Industry · municipality
Knit Store in Vågan: An Analysis of Companies, Statistics, and Outlooks
A detailed overview of the industry in Vågan municipality, focusing on businesses, economic data, and development trends.
Economic Overview
The knit store industry in Vågan shows completely stagnant activity across all years from 2016 to 2026. Both sales and number of employees are recorded as 0 for the entire period. This indicates no active business operations within this industry in the municipality. The only company in the industry, Ho Milla Lone Pedersen, has no employees and no sales revenue, despite being registered since 2022. This may suggest that the company is not actively operating, or that it is a newly established company without current operations.
There are no registered bankruptcies within the industry, but data on operational results such as operating income, EBITDA, or wage costs is also missing. This makes it difficult to assess potential development opportunities or risk factors for future businesses in the industry.
Companies in the Industry
There is 1 company registered within the knit store industry in Vågan, namely:
| Name | Address | Organizational Form | Established | Number of Employees | Sales Revenue |
|---|---|---|---|---|---|
| Ho Milla Lone Pedersen | Dreyers gate 60, Henningsvær | ENK (Sole Proprietorship) | 2022-06-30 | 0 | 0 |
The company is a sole proprietorship and has no employees or sales revenue. No operational results such as operating income, EBITDA, or wage costs are registered. This may suggest that the company is not actively operating, or that it is a newly established company without current operations.
Business Geography
The only business within the knit store industry in Vågan is located in Henningsvær, at Dreyers gate 60. This is one of the most well-known neighborhoods in the municipality, known for its cultural and tourist attractions. No activity within this industry is registered in other neighborhoods in the municipality.
Vågan is a municipality focused on tourism, culture, and fishing, and Henningsvær is an important central town in the municipality. This may be an advantage for future businesses in the industry, but no current activity is registered in other areas of the municipality.
Business Dynamics
The industry shows no activity in the form of sales or employees, and there are no registered bankruptcies. This indicates no current operations within the industry in the municipality. The only company, Ho Milla Lone Pedersen, has no employees and no sales revenue, despite being registered since 2022. This may suggest that the company is not actively operating, or that it is a newly established company without current operations.
There is no data on operational results such as operating income, EBITDA, or wage costs, which makes it difficult to assess potential development opportunities or risk factors for future businesses in the industry.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering starting a business within the knit store industry in Vågan, it is important to note that there is no current activity in the industry. The only company in the industry has no employees or sales revenue, and there is no data on operational results. This may suggest that there is no active marketplace for this industry in the municipality.
Nevertheless, it may be possible to leverage the cultural and tourist advantages in Vågan, especially in Henningsvær, to start a new business. It is, however, important to assess whether there is a market for this type of business in the municipality and whether it is possible to compete with existing businesses in nearby areas.
Outlook for the Parent Industry
The overarching industry Creative, Arts, and Entertainment Activities in Vågan shows a more dynamic development compared to the knit store industry. Sales have increased from NOK 68.6 million in 2016 to NOK 84.7 million in 2024, although there has been a decline to NOK 63.5 million in 2025. The number of employees has varied between 77 and 87 during the period, with a decline of 4.9% from 2024 to 2025.
There are 21 companies in this overarching industry, and there are more businesses within clothing stores, shoe stores, and second-hand stores. This shows that there is a more diversified and active marketplace for creative and entertainment-related businesses in the municipality, even though the knit store industry is not represented here.
Other companies in kreative, kunst og underholdningsaktiviteter (not in knit store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Match Svolvær Avd 284 | clothing store | Amfi Svolvær|Lofotgata 33, 8300 | NOK 8.8M | 8 | NOK 1.9M |
| Cubus Svolvær Avd 805 | clothing store | Lofotgata 33, 8300 Svolvær | NOK 12.7M | 9 | NOK 1.2M |
| Kappahl As Avd 369 Svolvær | clothing store | Amfi Svolvær, 8300 | NOK 10.1M | 6 | NOK 1.2M |
| Hos Emilie As | clothing store | Torg gata|Sentrums bygget, 8300 Svolvær | NOK 5.5M | 6 | NOK 537.0K |
| Min (m/n) As | clothing store | Dreyers gate 52, 8312 Henningsvær | NOK 5.9M | 5 | NOK 314.0K |
| Carlings Svolvær Avd N55 | clothing store | Lofotgata 33, 8300 Svolvær | NOK 4.1M | 6 | NOK 243.2K |
| Euro Sko Svolvær As | footwear store | Lofotgata 33, 8300 Svolvær | NOK 7.9M | 5 | NOK 208.0K |
| Vero Moda / Jack & Jones Svolvær | clothing store | Lofotgata 33, 8300 Svolvær | NOK 3.1M | 4 | NOK 26.0K |
| A Day By The Sea As | clothing store | Henningsværveien 16, 8312 | NOK 0 | 0 | NOK 0 |
| Bersvendsen Second Hand | second-hand goods store | Barstrandveien 736, 8314 Gimsøysand | NOK 0 | 0 | NOK 0 |
| Hammerhead! Thornburg | clothing store | Laukvikveien 165, 8315 | NOK 0 | 0 | NOK 0 |
| Henningsvær Souvenirs As | clothing store | Gammelveien 6, 8312 Henningsvær | NOK 0 | 5 | NOK 0 |
| Second Hand And Div On Wheels Da | second-hand goods store | Dreyers gate 47, 8312 Henningsvær | NOK 0 | 0 | NOK 0 |
| Stephan Novashipment | clothing store | Avisgata 7, 8300 Svolvær | NOK 0 | 0 | NOK 0 |
| Stormberg As Avd Svolvær | clothing store | Lofotgata 33, 8300 Svolvær | NOK 0 | 0 | NOK 0 |
| Thai Shop Norge Normann | clothing store | Eidet 20, 8310 Kabelvåg | NOK 0 | 0 | NOK 0 |
| Zoon Svolvær | clothing store | Torggata 8, 8310 Kabelvåg | NOK 0 | 9 | NOK 0 |
| Sko & Garn As | footwear store | Vestfjordgata 14, 8300 Svolvær | NOK 5.3M | 5 | NOK -76.0K |
| Svolvær Trend As | clothing store | c/o Amfi|Lofotgata 33, 8300 Svolvær | NOK 7.3M | 7 | NOK -153.0K |
| Zavanna Alti Svolvær Avd 674 | clothing store | Lofotgata 33, 8300 Svolvær | NOK 4.0M | 6 | NOK -467.0K |
Conclusion
The knit store industry in Vågan shows no activity in the form of sales or employees, and the only company in the industry has no operational results. This suggests that there is no current marketplace for this industry in the municipality. Nevertheless, it may be possible to leverage the cultural and tourist advantages in Vågan, especially in Henningsvær, to start a new business.
The overarching industry Creative, Arts, and Entertainment Activities shows a more dynamic development, and there are more businesses within this industry in the municipality. This may be an advantage for entrepreneurs considering starting a business within this overarching industry, even though the knit store industry is not represented here.
SmartGrunder can help entrepreneurs find suitable addresses in Vågan for businesses within this industry, with a focus on development opportunities and the marketplace in the municipality.