Pet Shop Industry in Modum: Current Status and Outlook

Overview of the Pet Shop Industry in Modum

The pet shop industry in Modum consists of 7 registered companies, with a mix of sole proprietorships (ENK) and AS. Most companies have no employees, except Dyregleden Evje Andersen in Vikersund, which has 2 employees. Sales have been volatile over time, with a sharp increase from 2016 to 2017, followed by a drop to zero in 2019 and 2020 before a partial recovery in 2021. Employees have grown from 1 to 2 in 2022 and have remained stable since then. The industry shows signs of instability, but there are no registered bankruptcies.

Sales Development (NOK):

Employee Development:

Sales experienced an extreme increase of +16,422% from 2016 to 2017, but then fell by -100% from 2018 to 2019. Employees have grown by +100% from 2021 to 2022 and have remained stable since.

Registered Companies in Modum (2024):

1. Dyregleden Evje Andersen – Vikersundgata 18, Vikersund (ENK, 2 employees)
2. Buskerud Zoo & Hestesport Senter Helene Harrfeldt – Lilleåsgata 6, Åmot (ENK, 0 employees)
3. Carina's Salg Og Dyretjenester – Stigerplassveien 50, Åmot (ENK, 0 employees)
4. Jensens Salg Og Dyretjenester – Stigerplassveien 50, Åmot (ENK, 0 employees)
5. Rudskog Hund Hans Ole Stenbro – Formoveien 118, Åmot (ENK, 0 employees)
6. Sunn Hest As – Heggenveien 1, Vikersund (AS, 0 employees)
7. Sunn Hest As – Heggenveien 1, Vikersund (AS, 0 employees)

Organizational Form:

• ENK: 6 companies
• AS: 1 company

Financing (Sunn Hest As):

• EBITDA: 61.0K NOK
• Total equity: 133.0K NOK
• Total debt: 777.0K NOK

Distribution of Activity in Modum:

Key Observations:

• Vikersund has 2 companies with 2 employees in total.
• Åmot has 5 companies, but no employees.
• Activity is concentrated in Vikersund, with less presence in Åmot.

Bankruptcy Statistics:

• No registered bankruptcies in the industry in Modum.

Stability and Challenges:

• Sales experienced an extreme increase in 2017, followed by a drop to zero in 2019 and 2020.
• Employees have grown from 1 to 2 in 2022 and have remained stable since.
• Sunn Hest As has positive financial indicators (EBITDA margin of 6%), while other companies have no reported figures.
• The industry shows signs of instability, but there are no bankruptcies.

Outlook for Entrepreneurs

Critical Points for Entrepreneurs:

• Stability: Sales have been volatile, with a sharp increase in 2017 and a drop to zero in 2019/2020. This may indicate uncertainty in the market.
• Competitiveness: There are 7 companies in the industry, but most have no employees. This may provide opportunities for new players, but also challenges in terms of market share.
• Location Choice: Vikersund has 2 companies with employees, while Åmot has 5 companies without employees. Entrepreneurs should carefully consider the location, especially if they wish to establish themselves in an area with existing activity.
• Financial Stability: Sunn Hest As has positive financial figures, while other companies lack reported data. This may be an indicator of potential partners or competitors.

Recommendation: Entrepreneurs should consider establishing themselves in Vikersund to leverage existing infrastructure, but be prepared for market uncertainty and competitiveness.

The pet shop industry in Modum is small-scale and volatile, with 7 companies and 2 employees in total. Sales experienced an extreme increase in 2017, followed by a drop to zero in 2019/2020. Employees have grown from 1 to 2 in 2022 and have remained stable since. There are no bankruptcies, but the industry shows signs of instability. Entrepreneurs should consider establishing themselves in Vikersund to leverage existing activity, but be prepared for market uncertainty and competitiveness. SmartGrunder can help entrepreneurs find suitable addresses in Modum for this industry.