Sushi Restaurant in Arendal: Key Figures and Development

Sushi Restaurant in Arendal: Key Figures and Development

Arendal has 5 registered sushi restaurant businesses, with combined sales of 18.2 million NOK in 2023. Sales experienced a significant decline of 70.1% in 2024, from 18.2 million to 5.4 million NOK. Workforce development shows a peak of 49 employees in 2023, but a decline to 38 employees in 2024. The industry has been stable with no registered bankruptcies, but shows significant variations in individual companies' financial health.

Sales Development:

• 2016: 2.8 million NOK
• 2023: 18.2 million NOK (highest level)
• 2024: 5.4 million NOK (decline of 70.1%)

Workforce Development:

• 2016: 11 employees
• 2023: 49 employees (highest level)
• 2024: 38 employees

Financial Indicators (2023):

• EBITDA margin: 16%
• Gross profit: 71%
• Operating profit: 15%

Critical Point: Sales and number of employees experienced a significant decline in 2024, which may indicate market disruptions or specific business challenges.

Arendal has 5 registered sushi restaurant businesses:

Organizational Forms: All companies are AS entities. Bonsai Sushi has the highest financial performance, while Myrene Sushi shows negative figures.

All 5 sushi restaurant businesses are registered in Arendal. There is no sub-counting by districts or specific locations within the municipality. The only available data shows a combined business in the municipality with 27 employees and 11.2 million NOK in sales in 2023.

Bankruptcy Statistics: No bankruptcy registrations in the sushi restaurant industry in Arendal.

Development Trends:

• Sales experienced a significant decline of 70.1% in 2024, from 18.2 million to 5.4 million NOK.
• Workforce decline of 22.4% from 2023 to 2024.
• Myrene Sushi shows negative financial figures, while Bonsai Sushi has a high EBITDA margin.

Conclusion: The industry shows significant variation in individual company performance, but has been stable with no bankruptcies.

Development for Entrepreneurs

Opportunities:

• Arendal has a relatively stable market for sushi restaurant businesses, with 5 existing companies.
• High EBITDA margin (16%) in 2023 indicates potential for profitability.

Challenges:

• Sales and number of employees experienced a significant decline in 2024, which may indicate market disruptions.
• Myrene Sushi shows negative financial figures, which may be a warning signal.

Recommendation: Entrepreneurs should focus on differentiation, cost management, and market analysis to ensure profitability in a competitive sector.

Development in the Overall Industry (Restaurant / Café)

Key Figures for the Overall Industry (2023):

• 81 companies in the restaurant/café sector
• Sales of 280.9 million NOK
• 754 employees

Comparison with Sushi Restaurant:

• Sushi restaurant has fewer companies (5 vs. 81)
• Sushi restaurant has a higher EBITDA margin (16% vs. not stated for the overall industry)
• The overall industry shows more stable sales (decline of 3.5% in 2024 vs. 70.1% for sushi restaurant)

Peer Companies (Top 5 by EBITDA):

1. Arendal Gro As (3.1M EBITDA)
2. Poiesz Restaurant As (1.1M EBITDA)
3. Cafériet As (1.3M EBITDA)
4. Madam Reiersen As (933K EBITDA)
5. Castelle (851.5K EBITDA)

Conclusion: Sushi restaurant has a higher EBITDA margin, but fewer companies and more volatile sales compared to the overall industry.

The sushi restaurant industry in Arendal shows both opportunities and challenges. With 5 existing companies and a high EBITDA margin in 2023, the sector can be profitable for entrepreneurs. However, the 70.1% sales decline in 2024 and variations in individual companies' financial health indicate a need for careful market analysis and cost management. Compared to the overall restaurant/café industry, sushi restaurants have a higher EBITDA margin, but fewer companies and more volatile sales. Entrepreneurs should consider differentiation and strategic positioning to ensure profitability in a competitive sector.