Industry · municipality
The Restaurant Industry in Sveio: Current Situation and Future Opportunities
An analysis of companies, economy, and development trends in the municipality
Executive Summary
Overview of the restaurant industry in Sveio
The restaurant industry in Sveio is a small but dynamic sector with four registered companies in the municipality. In recent years, the industry has been marked by large variations in both sales and number of employees, with a peak in 2019 and a decline after the pandemic. Although the number of employees has been low (maximum 19 in 2017), data shows a gradual adaptation after 2021. The industry has not registered any bankruptcies in the municipality, but shows signs of economic challenges for some companies.
Economic Trends
Sales and employees in the restaurant industry in Sveio (2016–2025):
| Year | Sales (NOK) | Employees | Year-over-year sales change | Year-over-year employee change |
|---|---|---|---|---|
| 2016 | 2.4M | 10 | - | - |
| 2017 | 2.0M | 19 | -17.2% | +90.0% |
| 2018 | 0.73M | 13 | -63.5% | -31.6% |
| 2019 | 2.9M | 8 | +299.5% | -38.5% |
| 2020 | 0.42M | 5 | -85.7% | -37.5% |
| 2021 | 0.14M | 1 | -67.1% | -80.0% |
| 2022 | 0.018M | 2 | -86.9% | +100.0% |
| 2023 | 0.018M | 2 | 0.0% | 0.0% |
| 2024 | 0.018M | 4 | 0.0% | +100.0% |
| 2025 | 0.018M | 2 | 0.0% | -50.0% |
Sales experienced a sharp increase in 2019, but have since been on a downward trend, with a dramatic decline of 86.9% from 2021 to 2022. The number of employees has been highly variable, with a peak of 19 in 2017 and a minimum of 1 in 2021. There is a clear connection between economic challenges and reduction in employees, especially after 2020.
Companies in the Industry
The following companies are registered in the restaurant industry in Sveio:
- Carlos Invest As (Slettemyrvegen 125B, Sveio) – AS, founded 2021-08-08, 0 employees, operating income NOK 0.
- Kaien As (Tingvegen 74, Førde in Hordaland) – AS, founded 2012-01-10, 0 employees, operating income NOK -3.0K, total debt NOK 92.0K.
- Strand Restaurants As (Tittelsnesvegen 681, Valevåg) – AS, founded 2021-06-01, 0 employees, operating income NOK 0.
- Thai Taste Ulaiwan Deepakwaen Simonsen (Tingvegen 34, Førde in Hordaland) – ENK, founded 2016-04-14, 0 employees, operating income NOK 0.
Most companies have no employees and no operating income, which may indicate that they are in the start-up phase or face economic challenges. Kaien As has particularly negative figures, with a deficit of NOK -3.0K and debt of NOK 92.0K.
Geographic Distribution
The restaurant industry in Sveio is spread across several locations in the municipality and surrounding areas:
- Sveio: Carlos Invest As and Strand Restaurants As.
- Førde in Hordaland: Kaien As and Thai Taste Ulaiwan Deepakwaen Simonsen.
There is no detailed data on distribution per neighborhood in Sveio, but companies are located both within Sveio itself and in Førde. This may indicate that the restaurant industry in the municipality is linked to both local and regional markets.
Dynamics and Stability
Bankruptcies and economic challenges:
- No bankruptcy registrations in the restaurant industry in Sveio during the period 2016–2025.
- Kaien As has negative operating results and debt, which may indicate economic challenges.
- Strand Restaurants As and Thai Taste Ulaiwan Deepakwaen Simonsen have no operating income, which may suggest they are in the start-up phase or have low activity.
The industry shows a certain degree of stability, but there are clear signs that some companies are struggling to maintain operations. This may be a challenge for future growth, but also an opportunity for new players looking to establish themselves.
Future Opportunities
For entrepreneurs considering establishing themselves in the restaurant industry in Sveio, the data shows the following:
- Low competition level: Only four companies in the municipality, which may provide room for new players.
- Stable market: No bankruptcy registrations, but variations in sales and employees.
- Necessary flexibility: Economic challenges faced by some companies indicate that market conditions may be unstable.
- Geographic variation: Companies are distributed across Sveio and Førde, which may provide opportunities to focus on local or regional customers.
SmartGrunder can help entrepreneurs find suitable addresses in Sveio for the restaurant industry, with a focus on development perspectives and market conditions.
Conclusion
The restaurant industry in Sveio is a small but dynamic sector with growth potential. Although there have been large variations in sales and employees, data shows that the industry has been stable in terms of bankruptcy. For entrepreneurs, there may be opportunities in a low competition level, but it is important to be aware of economic challenges faced by existing companies. With the right strategy and focus on local markets, the restaurant industry in Sveio can become an important part of the municipality's economy in the future.