Gourmet Food Store in Vågan: Industry Analysis and Development Trends

The gourmet food store industry in Vågan is a small but dynamic sector with a single business in the town center. Lillekiosken As, registered in Henningsvær, is the only company form in the industry and has shown variations in sales and employees over time. The industry has shown weak positive development in sales in 2024, but also unstable trends in operating results and operating margins. The broader services sector in Vågan, which includes supermarkets and other retail, shows a more stable development with higher sales and more employees. This can provide a basis for evaluating opportunities for specialized gourmet solutions in a competitive market.

Sales for the gourmet food store sector in Vågan have shown uneven development in recent years. From NOK 0 in 2016 to a peak of NOK 837,000 in 2024, followed by a decline to NOK 767,000 in 2025. Annual variations show an increase of +57.6% from 2019 to 2020, but a decline of -8.4% from 2024 to 2025. Employee numbers have been very small, with a maximum of 2 in 2021 and a decline to 1 in 2023 and 2025. The only business in the industry, Lillekiosken As, has a negative operating margin of -1% and an EBITDA margin of 0%, indicating challenges in operating results.

There is one company registered in the gourmet food store industry in Vågan: Lillekiosken As, with an address at Dreyers gate 5 in Henningsvær. The company is an AS, established on January 5, 2019, and has 1 employee. Financial data shows operating income of NOK 767,000, an operating result of NOK -8,000, and EBITDA of NOK -5,000. The company is not registered as bankrupt, but has a negative operating margin of -1% and an EBITDA margin of 0%.

All businesses in the gourmet food store industry in Vågan are located in Henningsvær. Here, one business is registered with 1 employee, sales of NOK 767,000, and a negative operating result of NOK -8,000. There are no other districts or geographic areas in the municipality with activity in this industry.

There are no registered bankruptcies in the gourmet food store industry in Vågan. The only business, Lillekiosken As, is not registered as bankrupt, but shows negative operating results. This indicates that the industry has a weak positive operating economy, but no major risk factors related to bankruptcy. However, it is important to note the negative operating margins and unstable sales figures as potential challenges for future development.

The gourmet food store industry in Vågan shows potential for growth, especially with a sales increase of +23.6% from 2023 to 2024. However, there are large variations in operating results and operating margins, which can be a challenge for new players. With one business in the industry, there may be opportunities to develop specialized solutions in a market segment that is not fully utilized. SmartGrunder can help entrepreneurs find suitable addresses in Vågan for this industry.

The broader services sector in Vågan has 27 companies, compared to one in the gourmet food store industry. Sales for the services sector have grown by +13.1% from 2024 to 2025, reaching NOK 646.3 million, with an average operating economy that is more stable than in the gourmet sector. Examples of peer companies in the services sector include Extra Svolvær 1892 (sales NOK 71.2M, EBITDA NOK 3.9M) and Ng Kiwi Nord As Avd 177 Svolvær Sentrum (sales NOK 103.7M, EBITDA NOK 2.7M). This shows that the services sector has a more robust economy, while the gourmet sector is specialized and less widespread.

The gourmet food store industry in Vågan is a small but potentially growth-friendly sector with one business and unstable economic trends. The broader services sector shows a more stable development with higher sales and more companies. For entrepreneurs, there may be opportunities in a specialized market, but it is important to consider operational financial challenges. SmartGrunder can help find suitable addresses and strategies to establish oneself in this municipality.