Jewellery/Watches/Clocks/Gold/Silver Store Industry in Vestvågøy: A Comprehensive Analysis

The jewellery/watches/clocks/gold/silver store industry in Vestvågøy is a small but exciting sector with two registered companies. The industry has been marked by variations in sales and employees over time, with stabilization in recent years. There are no bankrupt registered companies in the industry, but one of the two businesses reports negative operating results. This shows that the industry has both challenges and opportunities for future development.

Sales for the industry have been unstable over time, peaking at NOK 4.0 million in 2016 before falling to NOK 2.4 million in 2017. There has been a gradual increase since 2020, with a current value of NOK 2.6 million in 2025. The number of employees has increased from 5 in 2016 to 12 in 2020, before stabilizing at 10 employees since 2021. There are no bankrupt registered companies in the industry, but one of the two businesses reports negative operating results.

Two companies are registered in the industry in Vestvågøy:

1. H Johnsen (ENK, established 1995-12-19) – Storgata 82, Leknes. Has 5 employees, but reports zero sales and operating income.
2. Lofotgull As (AS, established 2016-07-18) – Storgata 8, Leknes. Has 4 employees and reports operating income of NOK 2.6 million, but with a negative EBITDA of NOK -122,000.

The organizational forms are ENK and AS, with one company per form.

All businesses in the industry are located in Leknes. Here, 2 companies are registered with a total of 9 employees. One business reports operating income of NOK 2.6 million, but with a negative EBITDA of NOK -122,000. There are no other districts or locations in Vestvågøy with activity in this industry.

The industry has been stable in terms of bankruptcy, with no registered bankruptcies. Nevertheless, the figures show that one of the two businesses has negative operating results. This may indicate economic challenges, but there are no registered bankruptcies. The number of employees has been stable at 10 in recent years, despite minor variations.

For entrepreneurs considering establishing themselves in this industry in Vestvågøy, it is important to be aware of the negative operating results at one of the existing businesses. Nevertheless, there may be opportunities in a tourist-friendly municipality like Vestvågøy. A strong online presence and focus on unique products can be key factors for success. It is also important to carefully consider costs and operating margins.

The jewellery/watches/clocks/gold/silver store industry in Vestvågøy is a small but potentially exciting sector. With two existing companies and a stable number of employees, there may be opportunities for development. Nevertheless, it is important to be aware of the negative operating results at one of the businesses. Entrepreneurs should consider focusing on unique products and a strong online presence to ensure success in this market segment.