The bicycle store industry in Skien is a small but dynamic sector with potential for development. Although there are challenges in the form of unstable sales and negative results, there may be opportunities for entrepreneurs who want to fill a niche in a market segment that is relatively stable in the larger business supplier sector. It is important to carefully assess the competition and economic conditions before establishing yourself. SmartGrunder can help find suitable locations and assess business prospects in the municipality.