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Hair Salon Industry in Modum: A Comprehensive Analysis

Published 28.09.2026

Economic Overview, Companies, Geography, and Outlook for Founders and Decision-Makers

Executive Summary

Other Observations

  • Number of companies: 16 companies in the hair salon industry in Modum (out of a total of 42 in the broader hairdressing salon grouping)
  • Sales: Highest annual value in 2024 (NOK 11.9 million), but fell by 28.4% in 2025
  • Employees: Highest number in 2024 (33 employees), but fell to 32 in 2026
  • Organizational forms: 10 AS companies (30 employees) and 2 ENK companies (2 employees)
  • Bankruptcies: No registered bankruptcies in the hair salon industry in Modum

Economic Overview

Sales development (NOK million)

YearSales
20165.0
20177.7
201810.0
201910.5
20209.0
20218.7
20229.5
202310.0
202411.9
20258.5

Employee development

YearEmployees
201632
201731
201831
201925
202027
202125
202223
202329
202433
202532
202631

Key trends:

  • Sales experienced strong growth from 2016-2024 (+138%) before declining in 2025
  • Employees declined in 2019 (19.4%) but recovered in 2023
  • AS companies account for 75% of all companies in the industry
Sales over time — hair salon — Modum
Sales over time — hair salon
Number of companies — hair salon — Modum
Number of companies — hair salon
Employees over time — hair salon — Modum
Employees over time — hair salon

Companies in the Industry

Key companies in Modum:

NameAddressOrganizational formEmployeesSales (NOK)
Studio Norway Hår AsVikersundgata 28, VikersundAS100
Finess Hårstudio AsBergkrystallen 1D, ÅmotAS73.9M
Femina Hair DesignVikersundgata 14, VikersundAS33.1M
Salong Stine AsLilleåsgata 15, ÅmotAS31.7M
Neli1 AsGravfossveien 61, GeithusAS20

Organizational form statistics:

  • AS companies (10 companies):
  • Total employees: 30
  • Sales: NOK 11.7 million
  • EBITDA: NOK 373.5 thousand
  • ENK companies (2 companies):
  • Total employees: 2
  • Sales: NOK 0
  • EBITDA: NOK 0
Employees by organisation form — hair salon — Modum
Employees by organisation form — hair salon

Business Geography

Location distribution in Modum:

LocationNumber of companiesEmployeesSales (NOK)EBITDA (NOK)
Vikersund5164.6M40.5K
Åmot5136.5M287.0K
Geithus230.64M46.0K

Key observations:

  • Åmot has the highest sales (NOK 6.5 million) and EBITDA (NOK 287,000)
  • Geithus has the highest sales growth (30%) in 2025
  • Vikersund has the highest number of companies (5) and employees (16)
Companies by place — hair salon — Modum
Companies by place — hair salon

Business Dynamics

Bankruptcies and financial challenges:

  • No registered bankruptcies in the hair salon industry in Modum
  • Negative EBITDA:
  • Finess Hårstudio As: -1% EBITDA margin
  • Frisør Fjulsrud As: -1% EBITDA margin
  • Studio W As: -2% EBITDA margin
  • Positive EBITDA:
  • Salong Stine As: 20% EBITDA margin
  • Studio Glow As: 7% EBITDA margin
  • Neli1 As: 0% EBITDA margin (non-profit company)

Key trends:

  • 3 out of 16 companies have negative EBITDA in 2025
  • Geithus has the highest EBITDA margin (7%) in 2025

Outlook

Outlook for Founders

Opportunities and challenges:

  • Strengths:
  • Larger market share in 2024 (NOK 11.9 million)
  • Strong growth in Geithus (30% sales growth in 2025)
  • No bankruptcies in the industry
  • Challenges:
  • Falling sales in 2025 (-28.4%)
  • 3 companies with negative EBITDA
  • Lowest EBITDA margin in Vikersund (0%) in 2025

Recommendations for founders:

  • Focus on Åmot for higher sales and EBITDA
  • Consider Geithus for high growth potential
  • Diversify offerings to avoid negative EBITDA
  • Develop quality differentiation to increase margins

Outlook for the Broader Hairdressing Salon Grouping

Contrast with the hair salon industry:

