Asian Restaurant Industry in Stord: Current Status and Future Prospects

Overview of the Asian Restaurant Industry in Stord

The Asian restaurant industry in Stord is a small, particularly dynamic sector with only one registered company: Kung Kung Thai Takeaway As. This company was founded in 2024 and has 4 employees. Although the industry has been marked by a sharp decline in both sales and number of employees after 2017, data from 2026 shows a weak recovery in the number of employees. At the same time, the broader category restaurant / café in Stord shows a more stable development with 26 registered companies and a gradual increase in sales from 2020 to 2025. This suggests that the Asian restaurant industry in Stord has growth potential, but must compete in a competitive sector with both stable and weak players.

The Asian restaurant industry in Stord has been marked by a sharp decline in sales and number of employees after 2017. In 2016, the industry had a sales volume of NOK 3.7 million, but this dropped to NOK 0 in 2017 and remained at this level until 2026. The number of employees in the industry fell from 25 in 2016 to 5 in 2017, before reaching 0 employees from 2018 to 2025. In 2026, 4 employees were registered again, indicating a weak recovery. This shows that the industry has been marked by a sharp decline, but there are signs of possible stabilization in the most recent year.

In Stord, there is one company registered in the Asian restaurant industry: Kung Kung Thai Takeaway As, which is an AS and was founded in 2024. This company has 4 employees and is registered at Longamyrvegen 17, Stord. There are no reported bankruptcies for this company. The organizational form of the industry in Stord is AS, and there is one company in this category. This shows that the industry is very small and particularly centered around one company.

The Asian restaurant industry in Stord is concentrated in one district: Stord. There is one company registered in this district, and there is no data about other districts in the municipality that have activity in this industry. This suggests that the industry is very local and has not spread to other areas in the municipality.

The Asian restaurant industry in Stord has been marked by a sharp decline in activity after 2017. Sales and number of employees dropped to zero in 2017 and remained at this level until 2025. In 2026, 4 employees were registered again, indicating a weak recovery. There are no reported bankruptcies in the industry, but there are signs that the industry has been marked by a strong decline in activity. This may be due to various factors such as competitiveness, customer offering conditions, or economic challenges in the sector.

Outlook for Entrepreneurs

For entrepreneurs considering starting an Asian restaurant in Stord, the data shows that the industry has been marked by a sharp decline in activity after 2017. However, there are signs of a weak recovery in the number of employees in 2026, which may indicate possible stabilization. This could be an opportunity for entrepreneurs wishing to establish themselves in a sector with growth potential, but it is important to be aware of the challenges that have been present in the industry. Entrepreneurs should consider differentiating themselves from existing players and focusing on offering unique products or services that can attract customers in Stord.

The broader category restaurant / café in Stord has 26 registered companies, showing that this sector is more stable and developed than the specific Asian restaurant industry. Sales in this category have grown from NOK 99.2 million in 2016 to NOK 99.5 million in 2025, indicating a gradual stabilization. The number of employees has varied, but there are signs that the sector has been more resilient than the Asian restaurant industry. This could be an important factor for entrepreneurs wishing to establish themselves in Stord, as the broader category has a more stable development and more players who can provide inspiration and opportunities for collaboration.

The Asian restaurant industry in Stord is a small, but potentially important sector with only one registered company. Although the industry has been marked by a sharp decline in activity after 2017, data from 2026 shows a weak recovery in the number of employees. This could be an opportunity for entrepreneurs wishing to establish themselves in a sector with growth potential. The broader category restaurant / café in Stord has a more stable development and more players, which can give entrepreneurs opportunities to learn from existing companies and develop in a competitive sector. SmartGrunder can help entrepreneurs find suitable addresses and locations in Stord to start an Asian restaurant, and provide advice on how to compete in a sector with both stable and weak players.