Industry · municipality
Bicycle Store in Vennesla: Current Status and Outlook
A detailed analysis of the industry, companies, and development in the municipality.
Executive Summary
The bicycle store industry in Vennesla shows a unique development. Although no companies are registered in this specific industry, there has been a significant increase in sales from 2018 to 2019 (+297.8%). This indicates potential opportunities for growth, especially in light of the broader business services sector, which shows stable development. However, there are no active companies in this industry in the municipality, which may indicate low competitiveness or a new market opportunity.
Economic Overview
Sales development:
- 2016–2017: 0 NOK
- 2018: 180,700 NOK
- 2019: 719,019 NOK (+297.8% from 2018)
- 2020: 765,000 NOK (+6.4% from 2019)
Employee development:
- 2016–2019: 0 employees
- 2020–2021: 1 employee
This data shows a strong increase in sales from 2018 to 2019, but a very low number of employees (1) in 2020 and 2021. There are no registered companies in this industry in Vennesla, which may indicate a small or new market niche.
Companies in the Industry
There are no registered companies in the bicycle store industry in Vennesla. However, 10 companies are registered in the broader category of business services, which includes companies in sports equipment stores and similar sectors. These companies are not direct competitors, but they may indicate market structure and potential collaboration opportunities.
Organizational forms:
- No data available for this industry.
- In the broader business services category, companies are registered with organizational forms such as AS and AN.
Business Geography
There is no available data on the distribution of activity per city/place in Vennesla for the bicycle store industry. Therefore, it is not possible to provide a detailed overview of where the activity is concentrated in the municipality. This may be a limitation in the analysis of market structure and potential location opportunities.
Business Dynamics
Bankruptcies and company changes:
- There is no available data on bankruptcies or company changes in the bicycle store industry in Vennesla.
- In the broader business services category, there have been minor variations in the number of employees, but no bankruptcies have been registered.
Conclusion: The industry shows stable development without major changes. However, there are no active companies in this industry, which may indicate a small market niche or an opportunity for growth.
Outlook for Founders
Despite no companies being registered in the bicycle store industry in Vennesla, sales data shows a significant increase from 2018 to 2019. This may indicate a potential market niche, especially in light of the broader business services sector, which shows stable development. Founders should consider the opportunities to establish themselves in the municipality, especially considering the economic development in the broader category. However, it is important to conduct further market analyses to verify potential opportunities.
Outlook for the Broader Business Services Category
Economic development:
- Sales: Highest in 2021 (20.9 million NOK), with a decline to 14.6 million NOK in 2024.
- Employees: Highest in 2022 (14 employees), with variations over the years.
Peer companies in the business services category:
| Name | Address | Sales | Employees | EBITDA | |
|---|---|---|---|---|---|
| Better Workwear Vennesla As | c/o Scan Trade AS | Vigeland Brugs veg 6, 4708 Vennesla | 7.5 M NOK | 0 | 689,000 NOK |
| Sport Og Fritid As | Torsbyvegen, 4700 Vennesla | 6.9 M NOK | 4 | -551,000 NOK | |
| Videogården As | Torsbyveien 20-26, 4700 Vennesla | 0 NOK | 0 | 227,000 NOK | |
| Better Workwear Vennesla As (duplicate) | c/o Scan Trade AS | Vigeland Brugs veg 6, 4708 Vennesla | 7.5 M NOK | 0 | 689,000 NOK |
Conclusion: The broader business services category shows a more stable development compared to the bicycle store industry. This may indicate a better market structure and potential collaboration opportunities for new companies.
Other companies in forretningsleverandør (not in bicycle store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Better Workwear Vennesla As | sport equipment store | c/o Scan Trade AS|Vigeland Brugs veg 6, 4708 Vennesla | NOK 7.5M | 0 | NOK 689.0K |
| Videogården As | sport equipment store | Torsbyveien 20-26, 4700 Vennesla | NOK 0 | 0 | NOK 227.0K |
| Bronebakk Øksekast As | sport equipment store | Per Gynts veg 21, 4706 Vennesla | NOK 0 | 0 | NOK 0 |
| Bronebakk Øksekast As | sport equipment store | Per Gynts veg 21, 4706 Vennesla | NOK 0 | 0 | NOK 0 |
| Sport Outlet Vennesla | sport equipment store | Torsbyvegen 6, 4700 Vennesla | NOK 0 | 11 | NOK 0 |
| Storck Studio As | sport equipment store | Løvsangervegen 4A, 4708 Vennesla | NOK 0 | 0 | NOK 0 |
| Storck Studio As | sport equipment store | Løvsangervegen 4A, 4708 Vennesla | NOK 0 | 0 | NOK 0 |
| Workjam V/harald Mølbach Aas | sport equipment store | c/o Harald Mølbach Aas|Lundevegen 4, 4708 Vennesla | NOK 0 | 0 | NOK 0 |
| Villmarksglimt As | sport equipment store | Venneslavegen 259, 4708 | NOK 614.0K | 0 | NOK -18.0K |
| Sport Og Fritid As | sport equipment store | Torsbyvegen, 4700 Vennesla | NOK 6.9M | 4 | NOK -551.0K |
Conclusion
The bicycle store industry in Vennesla shows a unique development with a significant increase in sales from 2018 to 2019, even though no companies are registered in this industry. The broader business services category shows stable development, which may indicate potential opportunities for growth. Founders should consider the opportunities to establish themselves in the municipality, especially considering the economic development in the broader category. However, it is important to conduct further market analyses to verify potential opportunities. SmartGrunder can help explore addresses in Vennesla for this industry.