The Restaurant Industry in Larvik: Current Status and Future Prospects

Overview of the Restaurant Industry in Larvik

The restaurant industry in Larvik is an important part of the local economy, with 74 companies registered in the municipality. In 2025, the industry had a total sales of NOK 192.9 million and 541 employees. There has been an increase in the number of employees compared to 2024, but sales have increased by 7.6% from 2024 to 2025. The industry has also been affected by some bankruptcies, such as Grill Dress As in Stavern, which was registered as bankrupt in 2025. This shows that the industry has both potential and challenges.

In 2025, the restaurant industry in Larvik had a total sales of NOK 192.9 million, representing an increase of 7.6% compared to 2024. The number of employees increased by 6.3% from 2024 to 2025, showing a positive development in the labor market. Over the past few years, the industry has had variations in sales and number of employees, with a decline in 2018 and 2019, but an increase in 2024 and 2025. This shows that the industry has a dynamic development influenced by various factors such as economic conditions and customer behavior.

There are 74 companies in the restaurant industry in Larvik, with various organizational forms. The most common organizational forms are AS and ENK. For example, Skipperstua Restaurant As in Stavern has 51 employees and sales of NOK 19.0 million. Other large companies include Bøkekroa As in Larvik with 48 employees and Grandkvartalets Restauranthus As with 41 employees. These companies have varying financial results, and some of them have negative EBITDA values, showing that they may have challenges in achieving profitability.

The restaurant industry in Larvik is distributed across several neighborhoods and cities in the municipality. The most active companies are found in Larvik, with 24 companies and 452 employees. In Stavern, there are 6 companies with 112 employees, and in Helgeroa, there is 1 company with 25 employees. In Tjodalyng and Nevlunghavn, there are also companies, but with fewer employees. This shows that the restaurant industry is most concentrated in Larvik, but also present in other cities in the municipality.

The industry has been affected by some bankruptcies, such as Grill Dress As in Stavern, which was registered as bankrupt in 2025. This shows that the industry has both potential and challenges. Although there are some bankruptcies, there are also many companies with positive financial results. For example, Skipperstua Restaurant As has a positive EBITDA of NOK 3.2 million, while Grandkvartalets Restauranthus As has a negative EBITDA of NOK -429,000. This shows that there are large variations in financial results among companies in the industry.

Outlook for Entrepreneurs

For entrepreneurs considering starting a restaurant in Larvik, the data show that there are both opportunities and challenges. The industry has shown positive development in sales and number of employees in recent years, indicating a growing market. However, there are also bankruptcies showing that there are challenges in achieving profitability. Entrepreneurs should therefore be aware of financial results and market conditions. SmartGrunder can help entrepreneurs find suitable addresses in Larvik to start a restaurant, based on data and development trends in the industry.

Outlook for the Broader Industry (Restaurant/Cafe)

The broader industry restaurant/cafe in Larvik had 97 companies in 2025, showing that it is a larger industry than just restaurants. This industry had a total sales of NOK 236.8 million in 2025, which is an increase of 17.1% compared to 2024. The number of employees also had a growth of 6.0% from 2024 to 2025. This shows that the broader industry has a more stable development compared to just restaurants. For example, Stavern Sushi As in Stavern has a positive EBITDA of NOK 919,000, while Bakersmia Cafe As has a negative EBITDA of NOK 0. This shows that there are large variations in financial results among companies in the broader industry.

The restaurant industry in Larvik has shown positive development in recent years, with increasing sales and number of employees. However, there are also bankruptcies showing that there are challenges in achieving profitability. Entrepreneurs should therefore be aware of financial results and market conditions. The broader industry restaurant/cafe has a more stable development, showing that there are opportunities to start a restaurant in Larvik. SmartGrunder can help entrepreneurs find suitable addresses in Larvik to start a restaurant, based on data and development trends in the industry.