Street Food in Modum: Industry Overview and Outlook

The street food industry in Modum has shown a mix of growth and challenges in recent years. There are four registered companies in the municipality, with a total sales volume of over 24 million NOK in 2024. The workforce has been stable, increasing from 23 to 36 employees between 2023 and 2026. Vikersund and Åmot are the two main geographical hubs, with varying financial performances. The industry has not experienced bankruptcies, but shows variations in EBITDA margins and operating results. For entrepreneurs, Modum could be an interesting place for street food, with a mix of stable companies and potential growth areas.

The street food industry in Modum has experienced sales growth from 2016 to 2024, increasing from 8.6 million NOK to 24.5 million NOK. A decline was recorded in 2025, with sales dropping to 21.1 million NOK. The workforce has been more stable, increasing from 14 to 36 employees between 2016 and 2026. EBITDA margins vary between companies, with the highest margin at 23% for T. Catering AS and a negative margin of -19% for Paradiso Pizza & Grill AS. The operating result has been positive for most companies, with exceptions for Modumstua AS and Paradiso Pizza & Grill AS.

There are four companies registered in the street food industry in Modum:

All companies are organized as AS, and none of them have experienced bankruptcy. T. Catering AS has the highest sales and EBITDA margin, while Paradiso Pizza & Grill AS and Modumstua AS have negative operating results.

Street food activity in Modum is divided into two main areas:

Vikersund:

• T. Catering AS and Gentis AS
• Total of 30 employees and 17.7 million NOK in sales
• EBITDA margin of 14% and operating result of 2.1 million NOK
• Higher sales volume and number of employees compared to Åmot

Åmot:

• Paradiso Pizza & Grill AS and Modumstua AS
• Total of 11 employees and 3.4 million NOK in sales
• EBITDA margin of -8% and operating result of -329K
• Lower sales volume and more negative financial results compared to Vikersund

The industry has not experienced bankruptcy, but shows variations in financial performance:

• T. Catering AS has stable sales growth and a high EBITDA margin (23%)
• Gentis AS has a lower EBITDA margin (3%) but a positive operating result
• Paradiso Pizza & Grill AS and Modumstua AS have negative operating results and lower sales volume
• Åmot has lower sales volume and more negative financial results compared to Vikersund
• A sales decline of 13.7% was recorded in 2025, but an increase in the number of employees of 12.5% was recorded in the same year

For entrepreneurs in the street food industry in Modum, the following may be relevant:

• Vikersund shows potential growth opportunities with higher sales volume and better financial performance
• Åmot has lower sales volume and more negative financial results, but could be a less competitive market
• A sales decline was recorded in 2025, but an increase in the number of employees was recorded in the same year
• EBITDA margins vary, but T. Catering AS has the highest margin at 23%
• It is possible to utilize existing infrastructure and locations in Vikersund to start a new company

The quick service food industry in Modum has a similar development to street food, but also includes other sectors such as bakeries:

• Quick service food has 7 companies in the municipality, while street food has 4 companies
• The sales volume has shown a similar development, with an increase from 2016 to 2024 and a decline in 2025
• Peer companies in quick service food include Galaxy Food Ali (quick service food chain), Hellerud Konditori (bakery) and Sola Sunny (bakery)
• These companies have not reported sales or EBITDA, which may indicate a different financial structure compared to street food companies
• It is possible to utilize cooperation between quick service food and street food companies to develop new markets

The street food industry in Modum shows a mix of stable companies and potential growth areas. Vikersund is a more attractive location with higher sales volume and better financial performance compared to Åmot. It is possible to start a new company in the municipality, but it is important to assess financial risks and competitive markets. The quick service food industry in Modum has a similar development, but also includes other sectors such as bakeries. SmartGrunder can help entrepreneurs find suitable locations and develop strategies to succeed in the street food industry in Modum.