Record turnover and new millions for kebab entrepreneurs – E24



[ad_1]

The money goes to Bislett Kebab House. The brothers behind the company are collecting millions in dividends again.

FIRST: Bislett Kebab House in Pilestredet is the first store opened by Aziz in 1995.

Photo: Audun Flatebakken

Published:,

Aziz Invest is owned by the five Aziz brothers and is behind the hugely successful Bislett Kebab House, which is located in the Oslo and Lillestrøm area.

The chain has been in operation since the first kebab shop opened in 1995 at Pilestredet in Oslo. Since then, the chain has grown year after year, while the brothers behind it have managed to keep the stores profitable.

In the past five years, the company has made a total after-tax profit of almost NOK 80 million.

Last year, the Aziz brothers raised just over NOK 136 million, an increase from 2018, where revenue was NOK 125.8 million.

Last year’s revenue was 1.84 million kebabs, based on a price of NOK 74 each.

Last year, however, the result fell to NOK 13.6 million from NOK 20.6 million the year before. According to the accounts, the decrease is due to higher costs of goods and labor and the depreciation of fixed and intangible assets. E24 failed to contact the Aziz brothers on Thursday.

For the others in a row, they get a dividend of 4.5 million crowns, that is, 900,000 crowns for each of the brothers. The rest of the profits will remain with the company.

The company has a total of 75 man-years, an increase of 5 employees since 2018.

Besides the success of the kebab, the Aziz brothers control important real estate stocks, through the company Trendy Næringseiendommer AS.

Read also:

also read

Now it will probably be even more strict in restaurants. Restaurant owners warn of bankruptcy.

also read

Trondheim’s restaurant and nightlife has provided millions in income to billionaire heirs

mail
[ad_2]