Industry · municipality
Fast Food Chain Industry in Time
An analysis of the industry, companies, and development in the municipality
Executive Summary
The fast food chain industry in Time municipality has experienced a significant decline in both sales and number of employees over the past few years. The only notable sales increase occurred in 2018, followed by a complete drop to zero in 2019 and onwards. This indicates a highly unstable industry with minimal activity in recent times. Meanwhile, data on the broader quick service industry in the municipality shows a more stable development, with increasing sales and employment over time.
Economic Overview
Sales and employees in the fast food chain industry in Time:
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 0 | 6 |
| 2017 | 0 | 4 |
| 2018 | 1.2M | 2 |
| 2019 | 0 | 4 |
| 2020–2026 | 0 | 0 |
The only notable sales increase occurred in 2018, followed by a complete drop to zero in 2019 and onwards. The number of employees has been declining since 2016, with a complete drop to zero from 2020 onwards. This indicates a highly unstable industry with minimal activity in recent times.
Contrast with the quick service industry:
The broader quick service industry in Time has shown a more stable development, with increasing sales from 2016 to 2023 and an increase in the number of employees over time. This may suggest that other segments within quick service (such as bakeries, kebab shops, and food trucks) have been more resilient in the municipality.
Companies in the Industry
There are no registered companies within the fast food chain industry in Time municipality in recent times. Data shows that there have been no active companies in this industry from 2020 onwards. This may indicate that the industry has been highly uncertain or that there has been no interest in operating such companies in the municipality.
Business structures:
No business structures are registered for companies within the fast food chain industry in Time, as there have been no active companies in this industry in recent years.
Industry Geography
There is no available data on the distribution of fast food chain activity across different locations in Time municipality. This may be due to the absence of active companies in this industry in the municipality over the past few years. Therefore, it is not possible to provide a detailed overview of where the activity has been focused in the municipality.
Industry Dynamics
The fast food chain industry in Time has been characterized by highly unstable development, with a complete decline in both sales and number of employees from 2020 onwards. There are no registered bankruptcies or insolvency proceedings in this industry in the municipality, but data shows that there have been no active companies in this industry in recent years. This may indicate that the industry has been highly uncertain or that there has been no interest in operating such companies in the municipality.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering starting a business within the fast food chain industry in Time municipality, data indicates a highly unstable and uncertain industry. There are no active companies in this industry in the municipality today, and there are no indications of interest in operating such companies in the municipality over the past few years. This may suggest that it is not an attractive market for new companies in this industry in the municipality.
Meanwhile, data on the broader quick service industry in the municipality shows a more stable development, with increasing sales and employment over time. This may suggest that other segments within quick service (such as bakeries, kebab shops, and food trucks) have been more resilient in the municipality. Entrepreneurs considering starting a business in Time may therefore consider focusing on other segments within the quick service industry for better development opportunities.
Outlook for the Quick Service Industry
The broader quick service industry in Time municipality has shown a more stable development compared to the fast food chain industry. Sales have increased from 2016 to 2023, rising from 6.0M NOK to 20.9M NOK, and the number of employees has increased from 26 to 41 over the same period. This demonstrates that the quick service industry has been more resilient and has been able to grow over time.
Peer companies in the quick service industry:
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) | ||
|---|---|---|---|---|---|---|
| Jærbakeren Arne Johannesen As Avd Bryne | Arne Garborgs veg 15, 4344 Bryne | 20.8M | 9 | 3.3M | ||
| Wen Hua House As | Jernbanegata 3, 4340 Bryne | 9.4M | 11 | 856K | ||
| Funky Kioskdrift As Avd M44 Bryne | Jupitervegen 2, 4340 Bryne | 3.3M | 10 | 669K | ||
| Kanelsnurren As Avd Bryne | M44 | Jupitervegen 2, 4340 Bryne | 6.6M | 9 | 603K | |
| Amonrat Ratchaphakdee | c/o Big Bite avd 309 | M44 | Jupitervegen 2, 4340 Bryne | 0 | 0 | 0 |
| Ren Chef Chinese Take Away | Vardheivegen 1, 4340 Bryne | 0 | 0 | 0 | ||
| Ren Chef Chinese Take Away | Vardheivegen 1, 4340 Bryne | 0 | 0 | 0 |
This shows that the quick service industry in Time has a broad product range, with companies in bakeries, kebab shops, and food trucks. This may suggest that there are opportunities for new companies in these segments in the municipality.
Other companies in hurtigmat (not in fast food chain)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Jærbakeren Arne Johannesen As Avd Bryne | bakery | Arne Garborgs veg 15, 4344 Bryne | NOK 20.8M | 9 | NOK 3.3M |
| Wen Hua House As | kebab house | Jernbanegata 3, 4340 Bryne | NOK 9.4M | 11 | NOK 856.0K |
| Funky Kioskdrift As Avd M44 Bryne | frozen yogurt cafe | Jupitervegen 2, 4340 Bryne | NOK 3.3M | 10 | NOK 668.9K |
| Kanelsnurren As Avd Bryne | bakery | M44|Jupitervegen 2, 4340 Bryne | NOK 6.6M | 9 | NOK 603.2K |
| Amonrat Ratchaphakdee | street food | c/o Big Bite avd 309|M44|Jupitervegen 2, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Ren Chef Chinese Take Away | street food | Vardheivegen 1, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Ren Chef Chinese Take Away | street food | Vardheivegen 1, 4340 Bryne | NOK 0 | 0 | NOK 0 |
Conclusion
The fast food chain industry in Time municipality has experienced a significant decline in both sales and number of employees over the past few years, with no active companies in this industry today. This indicates a highly unstable and uncertain industry in the municipality. Meanwhile, data on the broader quick service industry in Time shows a more stable development, with increasing sales and employment over time. This may suggest that other segments within quick service (such as bakeries, kebab shops, and food trucks) have been more resilient in the municipality.
For entrepreneurs considering starting a business in Time, it may be more profitable to focus on other segments within the quick service industry for better development opportunities. SmartGrunder can help entrepreneurs explore addresses in the municipality for this industry where it is natural, and provide advice on how to leverage opportunities in the broader quick service industry.