Industry · municipality
Fast Food Chain in Harstad
A detailed analysis of the industry, companies, economic trends, and outlooks for entrepreneurs and local decision-makers in Harstad, Troms and Finnmark, Norway.
Executive Summary
The fast food chain industry in Harstad shows a mix of stability and growth in recent years. With one company operating in the municipality, Flamefood As, which employs 23 people and has an annual revenue of 22.4 million NOK, the industry is relatively small but economically robust. This article provides a detailed overview of companies, economic trends, geographic distribution, and future outlooks.
Economic Overview
Economic Trends
Annual Revenue and Employees:
- Annual Revenue: The industry had an annual revenue of 22.4 million NOK in 2023, with a 9% growth compared to 2022. This is a significant increase following a decline between 2018–2020.
- Number of Employees: The number of employees has varied between 23 and 37 over the past years, stabilizing at 23 employees in 2026.
Key Economic Indicators:
- EBITDA Margin: 6%, indicating good cost control.
- Gross Margin: 67%, suggesting efficient production and sales.
- Operating Margin: 4%, showing that operating costs are well controlled relative to revenue.
Growth Forecasts: With an annual sales growth of 8.5% since 2021, it appears the industry has potential for further growth, especially after a strong increase in 2024 and 2025.
Companies in the Industry
Flamefood As is the only company in the fast food chain industry registered in Harstad. It is an AS company established in 2016 and has the following key figures:
- Location: Skilleveien 4, Harstad
- Number of Employees: 23
- Annual Revenue: 22.4 million NOK
- EBITDA: 1.6 million NOK
- Total Equity: 1.8 million NOK
- Total Debt: 4.6 million NOK
Organizational Structure: The company is an AS, indicating a relatively large organizational structure and potentially high capacity to manage operating costs.
Financial Status: The company is not bankrupt and has a stable financial position with a high gross margin of 67% and an EBITDA margin of 6%.
Business Geography
Distribution of Business in the Municipality
All businesses in the fast food chain industry in Harstad are located in the Harstad area. There is one business registered in the municipality, and it is located in Harstad. This indicates that the industry is centrally located in the municipality's main town, which can be an advantage for customer access and logistics.
Business Dynamics
Business Dynamics and Bankruptcy Statistics
Bankruptcy Statistics: No bankruptcies have been reported for fast food chain companies in Harstad in recent years. This indicates that the industry is relatively stable and has good financial health.
Business Dynamics: The number of employees has varied over time but has stabilized at 23 employees in 2026. This shows that the business has a relatively stable operation, even though there have been minor variations over time. Sales have grown significantly since 2017, increasing from 12.2 million NOK to 21.8 million NOK in 2025.
Outlook
Outlook for Entrepreneurs
The fast food chain industry in Harstad shows clear signs of growth and stability. With an annual revenue of 22.4 million NOK and 23 employees, the business is in a good financial position. This can be a good starting point for new entrepreneurs looking to establish themselves in the municipality.
Growth Potential: Sales have grown by 8.5% annually since 2021, and this is a positive trend that could continue. With a high gross margin of 67% and a good EBITDA margin of 6%, it is possible to maintain a stable operation.
Competitiveness: There is one business in the industry, which could provide opportunities for new players looking to establish themselves in the municipality. This could be an advantage for entrepreneurs seeking to develop in a competitive market.
Outlook for the Quick Meal Industry
Quick meal industry in Harstad includes several businesses more than the fast food chain industry, with 6 companies in total. This shows that the quick meal industry is more diversified and has greater growth potential.
Economic trends in the quick meal industry:
- Annual Revenue: 21.8 million NOK in 2025, with an annual growth of 8.5% since 2021.
- Number of Employees: 23 employees in 2026, with an annual growth of 10.9% since 2021.
Peer companies in the quick meal industry:
| Name | Address | Sales | Number of Employees | EBITDA |
|---|---|---|---|---|
| Big Bite 106 Harstad | Verkstedveien 7, 9406 Harstad | NOK 0 | 0 | NOK 0 |
| Kremtoppen | Rikard Kaarbøs plass 1, 9405 Harstad | NOK 0 | 0 | NOK 0 |
| Kristoffer Johansen | Big Bite Avd 106 Harstad | NOK 0 | 0 | NOK 0 |
| Paridas Thai Mat Yotsuree | Tore Hunds gate 4, 9404 Harstad | NOK 0 | 0 | NOK 0 |
| Vangocafe Cristea | Krystallveien 18, 9408 Harstad | NOK 0 | 0 | NOK 0 |
Conclusion: The quick meal industry in Harstad has a larger business base and higher growth in the number of employees compared to the fast food chain industry. This can provide entrepreneurs with opportunities to develop in a more diversified market.
Other companies in hurtigmat (not in fast food chain)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Big Bite 106 Harstad | street food | Verkstedveien 7, 9406 Harstad | NOK 0 | 0 | NOK 0 |
| Kremtoppen | bakery | Rikard Kaarbøs plass 1, 9405 Harstad | NOK 0 | 0 | NOK 0 |
| Kristoffer Johansen | street food | Big Bite Avd 106 Harstad|Verkstedveien 7, 9406 | NOK 0 | 0 | NOK 0 |
| Paridas Thai Mat Yotsuree | street food | Tore Hunds gate 4, 9404 Harstad | NOK 0 | 0 | NOK 0 |
| Vangocafe Cristea | street food | Krystallveien 18, 9408 Harstad | NOK 0 | 0 | NOK 0 |
Conclusion
The fast food chain industry in Harstad shows clear signs of growth and stability. With one business in the municipality, Flamefood As, which operates with 23 employees and an annual revenue of 22.4 million NOK, the industry is relatively small but economically robust. This makes the industry a good opportunity for entrepreneurs looking to establish themselves in the municipality.
SmartGrunder can help entrepreneurs find suitable addresses in Harstad for the fast food chain industry, based on natural distributions and economic trends. This can give entrepreneurs an advantage in a competitive market.