Industry · municipality
The Restaurant Industry in Fjord: Current Situation and Future Outlook
Analysis of companies, statistics, and outlooks for entrepreneurs and local decision-makers in Fjord municipality (2016–2025). This includes both the restaurant industry and the broader industry (restaurant/cafe).
Executive Summary
Overview of the Restaurant Industry in Fjord
The restaurant industry in Fjord has shown both challenges and growth over the past few years. There are 7 companies in the industry, distributed across two central areas: Stordal and Valldal. Employment figures have been uneven, with a significant increase from 2022 to 2023 (+138.5%), while sales figures have shown both large declines (such as in 2017 and 2020) and an increase of over 30% from 2022 to 2025. Valldal has been a more active region with profitable companies, while Stordal has more companies with zero sales or employees.
Economic Overview
Sales and Employees in the Restaurant Industry in Fjord (2016–2025):
| Year | Sales (NOK) | Employees | Year-over-Year Change in Sales | Year-over-Year Change in Employees |
|---|---|---|---|---|
| 2016 | 1.1M | 18 | - | - |
| 2017 | 0 | 19 | -100.0% | +5.6% |
| 2018 | 1.1M | 18 | +42.6% | -5.3% |
| 2019 | 1.6M | 13 | -100.0% | -27.8% |
| 2020 | 0 | 9 | -30.8% | -33.3% |
| 2021 | 1.2M | 6 | +123.4% | -33.3% |
| 2022 | 2.6M | 13 | +123.4% | +116.7% |
| 2023 | 3.6M | 31 | +34.9% | +138.5% |
| 2024 | 2.8M | 33 | -20.3% | +6.5% |
| 2025 | 3.9M | 37 | +36.0% | +12.1% |
Key Figures:
- Highest Sales: 3.9M NOK in 2025 (Gudbrandsjuvet Cafe AS)
- Largest Growth: +138.5% increase in employees from 2022 to 2023
- Lowest Sales: 0 NOK in 2017 and 2020 (multiple companies)
- Lowest Employees: 6 in 2021 (a decline of 33.3% from 2020)
Companies in the Industry
Registered Companies in the Restaurant Industry in Fjord (2025):
| Company | Address | Organizational Form | Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|---|
| Nilsgardstunet AS | Stordalsvegen 573, Stordal | AS | 24 | 0 | 0 |
| Gudbrandsjuvet Cafe AS | Valldalsvegen 1425, Valldal | AS | 10 | 3.9M | 346,000 |
| Stova AS | Valldalsvegen 476, Valldal | AS | 7 | 0 | 0 |
| Blåtind/kokarsteinen Gatekjøkken Peder Vikenes | Nørdalen 131, Stordal | ENK | 0 | 0 | 0 |
| Eidsdal Hotel & Restaurant AS | Eidsdalsvegen 96, Eidsdal | AS | 0 | 0 | 0 |
| Siri Katrin Øcalan | Stordalsvegen 567, Stordal | ENK | 0 | 0 | 0 |
| Vikenes Lff | Ekrelia 28, Stordal | ENK | 0 | 0 | 0 |
Organizational Form Statistics:
- AS: 3 companies, 41 employees, 3.9M NOK sales, 8% EBITDA margin
- ENK: 4 companies, 0 employees, 0 NOK sales, 0% EBITDA margin
Bankruptcy Safety: No companies in the industry are registered as bankrupt in 2025.
Business Geography
Distribution of Activity in Fjord (2025):
| Area | Number of Companies | Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Stordal | 4 | 24 | 0 | 0 |
| Valldal | 3 | 17 | 3.9M | 346,000 |
Key Figures:
- Valldal has 3 companies with combined sales of 3.9M NOK and EBITDA of 346,000 NOK
- Stordal has 4 companies, but no sales or EBITDA reported
- Stordal has more companies (4) than Valldal (3), but Valldal has higher profitability
Business Dynamism
Bankruptcy Statistics:
- No companies in the restaurant industry in Fjord are registered as bankrupt in 2025.
Growth and Decline:
- Largest Growth: +138.5% increase in employees from 2022 to 2023 (primarily due to Gudbrandsjuvet Cafe AS)
- Largest Decline: -100.0% decrease in sales in 2017 and 2020 (due to multiple companies with zero sales)
- Stable Number of Companies: 7 companies in 2025, same as in 2024
Different Organizational Forms:
- AS companies have higher profitability (8% EBITDA margin) compared to ENK companies (0% EBITDA margin)
Outlook
Trend Analysis:
- Increase in Employees: From 34 in 2026 to 37 in 2025 (+8.1%)
- Increase in Sales: From 2.8M NOK in 2024 to 3.9M NOK in 2025 (+36.0%)
- Valldal has proven to be more stable with profitable companies, while Stordal has more companies with zero sales
Potential Challenges:
- Different organizational forms can affect the industry's stability (ENK companies have lower profitability)
- Different areas have different developments (Valldal has higher profitability)
Potential Opportunities:
- Growth in employees from 2022 to 2023 may indicate increased interest in the industry
- Increase in sales from 2022 to 2025 may indicate increased consumption in the region
Outlook for the Broader Industry
Outlook for the Broader Industry (Restaurant/Cafe)
Comparison with the Broader Industry:
- Number of Companies: 9 companies in the restaurant/cafe industry compared to 7 in the restaurant industry
- Sales: 6.3M NOK in 2025 for restaurant/cafe compared to 3.9M NOK for restaurant
- Employees: 44 employees in 2025 for restaurant/cafe compared to 37 employees for restaurant
Peer Companies in the Broader Industry:
| Company | Address | Organizational Number | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|---|
| Khaya Ipp AS | 0, 6210 Valldal | 815290712 | 2.5M | 9 | 42,000 |
| R.t. Sjåstad | Gjerthagen 19, 6215 Eidsdal | 935293359 | 0 | 0 | 0 |
Conclusion: The broader industry (restaurant/cafe) has higher sales and more companies, but the restaurant industry has a higher EBITDA margin (8%) compared to 0% for cafe companies in the peer list.
Other companies in restaurant / kafé (not in restaurant)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Khaya Ipp As | cafe | 0, 6210 Valldal | NOK 2.5M | 9 | NOK 42.0K |
| R.t. Sjåstad | cafe | Gjerthagen 19, 6215 Eidsdal | NOK 0 | 0 | NOK 0 |
Conclusion
The restaurant industry in Fjord has shown both challenges and opportunities over the past few years. With growth in employees and sales from 2022 to 2025, as well as a stable industry in Valldal, the industry can be an attractive choice for entrepreneurs. At the same time, attention should be paid to different organizational forms and regional differences in profitability. SmartGrunder can help entrepreneurs find suitable addresses in Fjord for the restaurant industry, based on data and development trends.