Street Food in Øvre Eiker: Current Status and Outlook

Øvre Eiker: A brief overview of the street food industry

Øvre Eiker has a weakly active street food industry with four registered companies in the municipality. The industry has been marked by significant declines in sales and number of employees over time, but has experienced stabilization since 2022. The only active company, Asia Mat Egersund As, operates in Vestfossen and reports sales of 1.1 million NOK and one employee. The other companies have either zero sales or are recently started. The industry is part of the broader fast food category, which has more companies and a different economic dynamic.

Economic overview: Sales and employees

Sales in the street food industry in Øvre Eiker have fallen sharply since 2016, from 12.3 million NOK to 1.1 million NOK in 2025. The most dramatic decline occurred between 2016 and 2017 (-66.2%), but there has been a weak increase since 2020. Number of employees has also been unstable, with a decline from 36 in 2016 to 1 in 2025, although there was a slight increase in 2021 and 2022. The only active company has an EBITDA margin of 19%, which shows a relatively good financial health compared to other companies in the industry.

The following companies are registered in the street food industry in Øvre Eiker:

Legal Forms: There is one AS and three ENK companies. The only AS (Asia Mat Egersund As) is the only one with activity, while the other companies have either zero employees or no sales.

Vestfossen is the only district in Øvre Eiker with activity in the street food industry. Here, Asia Mat Egersund As operates, with sales of 1.1 million NOK and one employee. The other companies are located in Hokksund, but have no activity. This shows a clear concentration of activity in Vestfossen, which can be an advantage for new actors seeking to establish themselves in the municipality.

There are no registered bankruptcies in the street food industry in Øvre Eiker. Nevertheless, several companies have experienced zero sales, which may indicate unstable conditions or lack of market share. Asia Mat Egersund As is the only company with continuous activity, while the other companies have either zero employees or no sales. This shows low operational dynamics in the industry, with few companies maintaining activity over time.

Outlook for Entrepreneurs

For entrepreneurs in the street food industry in Øvre Eiker, there are both challenges and opportunities. The industry has been marked by significant declines in sales and number of employees, but there has been stabilization since 2022. Vestfossen is a potential market advantage for new actors, as it is the only district with activity. However, it is important to be aware of the unstable financial situation, as shown by the other companies' zero sales. Entrepreneurs should consider establishing themselves in Vestfossen and focus on achieving stable income, as Asia Mat Egersund As has demonstrated.

Outlook for the Fast Food Industry in Øvre Eiker

The broader fast food industry in Øvre Eiker has more companies (8) than the street food industry (4) and shows a different economic dynamic. Sales in the fast food industry have fallen from 21.4 million NOK in 2016 to 14.2 million NOK in 2025, but have shown a weak increase since 2022. Number of employees has also been unstable, but has increased from 58 in 2016 to 51 in 2026. Current peer companies in the fast food industry include Mirawa House As (kebab restaurant), Lampeland Bakeri Og Konditori As (bakery) and Mcdonalds Hokksund (fast food chain). While Mirawa House As and Lampeland Bakeri have higher sales and EBITDA than street food companies, Mcdonalds and Sundemoen Fast Food have no sales. This shows that the fast food industry has both stable and unstable companies, which can be an important advantage for entrepreneurs in the street food industry.

The street food industry in Øvre Eiker is small-scale and marked by unstable financial conditions. The only active company, Asia Mat Egersund As, has a relatively good financial health, while the other companies have either zero sales or no activity. The industry is part of the broader fast food category, which has more companies and a different economic dynamic. Entrepreneurs should consider establishing themselves in Vestfossen, where there is an existing market advantage, and focus on achieving stable income. SmartGrunder can help entrepreneurs find suitable addresses in Øvre Eiker for this industry.