Asian Restaurant Industry in Fredrikstad: Current Status and Future Outlook

The Asian restaurant industry in Fredrikstad has a complex structure with four registered companies, but a weakly stabilized economy. In 2024, the industry had a turnover of NOK 10.5 million, a decline from NOK 12.6 million in 2023. Employment has fallen from 21 in 2023 to 12 in 2026, indicating a clear decline in activity. One of the four companies, Kinabolle Fredrikstad As, is registered as bankrupt, highlighting the industry's vulnerability. At the same time, data shows a concentration of activity in Fredrikstad, with one company activity in Kråkerøy. For entrepreneurs, this may indicate both challenges and opportunities in a market segment that is both competitive and vulnerable.

Economic trends

• Turnover: In 2024, turnover was NOK 10.5 million, a decline of 16.4% compared to 2023. The highest turnover was recorded in 2021 with NOK 12.2 million.
• Employment: Employment has fallen from 21 in 2023 to 12 in 2026, a decline of 33.3% from 2023 to 2024. The highest level was recorded in 2017 with 27 employees.
• EBITDA margin: The only activity in Fredrikstad had an EBITDA margin of 1% in 2024, indicating a weakly positive operating result.
• Gross margin: The same activity had a 72% gross margin, suggesting effective cost control in business operations.

Registered companies

The following companies are registered in the Asian restaurant industry in Fredrikstad:

Organizational form

All registered companies in the industry have AS as their organizational form, indicating a standardized structure in this part of the market.

Geographic distribution

• Fredrikstad: One activity with 1 company activity, 13 employees, and a turnover of NOK 10.7 million.
• Kråkerøy: One activity with 1 company activity, 0 employees, and NOK 0 in turnover (bankrupt registered company activity).

There is a clear concentration of activity in Fredrikstad, with no activities registered in other districts of the municipality.

Operational dynamics and bankruptcy statistics

• Bankruptcy: One company activity, Kinabolle Fredrikstad As, is registered as bankrupt in 2024. This company activity had 0 employees, NOK 0 in turnover, and NOK 0 in operating result.
• Operating result: The only activity in Fredrikstad had a negative operating result of NOK -61,000 in 2024, although EBITDA was positive at NOK 129,000.
• Development: Turnover has grown from NOK 5.7 million in 2016 to NOK 12.2 million in 2021, but has since declined back to NOK 10.5 million in 2024.

For entrepreneurs in the Asian restaurant industry in Fredrikstad, it is important to be aware of the following:

• Competitiveness: The industry has low competitiveness with only four companies, but a high bankruptcy rate (25% of company activities).
• Market development: Turnover has grown up to 2021, but has since declined, indicating weak market stability.
• Operating result: Most company activities have a negative operating result, which can be a challenge for new companies.
• Location: There is a concentration of activity in Fredrikstad, which can be both an advantage and a challenge in terms of competitiveness.

• Broader industry: In the restaurant/café industry in Fredrikstad, there are 203 companies, indicating a much larger market level compared to the individual Asian restaurant industry.
• Turnover: The broader industry had a turnover of NOK 474.7 million in 2024, while the Asian restaurant industry had NOK 10.5 million – a 45-fold difference.
• Employment: The broader industry had 1,459 employees in 2024, while the Asian restaurant industry had 12 employees – a 121-fold difference.
• Peer companies: Examples of companies in the broader industry include Bergmanns As (NOK 44.8 million in turnover, NOK 5.1 million EBITDA) and Danos As (NOK 7.7 million in turnover, NOK 4.4 million EBITDA).

The Asian restaurant industry in Fredrikstad shows a mix of weak economic development, concentration of activity in Fredrikstad, and high bankruptcy rate. For entrepreneurs, it is important to consider both competitiveness and operating result in a market segment that is both vulnerable and potentially profitable. SmartGrunder can help entrepreneurs explore locations in Fredrikstad for this industry, with a focus on natural development opportunities and operational economic improvements.