Asian Restaurants in Asker: Current Status and Future Outlook

Asian restaurants in Asker form a small but active sector with 6 registered companies. Most operate with a low number of employees (average 6), and there are clear variations in economic health between the companies. One of the most actively operating is Lille Haveli As in Asker, while other companies such as Lille Grinda As in Tofte and Hyggen Thai Mat As in Hyggen have not yet reported revenues or employees. The industry shows both potential and challenges, with a combination of stable and weak economic indicators.

Economic trends

• Sales: The industry reached a peak in 2019 with 2.7 million NOK in sales, but has since experienced a decline of 61.5% to 454,807 NOK in 2022.
• Employees: The number of employees has varied significantly, with an increase from 3 in 2020 to 20 in 2026. However, there are large year-to-year variations, especially between 2016 and 2017 where the number fell by 55%.
• EBITDA: The only operating company in Asker (Lille Haveli As) has a negative EBITDA margin of -61%, indicating high operating costs relative to revenue.
• Gross Margin: This industry has a relatively high gross profit of 83%, but there is a negative operating profit of -63%, suggesting high operating costs.

Registered companies

• Lille Haveli As (Apotekerhagen 9, Asker): AS-form, 8 employees, operates with negative operating results.
• Lille Haveli Heggedal As (Heggedal torg 12, Heggedal): AS-form, 8 employees, but no reported revenues.
• Lille Grinda As (Østre Strandvei 19, Tofte): AS-form, 4 employees, no revenues.
• Hyggen Thai Mat As (Grimsrudveien 58, Hyggen): AS-form, 0 employees, no revenues.
• India House As (Kirkealleen 1, Slemmestad): KBO-form, 0 employees, no revenues.
• Sætre Invest As (Sætrealleen 7, Sætre): AS-form, 0 employees, no revenues.

Most companies are registered as AS, but there is also a KBO organization (India House As). There are no bankruptcy registrations in the industry, but several companies have not reported revenues or employees.

• Asker: 1 company, 8 employees, 310,000 NOK in sales, but negative operating result.
• Heggedal: 1 company, 8 employees, no revenues.
• Tofte: 1 company, 4 employees, no revenues.

It is clear that Asker is the most active area in the municipality, with a company that actually operates with revenues. Heggedal and Tofte have companies that have not yet reported revenues, which may indicate newly established or inactive operations.

• Bankruptcy: There are no registered bankruptcies in the industry in Asker.
• Operational status: 3 of the 6 companies have no reported revenues or employees, which may indicate newly established companies or companies that are not yet operating.
• EBITDA: The only operating company has a negative EBITDA margin of -61%, indicating high operating costs relative to revenue.
• Debt: Lille Haveli As has a debt of 1.1 million NOK, which may be a challenge for operational security.

• Market share: The industry has a small market share, but there are several companies in Asker, which may indicate a growing market.
• Economic challenges: Most companies have negative operating results or no revenues, which may be a challenge for new entrepreneurs.
• Competitiveness: There is some competitiveness in Asker, but there are also opportunities to fill gaps in market areas not covered by existing companies.
• Support structures: SmartGrunder can help entrepreneurs find suitable locations and evaluate business models that can yield better economic results.

• Restaurant/café sector: This sector has 147 companies in Asker, compared to 6 in the Asian restaurant sector. There is a clear difference in size and diversity.
• Sales: The broader sector had 403 million NOK in sales in 2016, while the Asian restaurant sector had 851,300 NOK in 2016. There is a significant difference in volume.
• Employees: The broader sector had 839 employees in 2016, while the Asian restaurant sector had 20 employees. There is a clear difference in labor demand.
• EBITDA: The broader sector has a more stable EBITDA, with companies such as Ikea As Cafe Slependen (5.9 million NOK) and Fuji Sushi As (3.4 million NOK) as examples of businesses with higher operating results.
• Competitiveness: The broader sector has more companies with higher revenues and better economic results, which may give entrepreneurs in the Asian restaurant sector a challenge in competition.

Asian restaurants in Asker show both potential and challenges. With 6 companies and a certain market share, the industry can be an interesting opportunity for entrepreneurs. However, there are clear economic challenges, such as negative EBITDA margins and a decline in sales. The broader restaurant/café sector in Asker has a much higher volume and more stable economy, which may give entrepreneurs in the Asian restaurant sector a challenge. SmartGrunder can help entrepreneurs find suitable locations and evaluate business models that can yield better economic results.