Sushi Restaurant in Narvik: Current Situation and Outlook

The sushi restaurant industry in Narvik has experienced a significant decline in both sales and number of employees over the past few years. From 2016 to 2022, sales fell from 6.0 million NOK to just 4,500 NOK, and the number of employees dropped from 25 to 5. The most severe decline occurred between 2020 and 2021, where sales fell by 84.4% and the number of employees by 54.5%. This indicates that the industry has been highly vulnerable to impacts from the pandemic and other external factors.

Sales and Employees in the Sushi Restaurant Industry

Sales:

Employees:

This data shows a significant decline in both sales and number of employees, especially from 2020 to 2021. This may be due to the pandemic and the restrictions introduced, as well as a general decline in consumption in the sector.

There is no available data on specific companies in the sushi restaurant industry in Narvik. Therefore, a detailed analysis of individual companies cannot be conducted. There is also no available data on the organizational forms of companies in this industry.

There is no available data on the distribution of the sushi restaurant industry across different neighborhoods or locations in Narvik. Therefore, a detailed analysis of geographic distribution cannot be conducted.

There is no available data on insolvency statistics or insolvent companies in the sushi restaurant industry in Narvik. Therefore, a detailed analysis of the dynamics in the industry cannot be conducted. However, it is important to be aware of potential risk factors that could affect the industry, such as economic downturns or changes in consumer behavior.

Outlooks for the sushi restaurant industry in Narvik are likely to be challenging, given the significant decline in sales and number of employees over the past few years. This indicates that the industry has been highly vulnerable to impacts from the pandemic and other external factors. For entrepreneurs considering starting a new sushi restaurant in Narvik, it may be important to consider how to create unique offerings or adapt to consumer behaviors that may be more stable. It may also be necessary to focus on cost control and efficient operations to survive in a competitive market.

Comparison with the Broader Restaurant/Café Sector

The broader restaurant/café sector in Narvik has a more stable development compared to the sushi restaurant industry. From 2016 to 2025, sales in this sector have ranged between 74.6 million NOK and 111.5 million NOK, with an average annual change of around -3.5%. The number of employees has also been more stable, with an average annual change of around -4.5%.

Peer Companies in the Restaurant/Café Sector

These companies represent a wide range of businesses within the restaurant and café industry in Narvik. They have higher sales and number of employees compared to the sushi restaurant industry, and many of them have a positive EBITDA. This suggests that the broader sector has better financial stability compared to the sushi restaurant industry.

The sushi restaurant industry in Narvik has been marked by a significant decline in both sales and number of employees over the past few years. This indicates that the industry has been highly vulnerable to impacts from the pandemic and other external factors. For entrepreneurs considering starting a new sushi restaurant in Narvik, it may be important to consider how to create unique offerings or adapt to consumer behaviors that may be more stable. It may also be necessary to focus on cost control and efficient operations to survive in a competitive market. SmartGrunder can help entrepreneurs find suitable addresses in Narvik for this industry, based on natural prerequisites and development trends.