The Restaurant Industry in Tingvoll: Current Situation and Future Outlook

The restaurant industry in Tingvoll is a mix of established businesses and newer initiatives, with a total of 7 registered companies in the municipality. The most significant business is Fjordkroa As in Øydegard, which generates over 13 million NOK in revenue and has 25 employees. In contrast, several companies, such as Drøpping Kafe As and Gammelposten As, have reported negative results or zero revenue. The industry shows a mix of strong growth (14% annual increase for Fjordkroa) and challenges, as illustrated by the negative EBITDA values of some companies. Øydegard is the dominant geographical center for restaurant operations, with 1 company and 25 employees, while Tingvoll has only one business with 4 employees, but no revenue.

Revenue and Employees:

Annual Growth:

• Revenue had strong growth of 13.4% from 2023 to 2024, but fell drastically by 99.0% in 2025 due to Drøpping Kafe As and Gammelposten As's negative or zero revenue.
• The number of employees had stable growth from 2022 to 2024, but fell by 6.9% in 2025 before a mild increase in 2026.

Fjordkroa As is the only business with positive revenue and employees in 2025, with an EBITDA margin of 3% and revenue per employee of 618,500 NOK. This underscores the company's financial stability compared to other businesses in the industry.

Tingvoll has 7 registered companies in the restaurant industry, with a mix of AS, ENK, and ANS forms. The key companies are:

1. Fjordkroa As (Øydegard):

• Organizational form: AS
• Employees: 25
• Revenue: 13.2M NOK
• EBITDA: 458,000 NOK
• EBITDA margin: 3%

1. Drøpping Kafe As (Tingvoll):

• Organizational form: AS
• Employees: 4
• Revenue: 0 NOK
• EBITDA: 0 NOK

1. Gammelposten As (Kvisvik):

• Organizational form: AS
• Employees: 0
• Revenue: 126,000 NOK
• EBITDA: -57,000 NOK

1. Kanestraum Grill As (Kvisvik):

• Organizational form: AS
• Employees: 0
• Revenue: 0 NOK
• EBITDA: -15,000 NOK

1. Koedmongkhon. Thaimat. (Øydegard):

• Organizational form: ENK
• Employees: 0
• Revenue: 0 NOK
• EBITDA: 0 NOK

1. Tingvollfjord As (Tingvoll):

• Organizational form: AS
• Employees: 0
• Revenue: 18,000 NOK
• EBITDA: -9,000 NOK

1. Zorba Bar/kafe Og Overnatting Ans (Tingvoll):

• Organizational form: ANS
• Employees: 0
• Revenue: 0 NOK
• EBITDA: 0 NOK

Organizational Form Statistics:

• AS companies (2 companies): 29 employees, 13.2M NOK in revenue, 3% EBITDA margin.
• ENK and ANS companies have no employees and low or negative revenue.

Restaurant operations in Tingvoll are concentrated in Øydegard and Kvisvik, with Tingvoll as a less active region. This follows a clear geographical distribution:

Øydegard is the dominant geographical center for the industry, with Fjordkroa As as one of the most significant businesses. Kvisvik has two companies, but both have negative or zero revenue. Tingvoll has two companies, but one of them (Drøpping Kafe As) has no revenue and no employees.

Bankruptcies and Financial Challenges:

• There are no registered bankruptcies in the restaurant industry in Tingvoll, but several companies have negative or zero financial results. This includes:
• Gammelposten As: EBITDA of -57,000 NOK and negative operating result.
• Kanestraum Grill As: EBITDA of -15,000 NOK and no revenue.
• Tingvollfjord As: EBITDA of -9,000 NOK and negative operating result.

Stability and Growth:

• Fjordkroa As is the only business with positive revenue and employees, with stable growth of 14% from 2023 to 2024. This underscores the company's financial stability compared to other businesses in the industry.

Conclusion:

• The industry shows a mix of stability and challenges, with Fjordkroa As as one of the most significant businesses. However, there is a need for increased financial stability among other companies to ensure a more balanced industry.

Opportunities and Challenges:

• Fjordkroa As demonstrates that it is possible to achieve economic stability in the restaurant industry in Tingvoll, with a positive EBITDA margin and high revenue per employee. This highlights the potential for successful businesses in the municipality.
• Øydegard is the most promising geographical area for new businesses, with existing infrastructure and a significant business (Fjordkroa As) that can serve as an example.
• Kvisvik and Tingvoll have less activity, with several companies reporting negative or zero financial results. This could be a challenge for new businesses in these areas.

Recommendations:

• New businesses should consider establishing themselves in Øydegard, where there is existing infrastructure and a successful business that can serve as an example.
• It is important to focus on financial stability and efficient operations to avoid negative results as seen with Gammelposten As and Kanestraum Grill As.
• SmartGrunder can help entrepreneurs find suitable addresses in Tingvoll for restaurant operations, focusing on areas with high potential for successful businesses.

The restaurant industry in Tingvoll shows a mix of stability and challenges, with Fjordkroa As as one of the most significant businesses. It is possible to achieve economic stability in the industry, but there is also a need for increased financial stability among other companies to ensure a more balanced industry. Øydegard is the most promising geographical area for new businesses, with existing infrastructure and a successful business that can serve as an example. SmartGrunder can help entrepreneurs find suitable addresses in Tingvoll for restaurant operations, focusing on areas with high potential for successful businesses.