Industry · municipality
Hair Salon Industry in Vestvågøy: A Comprehensive Overview
Economic Trends, Company Landscape, and Outlook for Founders and Local Decision-Makers
Executive Summary
The hair salon industry in Vestvågøy has shown a clear increase in sales and number of employees in recent years, with particularly high growth after 2020. There are 26 companies registered in the industry, with a total sales volume of NOK 27.3 million in 2025. Leknes is the most active area, with four companies and 16 employees. The industry has a relatively stable structure, with AS as the main form of organization, and no registered bankruptcies. Outlooks for founders are positive, especially in Leknes, but competition is strong.
Economic Overview
Sales and employee development:
- Sales: The industry had a total sales of NOK 9.4 million in 2016, and this increased to NOK 27.3 million in 2025, a growth of 50.4 %.
- Employees: The number of employees had a fluctuating development, with a maximum of 30 employees in 2019, and 19 employees in 2026. The most significant growth was recorded from 2020 to 2025, with an increase of 21.4 %.
Yearly development:
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 9.4M | 23 |
| 2025 | 27.3M | 19 |
Most important: Sales have grown strongly after 2020, which indicates an increasing demand for services in the industry.
Companies in the Industry
There are 26 companies registered in the hair salon industry in Vestvågøy, with the following development:
- AS companies: 5 companies, with a total of 17 employees and sales of NOK 27.4 million.
- ENK companies: 1 company, with 3 employees and sales of NOK 0.
Important companies:
- Mediwell As (Leknes): Sales of NOK 21.5 million, 6 employees, EBITDA margin of 16 %.
- Chang Leonard As (Leknes): Sales of NOK 3.7 million, 6 employees, EBITDA margin of 6 %.
- Hårek Salong As (Stamsund): Sales of NOK 391,000, 1 employee, EBITDA margin of -1 %.
Note: Some companies have no sales or employees, such as Hedda Frisørsalong and Hair By Farstad As.
Business Geography
Distribution of companies and activity:
| Location | Number of companies | Employees | Sales (NOK) |
|---|---|---|---|
| Leknes | 4 | 16 | 27.2M |
| Bøstad | 1 | 3 | 0 |
| Stamsund | 1 | 1 | 391,000 |
Most important: Leknes is the most active area, with four companies and 16 employees. Bøstad and Stamsund have less activity, with one company each, and Bøstad has no sales or employees.
Business Dynamics
Bankruptcy and economic stability:
- No registered bankruptcies in the industry in Vestvågøy.
- Hårek Salong As (Stamsund) has a negative EBITDA of NOK -6,000, which may indicate economic challenges.
Growth and challenges:
- Sales have grown strongly after 2020, with a growth of 50.4 % from 2016 to 2025.
- Employees have grown from 23 in 2016 to 19 in 2026, with a growth of 21.4 % from 2020 to 2025.
- Outlook: The industry shows a positive development, but it is important to be aware of the competition and economic challenges faced by some companies.
Outlook
Outlook for founders
Positive development:
- The industry has shown a strong growth in sales and number of employees in recent years, especially after 2020.
- Leknes is the most active area, with four companies and 16 employees, which can be an advantage for new founders.
Competition:
- There are 26 companies in the industry, which indicates a strong competitive landscape.
- Hårek Salong As and Hedda Frisørsalong have no sales or employees, which can be an opportunity for new companies.
Recommendation: Founders should consider establishing themselves in Leknes, where there is the most activity, and be aware of the competition and economic challenges in the industry.
Outlook for the Parent Industry
Outlook for the parent industry (hairdressing salon)
Parent industry:
- The hairdressing salon industry has 38 companies in Vestvågøy, which indicates a broader market structure than the hair salon industry.
- Sales: Total sales of NOK 27.3 million in 2025, with a growth of 47.9 % from 2020 to 2025.
- Employees: 19 employees in 2026, with a growth of 21.4 % from 2020 to 2025.
Peer companies:
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Beauty Bell Pedersen | Svarholtveien 5, 8340 Stamsund | 0 | 0 | 0 |
| Conturkliniken Gisela Erika Magda Lena Ferneman | Ørnveien 13, 8370 Leknes | 0 | 0 | 0 |
| Hilde Løvdal | Hagebyveien 55B, 8370 Leknes | 0 | 0 | 0 |
Note: Peer companies in the hairdressing salon industry have no sales or EBITDA, which may indicate data challenges or new companies.
Other companies in frisørsalong (not in hair salon)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Beauty Bell Pedersen | beauty salon | c/o Isabell Pedersen|Svarholtveien 5, 8340 Stamsund | NOK 0 | 0 | NOK 0 |
| Beauty Bell Pedersen | beauty salon | c/o Isabell Pedersen|Svarholtveien 5, 8340 Stamsund | NOK 0 | 0 | NOK 0 |
| Conturkliniken Gisela Erika Magda Lena Ferneman | beauty salon | Ørnveien 13, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Din Stund Kristin B Olufsen | beauty salon | Storgata 56, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Hilde Løvdal | skin care salon | Hagebyveien 55B, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Lofoten Negle Studio Mona Kristin Wold Finstad | beauty salon | Langhaugen 24, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Lofoten Negle Studio Mona Kristin Wold Finstad | beauty salon | Langhaugen 24, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Maxcare As | beauty salon | Hagskarveien 398, 8340 Stamsund | NOK 0 | 0 | NOK 0 |
| Maxcare As | beauty salon | Hagskarveien 398, 8340 Stamsund | NOK 0 | 0 | NOK 0 |
| Neastudio Holand | beauty salon | Indre Steinfjordvei 111, 8360 Bøstad | NOK 0 | 0 | NOK 0 |
| Studio Strøken Jakobsen | beauty salon | Storgata 98, 8370 Leknes | NOK 0 | 0 | NOK 0 |
| Velvære Medisinsk Hudklinikk As | beauty salon | Mortsundveien 32, 8370 Leknes | NOK 0 | 0 | NOK 0 |
Conclusion
The hair salon industry in Vestvågøy shows a positive development, with increasing sales and number of employees in recent years. Leknes is the most active area, and there are opportunities for new founders. It is important to be aware of the competition and economic challenges in the industry. SmartGrunder can help founders find suitable addresses in Vestvågøy for this industry.