Industry · municipality
The Restaurant Industry in Masfjorden: Current Status and Outlook
Economic Overview, Businesses, and Development Trends in Masfjorden Municipality for the Restaurant Industry and Broader Restaurant/Café Sector
Executive Summary
The restaurant industry in Masfjorden is a small but dynamic sector with a unique development over the past few years. In 2022, the industry had a total sales volume of NOK 437,000, showing an increase of 25.2% compared to 2021. However, the number of employees in the industry is very low, with only one employee in 2022. The only registered company, Fjorden Kafe As, is in bankruptcy, highlighting the industry's uncertainty. Prospects for new players are complex, with both opportunities and challenges related to local competitiveness and economic stability.
Economic Overview
Economic Trends
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 258,000 | 0 |
| 2017 | 286,800 | 0 |
| 2018 | 395,000 | 0 |
| 2019 | 375,000 | 0 |
| 2020 | 272,000 | 1 |
| 2021 | 349,100 | 0 |
| 2022 | 437,000 | 1 |
The sales development has been uneven, with a significant increase of 37.7% from 2017 to 2018, followed by a decline of 5.1% in 2019. The most notable increase was recorded in 2020, with a rise of 27.5% from 2019 to 2020. In 2021 and 2022, the sales volume increased by 28.3% and 25.2%, respectively. This shows a gradual recovery after a period of decline, but with a very low number of employees throughout the industry.
Companies in the Industry
Registered Companies
There is one registered company in the restaurant industry in Masfjorden: Fjorden Kafe As. The company is registered under the legal form KBO (bankruptcy estate) and has an organization number of 936.9M. The company was founded on January 5, 2026 and has no employees. It is in bankruptcy, indicating economic challenges. The company has no sales revenue or operating profit and is registered at the address Fensfjordvegen 615, Hosteland.
Legal Forms
- KBO (bankruptcy estate): 1 company (Fjorden Kafe As)
Geographical Distribution
Activity in the restaurant industry in Masfjorden is concentrated in Hosteland, where Fjorden Kafe As is registered. There is no available data on the distribution of activity in other parts of the municipality. This suggests that the industry is highly location-dependent, and there is no broad geographical presence of restaurant operations in the municipality.
Operational Dynamics
The industry has been marked by a few bankruptcy cases, with Fjorden Kafe As as the only registered company in bankruptcy. This shows a certain degree of uncertainty and economic challenges in the sector. There is no available data on other bankruptcy cases or operationally problematic companies in the industry. However, there is no available data on companies that have been in operation, highlighting the industry's small size and uncertainty.
Outlook
Prospects for New Entrants
For new entrepreneurs in the restaurant industry in Masfjorden, the outlook is complex. On one hand, sales data show a gradual recovery after a period of decline, which may indicate potential opportunities. On the other hand, the industry is marked by a few bankruptcy cases and a very low number of employees, which may indicate economic challenges. It is important to assess local competitiveness and economic stability before investing in a business in this sector. SmartGrunder can help entrepreneurs explore potential addresses in the municipality for restaurant operations, focusing on natural conditions and operational prospects.
Outlook for the Broader Sector
In the broader sector restaurant / café in Masfjorden, data show a more dynamic development. In 2020, the sector had a sales volume of NOK 1.7 million, showing a significant increase of 352.4% compared to 2019. In 2021, the sector had a sales volume of NOK 2.0 million, showing an increase of 20.6%. However, the sector experienced a sharp decline of 78.6% in 2022, down to NOK 437,000. This shows a highly volatile development in the sector.
Peer Companies in the Broader Sector
In the broader sector restaurant / café, two companies are registered that do not belong to the restaurant industry:
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Bygdestovakafe Da | 0, 5986 Hosteland | 0 | 0 | 0 |
| Mors Kjøkken Kari Ann Kvamsdal | Sognevegen 2240, 5983 Haugsvær | 0 | 0 | 0 |
These companies have no sales revenue or operating profit, indicating that they are not in operation or have not been in operation. This underscores the industry's uncertainty and challenges in the broader sector.
Other companies in restaurant / kafé (not in restaurant)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Bygdestovakafe Da | cafe | 0, 5986 Hosteland | NOK 0 | 0 | NOK 0 |
| Mors Kjøkken Kari Ann Kvamsdal | cafe | Sognevegen 2240, 5983 Haugsvær | NOK 0 | 0 | NOK 0 |
Conclusion
The restaurant industry in Masfjorden is a small but dynamic sector with a unique development over the past few years. Although one company is registered in the industry, data show a gradual recovery after a period of decline. However, the industry is marked by a few bankruptcy cases and a very low number of employees, which may indicate economic challenges. In the broader sector restaurant / café, data show a more dynamic development, with both significant increases and declines. For new entrepreneurs, it is important to assess local competitiveness and economic stability before investing in a business in this sector. SmartGrunder can help entrepreneurs explore potential addresses in the municipality for restaurant operations, focusing on natural conditions and operational prospects.