Street Food in Gran: Industry Analysis and Outlook

Street food in Gran is a small but dynamic industry with a single registered company. Tassanawan Thai Mat As, an AS with its headquarters in Bjoneroa, is the only business in the industry. The industry has shown significant variations in sales over time, with an extreme increase from 2017 to 2018, followed by a decline after 2019. Although the number of employees has been low, it has been stable from 2020 onward. This indicates a mix of potential opportunities and challenges for future players in the industry.

Economic Trends

Sales in the street food industry in Gran have shown strong variations over time. From 2016 to 2017, sales increased by +5041.9%, from NOK 0 to NOK 28,400. The most significant increase occurred in 2018, where sales rose by +38.3% to NOK 1.5M. After this, sales have shown a decline, with a reduction of -27.5% in 2020 and a weak increase of +24.0% in 2021. In 2023, sales stood at NOK 1.4M, which is lower than in 2022.

Number of employees has been very low, with 0 employees from 2016 to 2019. From 2020 onward, there has been 1 employee, showing a minimal but stable workforce in the industry.

Registered Companies

There is 1 company registered in the street food industry in Gran:

Legal Forms: The only company is an AS, indicating a relatively stable organizational structure. There are no registered bankruptcies in the industry.

Street food activity in Gran is concentrated in Bjoneroa, where Tassanawan Thai Mat As has its headquarters. There are no registered businesses in other parts of the municipality. This shows a clear geographic concentration, which may be a challenge for future players looking to establish themselves in other areas.

Bankruptcy Statistics: There are no registered bankruptcies in the street food industry in Gran, indicating a stable industry. However, the number of companies is very low, which may indicate a small market share and potential growth opportunities.

Dynamics: The industry has shown significant variations in sales, but has been stable in the number of employees since 2020. This may be due to a combination of market fluctuations and a single business that has been operating since 2017.

Outlook for Entrepreneurs

For entrepreneurs in the street food industry in Gran, there are both opportunities and challenges. The only business in the industry, Tassanawan Thai Mat As, has shown a stable but low sales volume. This may indicate a small market share and potential growth opportunities if new players wish to establish themselves. However, it is important to be aware of the previous sales declines after 2019, which may indicate market challenges. Entrepreneurs should also consider geographic dispersion, as activity is concentrated in Bjoneroa.

Broader industry2 (fast food) has 2 companies in Gran, of which 1 is in street food and 1 in bakery (Helle Holtlien). Sales in the fast food sector had an extreme decline of -99.1% from 2016 to 2017, but recovered with an increase of +5041.9% in 2018. This shows a large variation in the sector, but street food has been a stable part of fast food in Gran. Compared to bakery, which has 0 sales and 0 employees, street food shows better economic performance with NOK 1.4M sales and NOK 122.0K EBITDA in 2023.

Street food in Gran is a small but potentially growth-friendly industry. With a single business and stable workforce, there may be opportunities for entrepreneurs looking to expand market share. However, it is important to be aware of previous sales decline trends and geographic concentration. SmartGrunder can help entrepreneurs explore addresses in Gran that are natural for the street food industry.