The Asian Restaurant Industry in Haugesund: Current Status and Future Outlook

Industry Overview

The Asian restaurant industry in Haugesund consists of four registered companies, with a total of 19 employees in 2026. The industry experienced a significant increase in sales in 2023, but a dramatic decline in 2025. The EBITDA margin has been low, and one of the four companies has gone bankrupt. This shows a mix of stability and challenges in the industry.

Key Figures

• Number of companies: 4
• Total number of employees: 19 (2026)
• Sales: NOK 28.4 million (2026)
• EBITDA: NOK 374,000 (2026)
• Bankruptcy: One of four companies (Yummy Thai Food) has gone bankrupt.

Economic Trends

Sales: The industry had a stable increase in sales from 2016 to 2023, reaching a peak of NOK 29.5 million in 2023. Then there was a sharp decline to NOK 1.5 million in 2025. The cause of this decline is not clear from the data, but may be related to bankruptcy or market conditions.

Employees: The number of employees increased from 19 in 2019 to 50 in 2023, but fell back to 19 in 2026. This shows uncertainty in the industry, especially after 2023.

EBITDA: The EBITDA margin has been low, with a margin of 1% in 2026. This indicates that the industry has high costs relative to revenue, which could be a challenge for future growth.

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

Organizational form: All companies are registered as AS (limited liability company). This is the most common organizational form in the industry.

All four companies in the industry are registered in Haugesund. There is no available detailed data on the distribution of activity within the municipality, but all companies are located in central areas such as Torggata, Spannavegen, and Strandgata. This suggests that the industry is concentrated in the central areas of Haugesund.

The industry has been marked by both growth and decline in recent years. Yummy Thai Food, one of the four companies, has gone bankrupt, showing a certain degree of instability. On the other hand, India Gate Indisk Restaurant & Bar has shown stable income, although the EBITDA margin has been low.

Bankruptcy statistics: One of four companies has gone bankrupt, which could be a warning for new players in the industry. However, there is no available data on the causes of bankruptcy or whether there have been other bankruptcies in the industry.

Future Outlook

The Asian restaurant industry in Haugesund has shown both potential and challenges. The sharp decline in sales in 2025 and the bankruptcy of Yummy Thai Food show that the industry can be vulnerable to market conditions. This may be related to economic pressure, bankruptcy, or changes in customer behavior.

Opportunities: It is possible that the industry can recover, especially if there is increasing interest in Asian food in the region. This could be an opportunity for new players who want to establish themselves in the industry.

Challenges: It is important to be aware of bankruptcies and market conditions that can negatively affect the industry. This makes it a challenge to establish oneself in the industry without a solid business plan.

Restaurant / café industry in Haugesund has a much larger scale than the Asian restaurant industry, with 117 companies. This shows that the Asian restaurant industry is a relatively small part of the broader industry. This could be an advantage for new players who want to establish themselves in a more stable and prosperous industry.

Key figures for the broader industry:

• Number of companies: 117
• Total number of employees: 1,288 (2026)
• Sales: NOK 256.9 million (2025)
• EBITDA: Variable, but many companies have higher EBITDA than the Asian restaurant industry.

Peer companies: The following companies in the restaurant industry have higher EBITDA than the Asian restaurant industry:

• Egon Haugesund As: NOK 5.6 million EBITDA
• Mm Haugesund As: NOK 2.2 million EBITDA
• Sirin Food As: NOK 2.1 million EBITDA

Conclusion: The broader restaurant industry in Haugesund has a more stable economic development than the Asian restaurant industry. This could be an advantage for new players who want to establish themselves in a more stable and prosperous industry.

The Asian restaurant industry in Haugesund has shown both potential and challenges. With four companies and a relatively small market share, the industry can be a challenge to establish oneself in. This applies especially after the bankruptcy of Yummy Thai Food and the sharp decline in sales in 2025.

Opportunities: It is possible that the industry can recover, especially if there is increasing interest in Asian food in the region. This could be an opportunity for new players who want to establish themselves in the industry.

Challenges: It is important to be aware of bankruptcies and market conditions that can negatively affect the industry. This makes it a challenge to establish oneself in the industry without a solid business plan.

SmartGrunder: SmartGrunder can help entrepreneurs find suitable addresses in Haugesund for the Asian restaurant industry. We can also give advice on how to establish oneself in a competitive industry.