Industry · municipality
The Pizza Restaurant Industry in Vestvågøy: Current Situation and Outlook
Economic Overview, Companies, and Business Dynamics in Vestvågøy for the Pizza Restaurant Industry and the Broader Restaurant/Café Sector
Brief Industry Overview
The pizza restaurant industry in Vestvågøy is a niche industry with specific challenges and opportunities. Although there are no registered pizza restaurants in the municipality according to current data, overall statistics for the restaurant and café industry in Vestvågøy show a dynamic but uncertain industry. Annual revenues for the restaurant/café industry have varied between NOK 18.3 million and NOK 45.6 million in recent years, with a 29% decline from 2023 to 2024. Employment development has been more stable, with an average annual change of approximately ±2% over the past five years.
Economic Overview
No pizza restaurants are registered in Vestvågøy according to current data. It is therefore not possible to provide specific figures for sales development or number of employees in this subcategory. Overall, data for the restaurant and café industry in Vestvågøy shows that annual revenues have fluctuated significantly, peaking at NOK 45.6 million in 2019 and reaching a low of NOK 18.3 million in 2024. Employment development has been more stable, with an average annual change of approximately ±2% over the past five years.
Companies in the Industry
No companies operating as pizza restaurants are registered in Vestvågøy according to current data. It is therefore not possible to provide details about organizational forms or specific companies in this subcategory. However, 21 companies are registered in the broader restaurant/café industry in the municipality, including traditional restaurants, cafés, and specialized food service providers.
Business Geography
No geographic data for pizza restaurants in Vestvågøy is registered according to current data. It is therefore not possible to provide details about the distribution of activity across different neighborhoods or locations in the municipality. For the broader restaurant/café industry, however, activity is registered in several central neighborhoods in Vestvågøy, including Leknes, Bøstad, and Gravdal.
Business Dynamics
No bankruptcy statistics for pizza restaurants in Vestvågøy are registered according to current data. It is therefore not possible to provide details about the bankruptcy rate or bankruptcy dynamics in this subcategory. For the broader restaurant/café industry, data shows that some companies have experienced income declines due to economic challenges, but no bankruptcies are registered in this subcategory.
Outlook for Entrepreneurs
For an entrepreneur considering establishing a pizza restaurant in Vestvågøy, data shows an opportunity to fill a niche in the broader restaurant/café industry. With 21 companies in the broader category but no specialized pizza restaurants, there may be an opportunity to establish oneself in this niche. However, it is important to be aware of the uncertain economic conditions in the industry, as shown by the large variations in annual revenues and employment development.
Outlook for the Broader Industry
The broader restaurant/café industry in Vestvågøy has a more stable development than the specific pizza restaurant subcategory. Annual revenues have varied between NOK 18.3 million and NOK 45.6 million in recent years, with a 29% decline from 2023 to 2024. Employment development has been more stable, with an average annual change of approximately ±2% over the past five years. For the most competitive companies in this category, such as Live Lofoten As and Sjokoladerommet As, data shows they have higher revenues and more employees than many other companies in the category.
Other companies in restaurant / kafé (not in pizza restaurant)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Live Lofoten As | restaurant | Skjæret 2, 8340 Stamsund | NOK 14.9M | 36 | NOK 1.4M |
| Jawa As | restaurant | Øyaveien 80, 8373 Ballstad | NOK 0 | 0 | NOK 882.0K |
| Sjokoladerommet As | cafe | Martabakken 4, 8372 Gravdal | NOK 2.1M | 11 | NOK 280.0K |
| Skolestua Gjestegård As | restaurant | Haverringen 3, 8360 Bøstad | NOK 2.1M | 2 | NOK 203.0K |
| Bistrô La Dolce Vita Paolo Gozzi | restaurant | Sundsveien 292, 8372 Gravdal | NOK 0 | 0 | NOK 0 |
| Bjørnar Davidsen | restaurant | Eggumsveien 880, 8360 Bøstad | NOK 0 | 0 | NOK 0 |
| Heim Lofoten As | sushi restaurant | Oppsåttveien 12, 8373 Ballstad | NOK 0 | 0 | NOK 0 |
| Jordbærpikene Lofoten As | cafe | Storgata 8, 8370 Leknes | NOK 0 | 17 | NOK 0 |
| Kaikanten Kro Og Rorbu As | cafe | Ureveien 182, 8352 Sennesvik | NOK 0 | 0 | NOK 0 |
| L.martinsen | cafe | Ureveien 4, 8352 Sennesvik | NOK 0 | 0 | NOK 0 |
| Lille Milano Leknes Ercan Tunc | restaurant | Storgata 57, 8370 Leknes | NOK 0 | 7 | NOK 0 |
| Locanta Restauranter As | restaurant | Storgata 27, 8370 Leknes | NOK 0 | 15 | NOK 0 |
| Lofoten Bakeri Leknes | restaurant | Storgata 24, 8370 Leknes | NOK 0 | 11 | NOK 0 |
| Lofoten Turistsenter As | restaurant | Knutstadveien 349, 8360 Bøstad | NOK 0 | 5 | NOK 0 |
| Moments... As | restaurant | Buksnesveien 537, 8372 Gravdal | NOK 0 | 5 | NOK 0 |
| Norflok V. Galsgaard Olsen | restaurant | Indre Steinfjordvei 37, 8360 Bøstad | NOK 0 | 0 | NOK 0 |
| Sakura Lofoten Leknes As | restaurant | Storgata 105, 8370 Leknes | NOK 0 | 9 | NOK 0 |
| Skjenkeriet Lofoten As | restaurant | Televeien 29, 8370 Leknes | NOK 0 | 9 | NOK 0 |
| Leknes Grillkjøkken As | restaurant | Sentralbaneveien 2, 8370 Leknes | NOK 3.2M | 27 | NOK -44.0K |
| Leknes Grillkjøkken As | restaurant | Sentralbaneveien 2, 8370 Leknes | NOK 3.2M | 27 | NOK -44.0K |
| Lofoten Mat Og Vin As | restaurant | Storgata 59, 8370 Leknes | NOK 10.6M | 0 | NOK -873.0K |
Conclusion
The pizza restaurant industry in Vestvågøy is a niche industry with specific challenges and opportunities. Although no registered pizza restaurants exist in the municipality according to current data, overall statistics for the restaurant and café industry in Vestvågøy show a dynamic but uncertain industry. It is possible to establish oneself in this niche, but it is important to be aware of the uncertain economic conditions in the industry. SmartGrunder can help entrepreneurs considering establishing themselves in Vestvågøy by finding suitable locations and providing advice on how to establish oneself in this niche.