After the Royal Monopoly trade over the Faroe Islands ended in 1856, everyone was able to start trading on their own. This led to an upsurge in colonial shops opening all over the place. In Sørvágur many colonials were started and one of the leading concerns on the Faroe Islands - Niclasen - was started in Sørvágur. During the transformation of the Faroese society from a feudal to a semi-industrial these concerns played a major role in ensuring labour to the common man. The main colonial in Sørvágur - Norði Stovu handilin - was originally started by the Niclasen concern. The other colonial - Løðuhandilin - was started by the rival concern in Sørvágur - Rasmussen. These two colonials are the only two remaining in Sørvágur today (2005).