The Burger Restaurant Industry in Time: Current Status and Future Outlook

Overview of the Burger Restaurant Industry in Time

The burger restaurant industry in Time is a small but dynamic sector dominated by a single company, Wong As. The company has shown stable growth in sales and employees over the past few years, with a significant increase in 2021 following a decline in 2020. The industry is part of the broader restaurant / café category, which includes more companies, but burger restaurants have a unique position with higher margins and more stable revenues compared to some of their competitors.

Key Points:

• Single company, Wong As, with 27 employees and annual revenues of 11.9 million NOK.
• Sales grew by 7% in 2024 compared to 2023, although this is a decline from the peak level in 2021.
• The industry is part of a larger sector with 35 companies, but burger restaurants have a better economic profile than many of their peer companies.

Sales and Employee Development (2016–2024):

Trend Analysis:

• Sales increased significantly by 60.8% from 2020 to 2021, but have since stabilized with a 7.7% increase in 2024.
• The number of employees increased significantly by 57.9% from 2020 to 2021, but later decreased by 13.0% from 2025 to 2026.
• The industry has shown more stable development compared to the broader restaurant / café category, which experienced a sales decline of 47.3% from 2024 to 2025.

Registered Companies in Time (Burger Restaurant):

Legal Form Statistics:

• 100% of the companies in the industry are organized as AS (Joint Stock Company).
• Wong As has a high EBITDA margin of 19%, placing it above the average for many of its peer companies in the broader restaurant / café category.

Activity in Time (Burger Restaurant):

Analysis:

• All businesses in the industry are located in Bryne, a central district in Time.
• Bryne has a high concentration of restaurant activity, which can be an advantage for new companies seeking to establish themselves near existing customers and suppliers.

Bankruptcy and Economic Stability:

• No companies in the burger restaurant industry in Time have gone bankrupt (status: 2026).
• Wong As has high economic stability with a debt level of 3.3 million NOK and an equity level of 13.5 million NOK.

Peer Companies in the Broader Category:

• Some companies in the broader restaurant / café category have negative EBITDA values, which may indicate economic challenges in the sector.
• This underscores the importance of effective cost management and high customer satisfaction to avoid liquidity problems.

Future Outlook for the Burger Restaurant Industry in Time

For Entrepreneurs and Investors:

• The burger restaurant industry in Time has proven to be relatively stable compared to the broader restaurant / café category, which experienced a sales decline of 47.3% from 2024 to 2025.
• Wong As has a high EBITDA margin of 19%, which can be a good starting point for new companies seeking to establish themselves in the area.
• There may be opportunities to expand offerings in Bryne, especially if there is a need for more variety in food culture.

Recommendation:

• Entrepreneurs should consider establishing themselves in Bryne, where there is already a concentration of restaurant activity.
• It is important to focus on effective cost management and customer satisfaction to ensure economic stability.

Outlook for the Broader Category (Restaurant / Café)

Comparison with the Burger Restaurant Industry:

• The broader restaurant / café category in Time has 35 companies, while the burger restaurant industry has only 1 company.
• Sales in the broader category have fallen by 47.3% from 2024 to 2025, while the burger restaurant industry has shown more stable development.

Peer Companies in the Category:

• Some of the most interesting peer companies in the restaurant / café category include:
• Sabi Sushi Bryne (sushi restaurant) with sales of 10.6M NOK and 10 employees.
• Yummy Time Bryne As (restaurant) with sales of 11.0M NOK and 13 employees.
• Jordbærpikene Bryne As (café) with sales of 7.8M NOK and 18 employees.

Conclusion:

• The burger restaurant industry has a better economic profile compared to many of its peer companies in the broader category, but it is important to be aware of the general challenges in the sector.

The burger restaurant industry in Time has proven to be a stable and profitable sector with a single company, Wong As, which has a high EBITDA margin and good economic stability. Although the broader restaurant / café category has faced challenges, the burger restaurant industry has shown itself to be more resilient. For entrepreneurs and investors, this can be a good starting point to establish themselves in Bryne, where there is already a concentration of restaurant activity. SmartGrunder can help find suitable addresses and develop strategies to ensure success in this sector.