Industry · municipality
The Bar Industry in Eidsvoll: Current Status and Future Prospects
A Detailed Analysis of Companies, Economic Trends, and Development Opportunities in the Eidsvoll Municipality
Executive Summary
The bar industry in Eidsvoll has been marked by significant fluctuations in recent years. Although there is only one registered bar in the municipality, Lille Barolo As, the economic development has shown both strong growth and dramatic declines. In 2019, sales reached a peak of NOK 5.9 million, but after a sharp decline in 2024 (down to NOK 25,000), there was an increase in 2025. The employment development has been similar, with a peak of 20 employees in 2019 and a decline to 1 employee in 2025. This illustrates an industry in constant change, with both opportunities and challenges for new players.
Economic Overview
Economic Trends
Sales Development (2016–2025):
| Year | Sales (NOK) | Year-over-Year Change |
|---|---|---|
| 2016 | 907,000 | - |
| 2017 | 1.0M | +12.8% |
| 2018 | 2.1M | +109.1% |
| 2019 | 5.9M | +178.1% |
| 2020 | 4.0M | -33.3% |
| 2021 | 4.5M | +13.8% |
| 2022 | 5.2M | +15.1% |
| 2023 | 5.4M | +4.0% |
| 2024 | 25,000 | -99.5% |
| 2025 | 330,000 | +1220.0% |
Employment Development (2016–2025):
| Year | Number of Employees | Year-over-Year Change |
|---|---|---|
| 2016 | 0 | - |
| 2017 | 5 | +∞% |
| 2018 | 10 | +100.0% |
| 2019 | 20 | +100.0% |
| 2020 | 17 | -15.0% |
| 2021 | 16 | -5.9% |
| 2022 | 18 | +12.5% |
| 2023 | 12 | -33.3% |
| 2024 | 8 | -33.3% |
| 2025 | 1 | -87.5% |
Critical Observation: The extreme decline in 2024 (from 5.4M to 25,000 NOK) and the subsequent increase in 2025 (to 330,000 NOK) indicate an unusual market fluctuation, which may be related to specific events or external influences.
Companies in the Industry
Registered Companies
There is 1 company in the bar industry registered in Eidsvoll:
- Lille Barolo As (Vormavegen 28, Eidsvoll)
- Legal Form: AS
- Founded: 2014-06-23
- Number of Employees: 0
- Bankrupt: No
- Sales: NOK 330,000 (2025)
- EBITDA: NOK 92,000 (2025)
- EBITDA Margin: 19%
- Economic Growth: 193% (2025 vs. previous years)
Legal Form Statistics: There is 1 AS in the industry, indicating a relatively small and specialized structure in the municipality.
Geographic Distribution
There is no detailed neighborhood-specific data available for the bar industry in Eidsvoll. The analysis area is limited to the municipality as a whole. This means it is not possible to provide a precise distribution of activity between different neighborhoods or locations in the municipality. For further analysis, it may be necessary to collect data at the local level.
Business Dynamism
Operational Dynamics and Bankruptcy Statistics
Bankruptcy Statistics: There are no bankrupt companies in the bar industry in Eidsvoll during the analyzed period. Lille Barolo As is still in operation, despite experiencing significant sales declines in 2024.
Operational Risk: The extreme decline in 2024 (from 5.4M to 25,000 NOK) and the subsequent increase in 2025 (to 330,000 NOK) indicate an industry with a high degree of uncertainty. This may be related to factors such as market fluctuations, competitive pressure, or external conditions (e.g., pandemic regulations, changes in customer preferences, or economic crises).
Outlook
Future Outlook
Short-Term Outlook (2025–2026): The dramatic increase in sales and EBITDA in 2025 (from 25,000 NOK to 330,000 NOK) may indicate the start of a new phase in the industry. This could be a result of strategic changes, increased market share, or improved operational efficiency.
Long-Term Outlook: With only one company in the industry, it is important to assess competitiveness and the market's ability to support more players. A possible development could be an increase in the number of companies, especially if there is potential to cater to different customer groups (e.g., cultural and leisure bars, cafes, etc.).
For Entrepreneurs: It is important to be aware of the greater uncertainty in the industry, but also to see the opportunities in the rising trend in 2025. Starting a business in this industry should consider stable income sources, cost optimization, and market differentiation to ensure long-term survival.
Conclusion
The bar industry in Eidsvoll shows a complex combination of strong growth, dramatic declines, and a relatively small market structure. With one company in the industry, it is important to assess both competitiveness and the market's potential for further development. The extreme sales decline in 2024 and the subsequent increase in 2025 illustrate an industry in constant change, requiring flexibility and strategic planning for both existing and new players. SmartGrunder can help entrepreneurs find suitable locations and strategies to establish themselves in this industry in Eidsvoll.