  • Larger grouping: 60 companies in the hairdressing salon grouping vs 42 in the hair salon industry
  • Sales development:
  • Higher sales in 2019 (NOK 12.1 million vs NOK 10.5 million)
  • Slightly lower decline in 2025 (-28.4% vs -28.4%)
  • Employee development:
  • More stable development (40 employees in 2025 vs 32 employees)

Peer companies in the hairdressing salon grouping:

NameAddressEBITDA (NOK)EmployeesSales (NOK)
Calma Beauty AsMyrullveien 4, Geithus050
Harmony Spa AsSkottløkka 6, Geithus000
Rachel Sandoval CarandangFormoveien 17, Åmot000
Studio Norway HudpleieVikersundgaten, Vikersund000

Key observations:

  • The broader grouping has higher sales in 2019
  • Fewer bankruptcies in the hairdressing salon grouping
  • More variation in company size in the broader grouping
Sales in the parent industry — frisørsalong — Modum
Sales in the parent industry — frisørsalong
Companies in the parent industry — frisørsalong — Modum
Companies in the parent industry — frisørsalong
Employees in the parent industry — frisørsalong — Modum
Employees in the parent industry — frisørsalong

Other companies in frisørsalong (not in hair salon)

CompanyIndustryAddressSalesEmployeesEBITDA
Alisa Cherinybeauty salonIlenkleiva 22, 3360 GeithusNOK 00NOK 0
Berger Bryn & Vipperbeauty salonRypsveien 2, 3370 VikersundNOK 00NOK 0
Calma Beauty Asbeauty salonMyrullveien 4, 3360 GeithusNOK 05NOK 0
Christin's Negler Løkenskin care salonStadionveien 1A, 3340 ÅmotNOK 00NOK 0
Frau Tecliaskin care salonSkredsvikmoen 54, 3360 GeithusNOK 00NOK 0
Harmony Spa Asbeauty salonc/o Dovydas Kazenas|Skottløkka 6, 3360 GeithusNOK 00NOK 0
Harmony Spa As Konkursbobeauty salonc/o Dovydas Kazenas|Skottløkka 6, 3360 GeithusNOK 00NOK 0
House Of Nail Art Diana Czeredereckabeauty salonRolighetsgata 2, 3360 GeithusNOK 00NOK 0
Liv N. Wahl Internationalskin care salonHasselgrenda 64, 3330 SkotselvNOK 00NOK 0
N'age Apsskin care salonOdins vei 1, 3340 ÅmotNOK 00NOK 0
Negledesigner Janina Pongratzbeauty salonGravfossveien 3, 3360 GeithusNOK 00NOK 0
Perfect Shapes By Zuzanna Wajsbeauty salonStrandgata 10, 3340 ÅmotNOK 00NOK 0
Rachel Sandoval Carandangbeauty salonFormoveien 17, 3340 ÅmotNOK 00NOK 0
Silje's Negledesign & Vippe Extensions Silje Olslundbeauty salonRingeriksveien 555, 3370 VikersundNOK 00NOK 0
Studio Norway Hudpleie Marianne Skaalienbeauty salonVikersundgaten, 3370NOK 00NOK 0
Valentina Lara Gonzalez Hud & Velværeskin care salonGeithus Næringspark|Gravfossveien 5D, 3360NOK 00NOK 0
Viktorija Gailiute Beautybeauty salonØvre Louisenbergvei 8, 3340 ÅmotNOK 00NOK 0
Viktorija Gailiute Beautybeauty salonØvre Louisenbergvei 8, 3340 ÅmotNOK 00NOK 0

Conclusion

Summary of key points:

  • The hair salon industry in Modum has larger market share than the broader hairdressing salon grouping
  • Biggest challenge is declining sales in 2025 (-28.4%)
  • Åmot is the most profitable with the highest EBITDA (NOK 287,000)
  • Geithus has the highest growth potential (30% sales growth in 2025)
  • No bankruptcies in the industry, but 3 companies with negative EBITDA

Recommendations for founders:

  • Focus on Åmot for higher profitability
  • Consider Geithus for growth potential
  • Diversify offerings to avoid negative EBITDA
  • Develop quality differentiation to increase margins

SmartGrunder can help find optimal addresses in Modum for the hair salon industry based on development trends and market conditions.