Gourmet Food Store in Bodø: An Industry Analysis

The gourmet food store industry in Bodø is a small but dynamic sector with three registered companies and a total of 10 employees in the municipality. The industry has experienced both strong growth and challenges over time, with a market value that has varied between 0 and 4.5 million Norwegian kroner from 2016 to 2025. It is particularly noteworthy that one of the registered companies (Livsstilscoachen/xtravaganza) has higher revenue and profit margins compared to the others, which may indicate a more stable business model.

The industry also has a unique advantage in being part of the broader services sector in Bodø, which has shown consistent growth in sales and employees over the past few years. This could give gourmet food store companies in the municipality an advantage by linking to a stronger industrial area.

Sales and Employee Development

• Sales: The industry reached a peak in 2017 with 4.5 million Norwegian kroner in sales, but has since experienced a sharp decline to 629,000 Norwegian kroner in 2024 before a mild increase to 603,000 Norwegian kroner in 2025. The most dramatic decline was recorded from 2019 to 2020 (-72.1 %).
• Employees: The number of employees has shown a more stable development, with an increase from 3 to 10 employees from 2023 to 2026. The most significant increase was recorded from 2024 to 2025 (+80 %).

Key Figures

• The only company group reporting positive figures (Livsstilscoachen/xtravaganza) has an EBITDA margin of 20 % and a profit margin of 53 %, which is higher than the industry average.
• There are no registered bankruptcies in the industry, which indicates a relatively stable sector.

Registered Companies

1. Smak & Behag (ENK, established 1987, 7 employees) – Has no reported financial figures.
2. Livsstilscoachen/xtravaganza (AS, established 2017, 3 employees) – Has high revenue (603,000 Norwegian kroner) and profit margin (53 %).
3. Kvarsvik Preventative Health (ENK, established 2024, 0 employees) – Has no reported financial figures.

Organizational Form

• ENK (1 company, 7 employees): Has no reported financial figures.
• AS (1 company, 3 employees): Has higher revenue and profit margin compared to ENK companies.

Recommendation: Companies with AS organizational form appear to have better financial results, which could be an important advantage for new entrepreneurs.

Activity Distributed Across Locations in the Municipality

• Bodø: 2 companies, 10 employees, 603,000 Norwegian kroner in sales, 126,000 Norwegian kroner in operating profit, 320,000 Norwegian kroner in gross profit.

Analysis: All companies in the industry are located in central parts of Bodø (City Nord Stormyra, Nordland Medical Center, Kongsdatterveien). This indicates that the industry has a concentrated distribution in the municipality, which can be both an advantage and a challenge for new companies wishing to establish themselves.

Bankruptcy Statistics

• No registered bankruptcies in the industry in Bodø over the past few years. This indicates that the industry has a relatively stable sector, even though there are large variations in financial results between companies.

Development Trends

• Largest Growth: From 2024 to 2025, the industry had an increase of 80 % in the number of employees and a decline of -4.1 % in sales.
• Largest Decline: From 2019 to 2020, the industry had a decline of -72.1 % in sales, which can be linked to external factors such as the pandemic.

Recommendation: This stabilization in the industry can be an advantage for new companies, but it is important to be aware of the large variations in financial results between companies.

Outlook for Entrepreneurs

Short-term Opportunities

• The industry has shown growth in the number of employees from 2024 to 2026, which may indicate increasing interest in the sector.
• There are no bankruptcies, which indicates a stable sector.

Long-term Challenges

• Sales have been unstable, with a decline of -4.1 % from 2024 to 2025. This can be a challenge for new companies wishing to achieve stable revenues.
• There are only three companies in the industry, which can provide opportunities for competitive companies, but also challenges with fewer partners.

Recommendation: Entrepreneurs should consider establishing themselves in a stable part of the municipality and focus on achieving high profit margins similar to companies that already have positive results.

Short-term Opportunities

• The services sector in Bodø has shown growth in sales from 2020 to 2025, with an increase of +2.8 % in 2025 compared to 2024.
• Employees have shown stable development, with an increase of +9.1 % from 2025 to 2026.

Long-term Challenges

• The services sector has shown a decline in sales from 2021 to 2022 (-3.9 %), which can be a challenge for companies in the industry.
• Competition in the services sector is high, with 111 companies in the municipality. This can provide opportunities for companies with unique offers, but also challenges with high competitiveness.

Recommendation: Entrepreneurs should consider establishing themselves in a stable part of the municipality and focus on achieving high profit margins similar to companies that already have positive results.

The gourmet food store industry in Bodø is a small but dynamic sector with growth potential. The industry has shown stable development in the number of employees and no bankruptcies, which indicates a relatively stable sector. However, there are large variations in financial results between companies, which can be a challenge for new companies.

Recommendation: Entrepreneurs should consider establishing themselves in a stable part of the municipality and focus on achieving high profit margins similar to companies that already have positive results. SmartGrunder can help entrepreneurs find suitable addresses in the municipality for this industry.