Industry · municipality
Asian Restaurant Industry in Lyngdal: Current Status and Future Prospects
An analysis of the industry, companies, and development trends in the Lyngdal municipality in Agder county.
Brief Overview of the Asian Restaurant Industry in Lyngdal
The Asian restaurant industry in Lyngdal is a small and static sector with only one registered company. Chalinee Frederiksen Thai Take Away, a sole proprietorship established in 2015, has been operational in the municipality since then. Although the company is not bankrupt, figures showing zero employees and zero sales over several years indicate no activity in operations or development. This underscores the need for a thorough assessment of the market's potential before starting anew.
Economic Trends and Data
Economic data shows that the Asian restaurant industry in Lyngdal has been stagnant for several years. Sales have been zero for all registered years (2016–2026), and the number of employees has been minimal, with only one employee in 2018–2022. This suggests an industry without growth or activity. There are no apparent changes in the figures that could indicate a future upturn.
Companies in the Industry
Only one company is registered in the Asian restaurant industry in Lyngdal: Chalinee Frederiksen Thai Take Away. The company has the following details:
- Incorporation Year: 2015
- Legal Form: ENK (sole proprietorship)
- Address: Vårveien 4, Lyngdal
- Number of Employees: 0 (according to the latest data)
- Sales: 0 NOK
- EBITDA: 0 NOK
- Bankruptcies: Not registered
There are no other companies in this industry in the municipality, which may indicate high entry barriers or a lack of market potential.
Geographical Distribution of Business
The only registered company in the Asian restaurant industry in Lyngdal is located at Vårveien 4. There is no data about other geographical focal points in the municipality for this industry. This could be an opportunity for new players to explore other areas in Lyngdal, but there are no indications of existing customer concentration or activity in other parts of the municipality.
Operational Dynamics and Bankruptcies
Bankruptcies and operational dynamics in the industry show no activity. The only registered company is not bankrupt but has no operational results. This may indicate that the company has not been active in operations or has relied on other income sources. In the broader restaurant/café industry in Lyngdal, there have been variations in the number of employees and sales, but the Asian restaurant has not been part of this dynamic.
Outlook for Entrepreneurs
For entrepreneurs considering starting an Asian restaurant in Lyngdal, the challenges are clear. There is no growth in the industry, and the only existing company has not been active in operations. This may indicate a market with low demand or high entry barriers. However, there may be opportunities for specialized concepts, especially if there is a need for unique cultural offerings in the municipality. SmartGrunder can help find suitable addresses and assess market potential.
Outlook for the Broader Restaurant/Café Industry
In the broader restaurant/café industry in Lyngdal, there are 17 companies, showing that this is a more stable and active sector. Sales in this industry have varied between NOK 34.3 million and NOK 64.3 million over the years, with a decline of 38.1% in 2020–2021. The number of employees has also been more stable, with a decline of 20% in 2021–2022. The Asian restaurant is a small part of this industry, and there are no indications that it has been a significant driver in the broader sector.
Other companies in restaurant / kafé (not in asian restaurant)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Lyngdølen As | restaurant | Stasjonsgata 6, 4580 Lyngdal | NOK 5.5M | 11 | NOK 769.0K |
| Sørlandsbadet As | restaurant | Agnefestveien 200, 4580 Lyngdal | NOK 21.8M | 83 | NOK 763.0K |
| Løland Produksjon Og Engros As | restaurant | Skolegata 7, 4580 Lyngdal | NOK 920.0K | 0 | NOK 570.0K |
| Cafe Verftet As | cafe | Svenevigsveien 54, 4580 Lyngdal | NOK 2.1M | 4 | NOK 264.0K |
| Byremo Bygderom | restaurant | Selandsdalsveien 1, 4529 Byremo | NOK 0 | 0 | NOK 0 |
| China Palace Restaurant Jiahao Wu | restaurant | Agnefestveien 261, 4580 Lyngdal | NOK 0 | 4 | NOK 0 |
| Extra Lyngdal Avd 520 Kafe | restaurant | Kirkeveien 3, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Istorvet As | restaurant | Co/Rune Torsøe|Svenevigsveien 54, 4580 Lyngdal | NOK 0 | 4 | NOK 0 |
| Konsmo Kultur & Aktivitetskafe As | restaurant | Konsmogarden 7, 4525 | NOK 0 | 0 | NOK 0 |
| Latina As | restaurant | Kirkeveien 1, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Matini Zorica Bulajic | restaurant | Nordliveien 3B, 4580 Lyngdal | NOK 0 | 3 | NOK 0 |
| Nye Siam Cafe As | cafe | Torggata 9, 4580 Lyngdal | NOK 0 | 13 | NOK 0 |
| Små Pris As | restaurant | Stasjonsgata 12, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Sweet Castle As | restaurant | Kirkeveien 28, 4580 Lyngdal | NOK 0 | 6 | NOK 0 |
| Vik Stavenes Handel Ans | restaurant | Svingveien 12, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Lyngdal Inn A/s | restaurant | Mandalsveien 41, 4580 Lyngdal | NOK 8.9M | 15 | NOK -14.0K |
Conclusion
The Asian restaurant industry in Lyngdal is a small and static sector with only one company. There is no growth in sales or number of employees, and there are no indications that the industry has been an important part of the broader restaurant/café sector. For entrepreneurs, the challenges are clear, but there may be opportunities for specialized concepts if there is a need for unique cultural offerings in the municipality. SmartGrunder can help find suitable addresses and assess market potential.