The Restaurant Industry in Værøy: Current Situation and Future Prospects

The restaurant industry in Værøy is a small but dynamic sector with two registered companies. In recent years, the industry has shown significant variations in sales, with a strong increase from 2023 to 2024 (+1267.7%), followed by a dramatic decline in 2025 (-80.2%). The average number of employees has been 0 throughout the entire period, indicating that the companies operate with minimal or no employees. In comparison to the broader restaurant / café category in the municipality, which has three companies, the data shows that the local restaurant sector has a more unstable economic development.

Sales and employees in the restaurant sector in Værøy:

Sales experienced an extreme increase in 2024, but fell back to 2025 levels. This may indicate a temporary economic boom or unpredictable market development. The average number of employees has been 0 throughout, which may be due to companies operating with small or no employees, or being in an early stage of operations.

Comparison with the broader restaurant / café category:

• Sales: The broader category had a stable sales overview of approximately 1.0 million NOK in 2023, but fell to 191,500 NOK in 2024 and 38,000 NOK in 2025.
• Employees: The average number of employees in the broader category has been lower, with 2 employees in 2024 and 1 in 2025.

In Værøy, there are 2 companies registered in the restaurant sector, as follows:

1. Cafè Super'n As (Sørland 54, Værøy)

• Organizational form: KBO
• Founded: 2025-12-18
• Sales: 0 NOK
• EBITDA: 0 NOK
• Bankrupt: Not bankrupt

1. Kornelius Kro As (Værøy)

• Organizational form: AS
• Founded: 1987-07-24
• Sales: 38,000 NOK
• EBITDA: -301,000 NOK
• Bankrupt: Not bankrupt

Organizational forms: There is 1 KBO company and 1 AS company registered. This indicates a mix of small and traditional businesses.

The two companies in the restaurant sector in Værøy are distributed as follows:

• Cafè Super'n As: Sørland 54, Værøy
• Kornelius Kro As: Værøy (address not specified)

There is no detailed geographic breakdown of activity within the municipality, but both companies operate in central areas of Værøy. This may indicate that the restaurant sector in the municipality is concentrated in certain areas, which can be an advantage for collaboration and marketing.

Bankruptcies and economic stability:

• Cafè Super'n As: Not bankrupt, but has no sales or EBITDA.
• Kornelius Kro As: Has negative EBITDA (-301,000 NOK) and operates with a sales overview of 38,000 NOK. This indicates a highly uncertain economic situation.

Conclusion: Although no companies are in bankruptcy, the data shows that one of the businesses has a negative economic development. This may be a signal that the industry in Værøy is vulnerable to significant market risks or unpredictability in customers.

Outlook for Entrepreneurs

For entrepreneurs considering starting a restaurant in Værøy, it is important to be aware of the following:

• Sales variations: The extreme increase in 2024 and decline in 2025 show that market conditions can be unstable. Entrepreneurs should plan for both booms and declines.
• Low competition situation: With only two companies in the industry, there may be opportunities to fill market gaps, but there is also a risk that a single company could dominate.
• Economic stability: The existing companies have an uncertain economic situation, which can be a challenge for new entrepreneurs.

The broader restaurant / café category in Værøy has the following characteristics:

• Sales: In 2023, the category had a sales overview of 1.0 million NOK, but fell to 191,500 NOK in 2024 and 38,000 NOK in 2025. This shows a significant decline in recent years.
• Employees: The average number of employees has been lower than in the restaurant sector, with 2 employees in 2024 and 1 in 2025.

Peer companies: One of the companies in the broader category is Cafè Super'n As (café), which has a sales overview of 1.0 million NOK and an EBITDA of 37,000 NOK. This shows that cafés may have a better economic development than restaurants in Værøy.

Conclusion: The broader category has a more stable historical sales overview than the restaurant sector, but has also experienced a significant decline in recent years. This may be an important consideration for entrepreneurs considering starting a café instead of a restaurant.

The restaurant industry in Værøy is a small but dynamic sector with significant variations in sales and economic stability. With only two companies in the industry, there are opportunities to fill market gaps, but there is also a risk that a single company could dominate. The broader restaurant / café category shows a more stable historical sales overview, but has also experienced a significant decline in recent years. Entrepreneurs should be aware of these variations and plan for both booms and declines in the market. SmartGrunder can help entrepreneurs find suitable addresses in Værøy for restaurant operations, based on local conditions and market prospects.