Industry · municipality
Street Food in Kinn
Analysis of the industry's current state and future opportunities in Kinn municipality
Brief overview of street food in Kinn
Street food in Kinn is a small but dynamic industry with a single registered company: Nybakks Thaimat As. The sector has been marked by significant variations in sales and number of employees over time, with a sharp decline in 2023. Although no bankruptcies have been registered in the sector, data indicates unstable development. For entrepreneurs, this can be both a challenge and an opportunity, especially in a municipality with a strong tourism industry like Kinn.
Economic overview
Sales and employee development
Sales:
- 2016: NOK 2.4 million
- 2017: NOK 3.4 million (+40.7%)
- 2018: NOK 3.5 million (+2.3%)
- 2019: NOK 4.6 million (+32.2%)
- 2020: NOK 1.2 million (-73.9%)
- 2021: NOK 1.3 million (+10.5%)
- 2022: NOK 1.6 million (+19.4%)
- 2023: NOK 468,400 (-70.7%)
Employees:
- 2016: 15 employees
- 2017: 23 employees (+53.3%)
- 2018: 22 employees (-4.3%)
- 2019: 22 employees (0.0%)
- 2020: 19 employees (-13.6%)
- 2021: 15 employees (-21.1%)
- 2022: 22 employees (+46.7%)
- 2023: 24 employees (+9.1%)
- 2024: 12 employees (-50.0%)
- 2025: 9 employees (-25.0%)
- 2026: 4 employees (-55.6%)
Sales experienced a sharp decline in 2020, likely influenced by the pandemic, and were not fully recovered in subsequent years. The number of employees has been more volatile, with a significant decline in 2024 and 2026.
Companies in the industry
Registered companies
- Nybakks Thaimat As (Deknepollvegen 29, Deknepollen)
- Organizational form: AS
- Founded: 2021-02-22
- Number of employees: 4
- Bankruptcies: Not registered
- Postal code: 6700
- County: Vestland
- Industry: Street food
- Economic data: No reported figures for operating income, sales, wages, or EBITDA.
Organizational form
- AS (Stock company): 1 company, 4 employees. No operating income or sales reported.
Business geography
Geographic distribution
- Deknepollen: 1 company, 4 employees. No operating income or sales reported.
The industry is concentrated in Deknepollen, which is one of the most important districts in Kinn. The single company, Nybakks Thaimat As, is located here.
Operational dynamics and bankruptcies
Operational dynamics
- Bankruptcies: No bankruptcies registered in the street food industry in Kinn.
- Unstable development: Although no bankruptcies have been registered, the industry has been marked by significant variations in sales and number of employees. The sharpest sales decline occurred in 2023 (-70.7% from 2022), and the number of employees experienced a sharp decline in 2024 (-50.0% from 2023).
- Outside bankruptcy: No bankruptcies are registered, but the industry has been unstable, which can be a challenge for new entrepreneurs.
Outlook for entrepreneurs
Development for entrepreneurs
- Unstable history: The industry has been marked by significant variations in sales and number of employees, with a sharp decline in 2023. This can be a challenge for new entrepreneurs seeking to establish themselves in an unstable market.
- Tourism industry potential: Kinn has a strong tourism industry, which can provide opportunities for street food businesses that adapt to the tourist market.
- Competitiveness: With only one company in the industry, it may be possible to establish oneself, but it is important to be competitive in a market with unstable development.
- Advice: Entrepreneurs should consider establishing themselves in a market with potential tourist flows, but be prepared for unstable development and competitiveness.
Outlook for the fast food sector
Comparison with the fast food sector
- Fast food sector in Kinn: Has 3 companies, while the street food industry has 1 company. Sales in the fast food sector have been more stable, increasing from NOK 2.4 million in 2016 to NOK 12.9 million in 2025. The number of employees has also been more stable, increasing from 15 employees in 2016 to 42 employees in 2025.
- Peer companies in the fast food sector:
- Naustdal Dampbakeri Avd Florø (bakery industry): NOK 12.9 million in sales, 23 employees, NOK 1.1 million in EBITDA.
- Fries Food As (fast food chain industry): No sales reported, 9 employees, NOK 0 in EBITDA.
- Conclusion: The fast food sector in Kinn has a more stable development compared to the street food industry. This can be an important factor for entrepreneurs considering establishing themselves in Kinn.
Other companies in hurtigmat (not in street food)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Naustdal Dampbakeri Avd Florø | bakery | Strandgata 45, 6905 Florø | NOK 12.9M | 23 | NOK 1.1M |
| Fries Food As | fast food chain | Hestenesgata 2, 6900 Florø | NOK 0 | 9 | NOK 0 |
Conclusion
Street food in Kinn is a small but dynamic industry with a single registered company. The industry has been marked by significant variations in sales and number of employees over time, with a sharp decline in 2023. Although no bankruptcies have been registered in the sector, data indicates unstable development. For entrepreneurs, this can be both a challenge and an opportunity, especially in a municipality with a strong tourism industry like Kinn. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to establish themselves in this market.