Bars in Modum: An Analytical Overview of the Industry, Companies, and Outlook

The bar industry in Modum is a small but dynamic sector with a unique history and development. The only registered company in the municipality, Kkj Invest As, operates in Vikersund and has shown both challenges and potential over the years. Although the number of employees and revenue experienced significant fluctuations, especially between 2020-2023, there has been a marked increase in 2025. This suggests that the sector may be resilient and able to adapt to market changes. For entrepreneurs, this could be a sign of potential opportunities, although it is important to be aware of the previous fluctuations.

Economic Trends

The table below shows the development of revenue and number of employees for bar businesses in Modum over time:

Revenue experienced a sharp decline of 94.1% from 2019 to 2020, but grew by 197.5% from 2024 to 2025. The number of employees experienced a similarly sharp decline from 2021 to 2022, followed by a gradual increase recorded from 2025. This shows significant volatility in the sector, but also an opportunity for recovery after periods of decline.

Registered Companies

There is one company registered in the bar industry in Modum: Kkj Invest As, located at Jarenhaugen 29, Vikersund. The company was founded in 2011 and has the following key data:

• Organisation Type: AS
• Number of Employees: 9
• Revenue: NOK 682.0K
• Equity: NOK -1.3M
• Debt: NOK 1.4M
• EBITDA Margin: 32%
• Wage Cost: NOK 48.0K
• Bankrupt: Not bankrupt

There are no other companies registered in the bar industry in Modum, which shows that the sector is highly concentrated around a single actor.

Geographic Distribution

The bar industry in Modum is concentrated in Vikersund, which is the only place in the municipality with activity in this sector. The table below shows details about the activity in Vikersund:

This shows that Vikersund is the only area in Modum with activity in the bar industry, and that the only company has a significant economic impact in this area.

The bar industry in Modum has been marked by large fluctuations in the number of employees and revenue, but there are no registered bankruptcies in the sector. This is a positive indicator for stability, even though there have been periods of severe declines. For example, the number of employees was zero in 2022 and 2023, which may indicate temporary challenges. Nevertheless, there has been a significant increase in 2025, which may indicate a gradual adaptation to market conditions.

For entrepreneurs considering starting a bar in Modum, the data indicate both opportunities and challenges. The only registered company, Kkj Invest As, has shown that it is possible to operate in the municipality, even though there have been periods of severe declines. The strong increase in 2025 may be a sign that the market is stabilizing. This could be a good time for entrepreneurs looking to establish themselves, but it is important to be aware of the previous fluctuations and ensure that the business is adapted to local conditions. SmartGrunder can help find suitable addresses in Modum for this industry, based on natural conditions and potential opportunities.

The bar industry in Modum is a small but dynamic sector with a unique history. Although there have been periods of severe declines, the latest developments show that there may be opportunities for growth and stabilization. The only registered company, Kkj Invest As, has shown that it is possible to operate in the municipality, and the strong increase in 2025 may be a sign that the market is stabilizing. For entrepreneurs, this could be a good time to consider opportunities, but it is important to be aware of the previous fluctuations and ensure that the business is adapted to local conditions.