The Bar Industry in Askøy: Current Situation and Future Opportunities

The bar industry in Askøy is a small but dynamic sector with two registered companies. In recent years, the industry has shown both growth and instability, with a significant decline in sales revenue in 2024. At the same time, there has been the establishment of new companies, such as Herdla Kro & Pub As in 2026, which may indicate potential opportunities. The industry has, however, also seen the bankruptcy of one of the companies, highlighting the risks associated with operating in this sector. Future prospects are mixed, with both challenges and opportunities for entrepreneurs considering establishing themselves in Askøy.

Economic Trends

Over the past few years, sales revenue for the bar industry in Askøy has shown strong growth from 2021 to 2023, followed by a sharp decline of 89.6% in 2024. Sales revenue increased from 1.4 million NOK in 2021 to 2.8 million NOK in 2023, but dropped to 291,200 NOK in 2024. This may be due to variations in customer behavior or economic conditions in the municipality.

Workforce Development

The number of employees has shown a more unstable development. There were 0 employees from 2016 to 2020, before increasing to 1 employee in 2021 and 3 employees in 2022. In 2023, the number was maintained at 3 employees, but dropped to 1 employee in 2024 before increasing to 4 employees in 2026. This fluctuation may be due to the establishment of Herdla Kro & Pub As in 2026 and the bankruptcy of Best I Byn in 2024.

Registered Companies

There are two companies registered in the bar industry in Askøy:

1. Herdla Kro & Pub As (Træet 4, Kjerrgarden)

• Established: 2026-05-01
• Organizational form: AS
• Number of employees: 8
• Bankruptcies: No bankruptcy
• Sales revenue: 0 NOK
• EBITDA: 0 NOK

1. Best I Byn As (Kinnavegen 30, Hauglandshella)

• Established: 2009-11-17
• Organizational form: AS
• Number of employees: 1
• Bankruptcies: Bankruptcy
• Sales revenue: 292,000 NOK
• EBITDA: -658,000 NOK

Organizational Forms

Both companies have the organizational form AS, which is common for small and medium-sized companies in Norway. There are no other organizational forms registered in this sector in Askøy.

The bar industry in Askøy is distributed across two areas:

Kjerrgarden has one company with 8 employees, but no sales revenue or EBITDA. Hauglandshella has one company with 1 employee, but with negative EBITDA and a decline in sales revenue of 89% in 2024.

Industry Dynamics

The bar industry in Askøy has shown both growth and instability. One of the companies, Best I Byn As, went bankrupt in 2024, which may indicate economic challenges in the sector. At the same time, there has been the establishment of new companies, such as Herdla Kro & Pub As in 2026, which may indicate opportunities for growth.

Economic Challenges

Best I Byn As had a high debt of 4.6 million NOK and a negative EBITDA of -658,000 NOK in 2024. This may be a signal that companies in this sector may be vulnerable to economic risks, especially if they do not have sufficient income or efficient operations.

Outlooks for entrepreneurs in the bar industry in Askøy are mixed. On one hand, there has been the establishment of new companies, such as Herdla Kro & Pub As, which may indicate potential opportunities. On the other hand, there has been a bankruptcy and a significant decline in sales revenue in 2024, which may be a signal of instability in the sector.

Entrepreneurs should consider carefully analyzing the market, including competition, customer behavior, and economic conditions in the municipality. It may be beneficial to seek advice from local authorities or industry specialists to better understand the opportunities and challenges in this sector.

The bar industry in Askøy has both opportunities and challenges. With two companies and a certain degree of dynamism, it may be possible to establish oneself in this sector. However, it is important to be aware of the economic risks, such as bankruptcy and decline in sales revenue. Entrepreneurs should consider seeking advice from local authorities or industry specialists to better understand the market and plan the establishment in a way that minimizes risk.