The Restaurant Industry in Stavanger: Analysis of Companies, Statistics, and Outlooks

Stavanger has a robust restaurant industry with over 279 registered companies. The industry has shown both strength and vulnerability over time, with a mix of successful businesses and individual bankruptcies. With an average wage cost of 336.5 million NOK and an EBITDA of 66.7 million NOK, the figures indicate an industry with both high competition and potential growth opportunities. SmartGrunder can help entrepreneurs find optimal addresses in Stavanger for restaurant operations.

Economic Trends

• Sales: The industry reached a peak of 1,003.2 million NOK in 2019, but fell by 22.7% to 776.0 million NOK in 2020 before gradually rising again.
• Employees: The number of employees decreased by 9.3% from 2017 to 2018, but increased by 22.3% from 2021 to 2022.
• EBITDA Margin: The industry has an average EBITDA margin of 7%, with variations between 4% and 14% in different districts.

Key Indicators

The figures show fluctuating development, with a clear decline during the pandemic and a gradual increase since 2022.

Major Companies in the Industry

• Flor & Fjære As: 112 employees, 99.0M NOK operating income, 22.2M NOK EBITDA
• Maestro F & B As: 81 employees, 38.2M NOK operating income, 1.6M NOK EBITDA
• Zouq Stavanger As: 42 employees, 21.5M NOK operating income, 4.6M NOK EBITDA

Organizational Forms

• AS: 141 companies, 2683 employees, 76.7M NOK EBITDA
• Enk: 6 companies, 21 employees, 0 NOK EBITDA

Bankruptcies

• Inside Kong Oscar Stavanger As: 9.3M NOK sales, -924.0K NOK EBITDA
• Paca As: 11.5M NOK sales, 396.0K NOK EBITDA
• Trattoria Testa Rossa As: 4.4M NOK sales, -148.0K NOK EBITDA

Distribution of Business in Stavanger

Special Observations

• Skartveit, Finnøy and Sjernarøy: No registered activity
• Rennesøy: 7.1M NOK sales, 765.0K NOK EBITDA, 10% EBITDA margin

Bankruptcy Statistics

• Total of 8 bankruptcies in the industry in Stavanger
• Eiganes Resturantdrift As: 0 NOK sales, 0 NOK EBITDA
• Inside Kong Oscar Stavanger As: 9.3M NOK sales, -924.0K NOK EBITDA
• Trattoria Testa Rossa As: 4.4M NOK sales, -148.0K NOK EBITDA

Economic Indicators

• Total operating income: 25.6M NOK
• Total operating profit: -1.5M NOK
• Total EBITDA: -726.0K NOK
• Average EBITDA per employee: -11.4K NOK

Development Trends for Entrepreneurs

• Stable number of companies: 279 companies in the industry, with an average wage cost of 336.5 million NOK
• EBITDA Margins: Variation from 4% to 14%, with an average of 7%
• Bankruptcy Risk: 8 bankruptcies recorded, but no clear trend in the number of companies
• Location: Stavanger has the most activity, but Hafrsfjord and Hundvåg show higher EBITDA margins

Recommendations

• Focus on districts with higher EBITDA margins (Hafrsfjord, Hundvåg)
• Consider starting in areas with low competition (Rennesøy, Mosterøy)
• Develop unique considerations to stand out in a competitive market

Comparison with Broader Category

• Restaurant/Café: 359 companies, 3552 employees, 1022.4M NOK sales
• Restaurant (leaf): 279 companies, 2571 employees, 759.4M NOK sales

Peer Companies in Broader Category

Key Observations

• Broader category has 10% higher sales than the restaurant industry
• Restaurant industry has higher EBITDA margin (7% vs 6%)
• Cafés and sushi restaurants dominate in the broader category

Stavanger has a complex and dynamic restaurant market with both opportunities and challenges. The industry shows resilience with an average EBITDA margin of 7%, but must manage competition and sales fluctuations. Entrepreneurs should focus on districts with higher EBITDA margins and develop unique considerations to stand out. SmartGrunder can help find optimal addresses and develop strategies to succeed in this competitive market.