Fast Food Chains in Askøy: Current Situation and Future Outlook

Fast food chains in Askøy form a small but dynamic industry with a single business located in the center of the municipality. Burger King Avd 5060 Kleppestø is the only registered business in the sector, and has shown significant growth in employees and revenue over time. Although the sector experienced a revenue decline in 2024, data indicates potential for future growth, particularly in relation to the broader quick service food sector in the municipality. This is an important consideration for entrepreneurs evaluating establishing themselves in the sector.

Revenue and employees in fast food chains in Askøy:

• Revenue: The sector had revenue of NOK 0 in 2016, but grew rapidly to NOK 4.7 million in 2023. A decline was recorded to NOK 4.5 million in 2024.
• Employees: The number of employees increased dramatically from 1 person in 2016 to 30 people in 2024, with a significant decline to 16 people in 2026.

Yearly development:

Most important: The most dramatic revenue growth occurred between 2017 and 2018 (+1588.1%), while the number of employees had its highest growth between 2016 and 2017 (+1600.0%).

There is 1 company registered in the fast food chain sector in Askøy:

1. Burger King Avd 5060 Kleppestø (address: Gamle Kleppestøvegen 2, Kleppestø)

• Organizational form: ENK (sole proprietorship)
• Established: 2017-10-01
• Number of employees: 18
• Bankruptcies: No bankruptcies
• Postal code: 5300
• Asset valuation: Not available
• EBITDA margin: Not available

Organizational form statistics:

• ENK: 1 company, 18 employees, no bankruptcies.

Most important: Burger King is the only business in the sector, and has been in operation since 2017 without bankruptcies.

All businesses in the fast food chain sector in Askøy are located in Kleppestø:

Most important: There is no activity in other parts of the municipality. All businesses in the sector are concentrated in Kleppestø.

Bankruptcies and operational economics:

• There are no bankruptcies registered in the fast food chain sector in Askøy.
• Burger King Avd 5060 Kleppestø has been in operation since 2017 without bankruptcies.

Operational development:

• Revenue: Grew from NOK 0 in 2016 to NOK 4.7 million in 2023, but had a decline to NOK 4.5 million in 2024.
• Employees: Grew from 1 to 30 people from 2016 to 2024, but had a significant decline to 16 people in 2026.

Most important: Although the sector has experienced a decline in revenue and number of employees in recent years, there are no bankruptcies, indicating that the business has managed to adapt to market conditions.

For entrepreneurs considering establishing themselves in the fast food chain sector in Askøy, data indicates the following:

• Potential growth: The sector experienced significant growth in revenue and number of employees from 2017 to 2023, despite a decline in recent years.
• Location choice: All businesses in the sector are concentrated in Kleppestø, which can be an advantage for entrepreneurs seeking to establish themselves in an already established business area.
• Bankruptcies: There are no bankruptcies in the sector, indicating stable operations.

Most important: Although the sector has experienced a decline in revenue and number of employees in recent years, there is potential for growth in the future, particularly in relation to the broader quick service food sector in the municipality.

Comparison with the quick service food sector:

• Number of companies: The quick service food sector has 10 companies, while the fast food chain sector has 1 company.
• Revenue: The quick service food sector had revenue of NOK 12.7 million in 2021, while the fast food chain sector had NOK 4.7 million in 2023.
• Employees: The quick service food sector had 57 employees in 2023, while the fast food chain sector had 28 employees in 2023.

Peer companies in the quick service food sector:

Most important: The quick service food sector has a more diversified structure with more companies and higher revenue, which can provide entrepreneurs in the fast food chain sector with a broader perspective on market conditions in the municipality.

The fast food chain sector in Askøy is a small but dynamic sector with a single business in Kleppestø. Burger King Avd 5060 Kleppestø has shown significant growth in revenue and number of employees over time, despite a decline in recent years. The broader quick service food sector in the municipality has a more diversified structure with more companies and higher revenue, which can provide entrepreneurs with a broader perspective on market conditions. This is an important advantage for entrepreneurs considering establishing themselves in the sector. SmartGrunder can help entrepreneurs find suitable addresses in the municipality for this sector.