Industry · municipality
Electrical Goods Retail in Vestvågøy: Current Status and Future Outlook
Analysis of the industry, companies, and development trends in Vestvågøy for entrepreneurs and local decision-makers in 2025–2026.
Executive Summary
Electrical goods retail in Vestvågøy has been a very small and unstable industry since 2017. The only registered business in the industry had 3 employees and NOK 4.6 million in sales in 2016, but the activity was completely discontinued in 2017 with 0 employees and only NOK 26,925 in sales. There are no businesses registered in the industry after 2017, which shows a significant decline of over 99% in both sales and number of employees. This makes Vestvågøy a municipality with little current activity in electrical goods retail, but there may be potential for future development in the industry if new initiatives emerge.
Economic Overview
Sales and employees in electrical goods retail in Vestvågøy (2016–2026):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 4.6M | 3 |
| 2017 | 26.9K | 0 |
| 2018–2026 | 0 | 0 |
There is a significant decline of -99.4% in sales from 2016 to 2017, and a total decline of -100% in the number of employees. There are no businesses registered in the industry after 2017, which shows a complete discontinuation of activity in the industry in Vestvågøy. This means there are no relevant data for sales or employees after 2017.
Companies in the Industry
There are no businesses registered in the electrical goods retail industry in Vestvågøy after 2017. The only registered business had 3 employees in 2016, but there is no information about company structure or organizational form for this business. Therefore, it is not possible to provide a detailed overview of companies in the industry in Vestvågøy after 2017.
Business Geography
There is no available data on the distribution of activity in different neighborhoods or areas in Vestvågøy for the electrical goods retail industry. There is no registered activity in the industry after 2017, so it is not possible to provide a detailed overview of where the activity has been located in the municipality.
Business Dynamics
There is no available data on bankruptcies or bankrupt companies in the electrical goods retail industry in Vestvågøy. However, it is clear that activity in the industry has been very unstable, with a complete discontinuation in 2017. This may indicate that there have been significant challenges for businesses in the industry in Vestvågøy, but without bankruptcy data, it is not possible to provide a detailed analysis of the industry's dynamics.
Future Outlook
For entrepreneurs considering starting a business in the electrical goods retail industry in Vestvågøy, it is important to be aware of the very unstable history in the industry. There are no businesses registered in the industry after 2017, which shows that there has been a significant decline in activity. This may indicate that there are challenges associated with establishing a new business in the industry in Vestvågøy, but it may also present opportunities to fill a market gap if new needs for electrical goods emerge in the municipality.
Outlook on the Overarching Industry (Agriculture)
Agriculture is an overarching industry in Vestvågøy with a larger business base than the electrical goods retail industry. In 2026, agriculture in Vestvågøy had 37 employees and NOK 75.4 million in sales. This shows that agriculture is a more stable and development-oriented industry in the municipality compared to electrical goods retail.
Peer companies in agriculture (not in electrical goods retail):
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Elkjøp Leknes As | Leknessletta 3, 8370 | 64.5M | 21 | 779.0K |
| Leknes Retail As | Storgata 26, 8370 Leknes | 11.8M | 8 | 1.3M |
| Strauman Optikk As | Lekneskroken 9C, 8370 | 11.9M | 6 | 1.8M |
These companies show that it is possible to achieve higher sales and EBITDA in agriculture compared to electrical goods retail in Vestvågøy. This can be an important advantage for entrepreneurs considering starting a business in Vestvågøy, even though electrical goods retail has been unstable in the municipality.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Strauman Optikk As | optical store | Lekneskroken 9C, 8370 | NOK 11.9M | 6 | NOK 1.8M |
| Leknes Retail As | electronics store | Storgata 26, 8370 Leknes | NOK 11.8M | 8 | NOK 1.3M |
| Elkjøp Leknes As | electronics store | Leknessletta 3, 8370 | NOK 64.5M | 21 | NOK 779.0K |
| Jemm As | optical store | Strandveien 5, 8340 Stamsund | NOK 0 | 0 | NOK 24.0K |
| Marianne Johansen | audio equipment / musical instruments store | Kvalen 15, 8373 Ballstad | NOK 0 | 0 | NOK 0 |
| Polar Pixel As | audio equipment / musical instruments store | Krokbakken 10, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Sofie Birkenstock Design | audio equipment / musical instruments store | Haugveien 82, 8372 Gravdal | NOK 0 | 0 | NOK 0 |
| Sundman Musikk | audio equipment / musical instruments store | Breidablikk 19, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Synsam Leknes | optical store | Storgata 8, 8370 Leknes | NOK 0 | 6 | NOK 0 |
| Ballstad Radioservice As | electronics store | Leknessletta 3, 8370 | NOK 0 | 0 | NOK -18.0K |
Conclusion
Electrical goods retail in Vestvågøy has been a very small and unstable industry since 2017, with no businesses registered after 2017. This means there are no relevant data for sales, employees, or companies in the industry in Vestvågøy after 2017. However, it is possible to see that agriculture is a more stable and development-oriented industry in Vestvågøy, which can be an important advantage for entrepreneurs considering starting a business in the municipality. SmartGrunder can help entrepreneurs explore potential addresses in Vestvågøy for electrical goods retail, and provide advice on how to leverage potential opportunities in the municipality.