The restaurant Þrir Frakkar, was opened on March 1. 1989 and has been run by the chef Úlfar Eysteinsson and his family since then.

The restaurant is conveniently located in the downtown area and is within walking distance of the major shops and services in the city center.
The chef Stefán Úlfarsson, have continuously placed emphasis on fish courses and the restaurant has become well known for its delicious fish fare. Other specialities on the menu include whale meat and sea bird entrees.

3 Frakkar seats 44 guests and prides itself on its fine service. Prices are in the moderate range and the restaurant offers an inexpensive lunch menu.