The Restaurant Industry in Øksnes

The restaurant industry in Øksnes consists of 10 registered companies, with a mix of older established businesses and new companies founded after 2022. Employment trends have been uneven, with a peak of 72 employees in 2019 and a decline to 42 employees in 2026. Sales have followed similar patterns, with growth up to 2019, followed by a sharp decline during the pandemic and a gradual recovery since. The broader category restaurant / café in the municipality has 11 companies, showing that the industry has a certain level of diversity and development potential.

Sales for restaurant businesses in Øksnes have shown an increase from 2016 to 2019, with a peak of NOK 17.1 million in 2018. Thereafter, there was a sharp decline of 34.1% from 2019 to 2020, likely due to the pandemic. Sales have gradually recovered since, but remain below the 2019 level. Employment trends have been similar, with a peak of 72 employees in 2019 and a decline to 42 employees in 2026. This development highlights the industry's vulnerability, especially in connection with major external events.

In Øksnes, restaurant businesses are organized as AS (5 companies) and ENK (2 companies). The most well-known companies include Holmvik Brygge & Discover Vesterålen As (19 employees) and Nyksund Ekspedisjonen As (15 employees), which have higher income and operating results. There are also several new companies founded after 2022, such as Myre Gatekjøkken As and Pettersen Streetfood, which have not yet reported income. There are no registered bankruptcies in the industry, but some companies have negative operating results or zero income.

Most restaurant businesses in Øksnes are located in Myre, which has 4 companies and 43 employees. Myre has higher sales (NOK 10.7 million) and operating results (NOK 265,000) compared to Alsvåg, which has one company and 7 employees. However, Alsvåg has a negative income growth of -44% from 2019 to 2020, which may indicate specific challenges in this part of the municipality. Myre is therefore a more attractive location for new businesses in the industry.

There are no registered bankruptcies in the restaurant industry in Øksnes, showing a certain level of stability. However, data show that some companies have negative operating results or zero income, such as Arthur Brygga As and Myre Gatekjøkken As. This may indicate that some businesses have difficulty maintaining operations or face specific challenges. It is important to monitor these companies to see if changes occur in the future.

For entrepreneurs considering starting a restaurant in Øksnes, it is important to be aware of the vulnerabilities visible in the data. The gradual decline in sales and number of employees after 2019 shows that the industry may be vulnerable to external events. However, Myre is an attractive location with higher sales and operating results. It may also be possible to leverage the broader category restaurant / café in the municipality, which has higher sales and more companies. Entrepreneurs should consider focusing on quality, unique offerings, and strong market positioning to ensure success.

The broader category restaurant / café in Øksnes has 11 companies, showing that the industry has a certain level of diversity. Sales for this category have been higher than for the restaurant industry alone, with a peak of NOK 19.5 million in 2017. Employment trends have also been more stable, with a peak of 87 employees in 2019. One of the key competitors in this category is Stedet As, a café with NOK 2.2 million in sales and 19 employees. This shows that cafes and bars can play an important role in the broader category, which could be a potential direction for new businesses.

The restaurant industry in Øksnes has both opportunities and challenges. With 10 companies and a certain level of diversity, the industry can be an attractive choice for entrepreneurs. However, the data show that the industry has been affected by external events, such as the pandemic, and has a vulnerability in relation to sales and number of employees. Myre is a more attractive location compared to Alsvåg, and it may be possible to leverage the broader category restaurant / café to find new opportunities. Entrepreneurs should consider focusing on quality, unique offerings, and strong market positioning to ensure success. SmartGrunder can help find suitable addresses and develop strategies for new businesses in the municipality.