Childcare Services in Vågan: Industry Analysis and Development Trends

Childcare services in Vågan are a small, but stable industry with a single business in the town centre. The only registered business, Bremnes As, has been present since 1995 and has shown variations in employees and revenue over time. The industry has experienced both growth and challenges, especially in connection with the pandemic and market fluctuations. This analysis provides an overview of the industry's economic development, businesses, geographic distribution, and future opportunities.

Economic trends

Over the last 10 years, revenue for childcare services in Vågan has grown from NOK 4.6 million in 2016 to NOK 6.9 million in 2025, with an average annual growth of approximately 3.5%. There have been marked fluctuations, with an increase of 19.3% from 2018 to 2019 and a decline of 7.7% from 2019 to 2020. In 2025, a new increase of 9.6% was recorded after a short period of decline in 2024.

Workforce development

The number of employees has varied between 4 and 10 over the years, with an average of 6 employees. There was an increase from 2021 to 2023, but a decline in 2024 and 2025. The only business has an EBITDA margin of 3% and a gross profit of 46%, which shows a relatively stable financial position.

Registered businesses

There is one business registered in the childcare services industry in Vågan: Bremnes As, which is an AS with 6 employees and an operating income of NOK 7.0 million. The business was established in 1995 and has not been bankrupt. There are no other businesses in the industry in the municipality.

Organisational forms

All businesses in the industry are organised as AS. There are no companies with other organisational forms such as sole proprietorships or limited partnerships.

Geographic distribution

All businesses in the industry are located in Svolvær, which is the main town in Vågan. Here, one business is registered with 6 employees and an operating income of NOK 7.0 million. Svolvær is an important economic hub in the municipality, and it is likely an advantage for businesses in the service industry to be located here.

Industry dynamics

There are no registered bankruptcies in the childcare services industry in Vågan in recent years, which indicates a stable industry. Nevertheless, the number of employees and revenue have shown significant fluctuations, especially in connection with the pandemic (2020) and market fluctuations in 2024. This may indicate that the industry is sensitive to external factors such as economic downturns and consumer behaviour.

Future opportunities

For entrepreneurs considering establishing themselves in childcare services in Vågan, the data indicate that there is potential in a stable market key and an existing customer group. The only business has shown the ability to survive and adapt over time, which can be an indication of a good market. However, it is important to be aware of fluctuations in revenue and employees, which can be influenced by external factors. Vågan, as a tourist town, can also provide opportunities for specialised offerings and a quality focus.

Childcare services in Vågan are a small, but stable industry with a single business that has shown the ability to survive over time. Economic data show growth in revenue and a relatively stable operating economy. For entrepreneurs, the industry can provide opportunities, especially in a tourist-friendly municipality. SmartGrunder can help find suitable locations and assess potential challenges in the industry.