Ethnic Grocery Stores in Modum: A Detailed Analysis of Companies, Statistics, and Outlooks

This article provides a detailed analysis of the ethnic grocery store industry in Modum, focusing on companies, economic trends, and future perspectives. Data shows a very small and static sector, but there is potential for development if there is a market demand. SmartGrunder can help entrepreneurs find suitable locations in Modum for this industry.

Economic data for the ethnic grocery store industry in Modum shows no sales or employee growth over the past years. Sales value and number of employees have been 0 for all years from 2016 to 2026. This indicates that the industry has not been active in the municipality at this point. However, there is a single company registered in the sector, Teda Nilsen, which operates in Åmot.

There is 1 company registered in the ethnic grocery store industry in Modum: Teda Nilsen (Strandgata 27, Åmot). The company has the following characteristics:

• Business structure: ENK (sole proprietorship)
• Incorporation date: 2020-10-28
• Number of employees: 0
• Bankrupt: No
• Annual accounts: No data available for sales, operating income, or EBITDA
• Ownership structure: No details about owners or debt

The company has not reported any operating results, which may indicate that it has not been active in operations or that it is in an early stage of development.

The single company activity in the industry is located in Åmot. There is no data on activity in other parts of Modum. This may indicate a small market share or that there has been no interest in establishing such stores in other parts of the municipality.

There are no registered bankruptcies in the ethnic grocery store industry in Modum over the past years. Teda Nilsen is still in operation, even though no economic results have been reported. This indicates that the industry has not been subject to major financial challenges, but there is also no growth or development to see.

The ethnic grocery store industry in Modum is today a very small and static sector. There is no growth in sales or number of employees, and the single company has not reported economic results. This may be a sign that there is no established market demand for such stores in the municipality. For entrepreneurs, this could be an opportunity if there is an increasing demand for ethnic food products in Modum. However, it is important to investigate local needs and competitive solutions before establishing such a business.

The broad services group in Modum has much greater activity than the ethnic grocery store industry. Over the past years, the services sector has shown variations in sales and number of employees, with an increase of +1.3% in 2025 compared to 2024. There are 30 companies registered in this group, including supermarkets, discount stores, and other service providers. Current peer companies in the services sector include, among others, Ng Kiwi Buskerud As and Spar Vikersund, which have higher sales and more employees than the ethnic grocery store industry in Modum. This shows that the services sector has a more stable and development-oriented structure compared to the ethnic grocery store industry in Modum.

The ethnic grocery store industry in Modum is today a small and static sector with no growth or economic results. However, there is potential for development if there is a market demand for such stores in the municipality. For entrepreneurs, it is important to investigate local needs and competitive solutions before establishing such a business. At the same time, the services sector in Modum shows a more stable and development-oriented structure, which can be an important reference for future development in the ethnic grocery store industry.