street food in Asker

Industry Overview

Street food in Asker is a dynamic but variable industry with 15 registered companies in the municipality. In recent years, the industry has experienced both strong growth and challenges, with a significant decline in sales and employees in 2021–2022. One bankruptcy has been registered in the industry, and the variation in organizational forms (AS, ENK, DA) indicates a mix of small and medium-sized businesses. The industry is spread across several districts in Asker, with the most activity in Nesbru and Båtstø.

Sales and employee development (2016–2025):

Key figures:

• Sales increased strongly from 2016 to 2018 (+211.4%), but fell drastically in 2021 (–93.9%) and 2022 (–100.0%).
• The number of employees had a fluctuating development, with a peak of 32 in 2020 and 2022, but fell to 20 in 2025.
• The industry has been marked by uncertainty, especially in 2021–2022, with a total sales decline of 93.9% compared to 2020.

In Asker, there are 15 companies in the street food industry, with the following organizational forms:

• AS (2 companies): Fantastisk Thaimat As (Nesbru) and Perfect Blend As (Båtstø). Fantastisk Thaimat has a high sales volume (NOK 3.2M) and 9 employees, while Perfect Blend has negative results (EBITDA: –677.000 NOK).
• ENK (3 companies): Nye Namnam Fehzan Ahmed (Slemmestad) and two other companies with 0 employees and 0 sales.
• DA (2 companies): Nye Furua Gatekjøkken Da and Nye Namnam Da, with 0 employees and 0 sales.

Bankruptcy: Tuktuk Thai Street Food Asker As (Knud Askers vei 26A) is registered as bankrupt, with 0 employees and 0 sales.

Examples of companies:

• Fantastisk Thaimat As: Largest company in the industry, with 9 employees and high sales volume (NOK 3.2M).
• Perfect Blend As: Has negative results and high debt (NOK 6.1M), but continues to operate with 4 employees.

Street food activity in Asker is spread across several districts, with the following distribution:

Nesbru is the most active, with a company (Fantastisk Thaimat As) that has high sales and positive EBITDA. Slemmestad has a company (Nye Namnam Fehzan Ahmed) with 0 sales and 0 employees. Båtstø has a company (Perfect Blend As) with negative results and high debt.

The industry has been marked by one bankruptcy (Tuktuk Thai Street Food Asker As) and greater variations in results:

• Fantastisk Thaimat As (Nesbru) has a high sales volume (NOK 3.2M) and positive EBITDA (NOK 301.000), but high debt (NOK 504.000).
• Perfect Blend As (Båtstø) has negative results (EBITDA: –677.000 NOK) and high debt (NOK 6.1M), but continues to operate with 4 employees.
• Nye Namnam Fehzan Ahmed (Slemmestad) has 0 sales and 0 employees, but is still registered.

Bankruptcy: Tuktuk Thai Street Food Asker As is registered as bankrupt, with 0 employees and 0 sales. This indicates that the industry has challenges in maintaining profitability, especially in 2021–2022.

Outlook for Entrepreneurs

For entrepreneurs in the street food industry in Asker, there are both opportunities and challenges:

• Opportunities:
• Nesbru has a company (Fantastisk Thaimat As) with high sales and positive EBITDA, which suggests that there may be a market for quality-oriented businesses.
• Båtstø has a company (Perfect Blend As) that continues to operate, despite negative results, which suggests that there may be opportunities to establish oneself in the area.

• Challenges:
• The industry has been marked by larger declines in sales and employees in 2021–2022, which may indicate uncertainty in the market.
• One bankruptcy has been registered, which suggests that there may be a risk of bankruptcy in the industry, especially for companies with high debt and low sales.

Recommendation: Entrepreneurs should consider establishing themselves in Nesbru or Båtstø, where there is greater activity and opportunities to compete with existing businesses. It is also important to be aware of high debt and low sales in some companies, which may indicate that it is necessary to have a solid financial plan.

Fast food (industry 54) is a broader category that includes street food, and has 31 companies in Asker, compared to 15 companies in the street food industry. This suggests that the fast food industry is more developed and stable in Asker.

Economic data for the fast food industry (2016–2025):

Key figures:

• Sales increased strongly from 2016 to 2017 (+23.5%), but fell in 2018–2019 (–8.3%) and 2020 (–3.0%).
• Employees had a fluctuating development, with a peak of 201 in 2022 and a decline to 171 in 2025.
• Peer companies:
• McDonald's Asker (Folabruveien 21): Sales NOK 67.5M, EBITDA NOK 2.9M, 70 employees.
• Godt Brød Asker As Avd Trekanten (Trekanten Senter): Sales NOK 11.4M, EBITDA NOK 726.900, 17 employees.
• Burger King Avd 5068 Slependen (Slependveien 106): Sales NOK 0, EBITDA NOK 0, 16 employees.

Conclusion: The fast food industry in Asker is more stable and developed than the street food industry, with higher sales and more companies. Entrepreneurs should consider establishing themselves in the fast food industry, especially in areas with high activity such as Folabruveien and Trekanten Senter.

Street food in Asker is an industry with greater variations in results and challenges in maintaining profitability, especially in 2021–2022. One bankruptcy has been registered, and variation in organizational forms indicates a mix of small and medium-sized businesses. The industry is spread across several districts, with the most activity in Nesbru and Båtstø.

For entrepreneurs, there are opportunities in Nesbru and Båtstø, where there is greater activity and opportunities to compete with existing businesses. It is also important to be aware of high debt and low sales in some companies, which may indicate that it is necessary to have a solid financial plan.

SmartGrunder can help entrepreneurs find suitable addresses in Asker for the street food industry, based on data and analysis of the market.