Street Food in Vestvågøy: Current Status and Outlook

Street food in Vestvågøy is a small but dynamic industry with a unique development over the past few years. The only registered company, Digg Lofoten As, has shown significant variations in employees and revenue, with a dramatic increase in 2025–2026. This indicates potential growth opportunities, but also a need for further analysis of underlying factors affecting the industry.

Economic Trends

Revenue has shown a decline from 2016 to 2022, with a decrease of 67.5% from NOK 2.6 million to NOK 826,700. Then, a sharp increase occurs in 2025, where revenue rises to NOK 21.2 million (+13,097.7% from 2024). This is a unique development not documented in other years.

Number of employees has been highly variable, with a decline from 5 employees in 2016 to 1 employee in 2024, followed by a sharp increase to 49 employees in 2026. This development suggests a significant expected growth in the near future, but it is uncertain what has led to this change.

Registered Companies

There is 1 company registered in the street food industry in Vestvågøy:

Organizational form statistics show that all companies in the industry are AS entities, with 44 employees and no reported operating income or EBITDA.

Geographic Distribution

All activities in the street food industry in Vestvågøy are concentrated in Leknes:

There is no reported operating income or EBITDA for companies in this area.

Operational Dynamics

Bankruptcy Safety: There are no reported bankruptcies in the street food industry in Vestvågøy.

Operational Economic Variations: The number of employees has shown extreme variations, with a decline from 5 to 1 employee between 2016 and 2024, followed by a sharp increase to 49 employees in 2026. This may indicate expected growth, but it is uncertain what has led to this change.

Outlook for Entrepreneurs

The dramatic increase in employees (from 1 to 49 between 2024 and 2026) and revenue (from NOK 160,600 to NOK 21.2 million) suggests a potential growth period in the street food industry in Vestvågøy. This could be an opportunity for new entrepreneurs, especially if the underlying driver of this development (not documented in the data) is sustainable. However, it is important to consider the risk that previous downturns may affect future stability.

Fast food industry in Vestvågøy has 2 companies, while the street food industry has 1 company. Revenue in fast food has a more stable development, with a sharp increase from NOK 0 to NOK 21.2 million in 2025. One of the key competitors in the fast food industry is Bigfood As (fast food chain), which has:

• NOK 21.7 million in revenue
• NOK 3.4 million in EBITDA
• 27 employees
• Address: Storgata 8, 8370 Leknes

This shows that the fast food industry has greater economic resources and established companies, while the street food industry is less developed but shows potential growth.

Street food in Vestvågøy is a small but potentially growth-oriented industry. With a single company, Digg Lofoten As, which has shown extreme growth in employees and revenue in 2025–2026, there may be opportunities for further development. However, it is important to analyze what has led to this development and how it can be sustained. SmartGrunder can help entrepreneurs explore potential addresses and business models in Vestvågøy for this industry.