Industry · municipality
Gourmet Food Store Industry in Modum: Current Status and Outlook
Analysis of Companies, Statistics, and Prospects for Founders and Local Decision-Makers in Modum Municipality
Executive Summary
Overview of the Gourmet Food Store Industry in Modum
The gourmet food store industry in Modum is a very small sector with only one registered company, Happy Smiles Hernandez in Geithus. This company has been registered since 2020, but has no employees, no sales revenue, and no operational profit. There has been no activity in the sector over the past five years, except for a brief sales increase in 2019 (122,600 NOK). This indicates a highly unstable or non-relevant sector in the municipality.
In this context, it is worth noting that the services sector in Modum has been more stable, with increasing sales and employees over time. This can provide a broader context for entrepreneurs considering establishing themselves in Modum, even though the gourmet food store sector specifically does not show positive dynamics.
Economic Overview
Sales and employees in the gourmet food store sector in Modum:
- Sales: A single increase in 2019 (122,600 NOK), but then back to zero in all subsequent years.
- Employees: Constantly zero throughout the entire period (2016–2026).
This shows that the sector has not been active in Modum for several years, except for a brief phase in 2019. There are no indications that the company has been operational or generated revenue after 2019.
Contrast with the services sector: The services sector in Modum has shown a more stable development, with increasing sales (from 477.8 million NOK in 2016 to 510.3 million NOK in 2025) and an average annual increase in the number of employees (around 200 employees in 2026). This underscores that the services sector is a more robust foundation for entrepreneurs in the municipality.
Companies in the Industry
There is only one company registration in the gourmet food store sector in Modum:
| Name | Address | Organization Number | Number of Employees | Sales (NOK) | Operational Profit (NOK) |
|---|---|---|---|---|---|
| Happy Smiles Hernandez | Nesleveien 2, Geithus | 924.7M | 0 | 0 | 0 |
Organization Form: ENK (single-person company).
Notes: The company has been registered since 2020, but has no operational activity, no employees, and no sales. There are no other companies in this industry in Modum.
Business Geography
Activity in Modum:
- Geithus: The only location with activity in the gourmet food store sector (Happy Smiles Hernandez at Nesleveien 2, Geithus).
- Åmot and Vikersund: No registered companies in this industry, even though these areas have more shops and services.
Conclusion: The gourmet food store sector is not present in other parts of Modum. This may be due to a combination of lack of establishment, competitiveness, or economic challenges in the sector.
Business Dynamics
Bankruptcies and operational activity:
- Bankruptcies: No bankruptcies registered in the gourmet food store sector in Modum.
- Operational activity: Happy Smiles Hernandez has no operational profit, no employees, and no sales. This suggests that the company has not been operational or active for several years.
Notable contrast: Although there are no bankruptcies, there is no activity in the sector. This may indicate that the company has been registered without being operational, or that there has been a brief activity that has not been sustainable.
Outlook
Outlook for Entrepreneurs
Outlook for new companies in the gourmet food store sector in Modum:
- Low competitiveness: With only one registered company and no activity, there may be an opportunity for new companies. However, there are no indications that the market has been active or operational.
- Lack of operational data: There is no data on sales, employees, or operational profit for Happy Smiles Hernandez, making it difficult to assess the potential for a new company.
- Recommendation: Entrepreneurs should consider investigating whether it is possible to establish themselves in Modum, but it is important to be aware that the sector has not shown activity for several years.
Outlook for the Services Sector
Contrast with the services sector:
- Number of companies: The services sector in Modum has 30 companies, while the gourmet food store sector has only 1 company.
- Sales: The services sector has increased sales from 477.8 million NOK in 2016 to 510.3 million NOK in 2025 (an increase of +6.8%).
- Employees: The services sector has increased the number of employees from 209 in 2016 to 209 in 2026 (stable development).
Peer companies in the services sector:
| Name | Address | Industry | Sales (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|---|---|
| Ng Kiwi Buskerud As Avd 527 Vikersund | Vikersundgata 32, 3370 | Supermarket chain | 132.5M | 37 | 7.8M |
| Ng Kiwi Buskerud As Avd 571 Åmot Sentrum | Stålfjæra 1, 3340 Åmot | Supermarket chain | 103.0M | 27 | 6.1M |
| Coop Prix Geithus 1147 | Folkvangveien 1, 3360 Geithus | Supermarket chain | 29.3M | 12 | 1.6M |
Conclusion: The services sector in Modum has been more stable and growing than the gourmet food store sector. Entrepreneurs should consider establishing themselves in the services sector, even though the gourmet food store sector does not show positive dynamics.
Other companies in tjenester (not in gourmet food store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Ng Kiwi Buskerud As Avd 527 Vikersund | supermarket chain | Vikersundgata 32, 3370 | NOK 132.5M | 37 | NOK 7.8M |
| Ng Kiwi Buskerud As Avd 571 Åmot Sentrum | supermarket chain | Stålfjæra 1, 3340 Åmot | NOK 103.0M | 27 | NOK 6.1M |
| Ng Kiwi Buskerud As Avd 338 Åmot | supermarket chain | Strandgata 12, 3340 Åmot | NOK 54.0M | 16 | NOK 3.2M |
| Normal Norge As Avd No1197 Åmot | discount store | Lilleåsgata 1, 3340 Åmot | NOK 14.4M | 10 | NOK 1.6M |
| Coop Prix Geithus 1147 | supermarket chain | Folkvangveien 1, 3360 Geithus | NOK 29.3M | 12 | NOK 1.6M |
| Spar Vikersund | supermarket chain | Vikersundgata 6, 3370 | NOK 67.4M | 29 | NOK 316.9K |
| Hansen Varehandel As | food/beverages/tobacco stores | Kjølstadgata 16, 3370 Vikersund | NOK 472.0K | 0 | NOK 83.0K |
| Byggai As | other non-specialised store | Øvre Nedmarken 12, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Bø Kjetil Andre | food/beverages/tobacco stores | Rolighetsgata 9, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Chrzanowski Handel | other non-specialised store | Skredsvikmoen 40, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Extra Vikersund Avd 4341 | supermarket chain | Vikersundgata 34, 3370 | NOK 0 | 14 | NOK 0 |
| Extra Åmot | supermarket chain | Sporpind, 3340 Åmot | NOK 0 | 12 | NOK 0 |
| Go'biten Kiosk As Konkursbo | supermarket | Lilleåsgata 1, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Henriette Overn | food/beverages/tobacco stores | Overnveien 195, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Kjerringa I Straumen På Ness | other non-specialised store | c/o RICHARD V. JENSEN|Glimmerveien 19, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Lene I Solbakken | supermarket | Skinnerudveien 6, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Lene I Solbakken | supermarket chain | Skinnerudveien 6, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Liss Heidi Djupvik Jahr | other non-specialised store | Jarveien 125, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| M.p Renna As | supermarket chain | REMA 1000 VIKERSUND|Idrettsveien 2, 3370 | NOK 0 | 18 | NOK 0 |
| Marley As | other non-specialised store | Konvallveien 2, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Martin Hjelmesæth | food/beverages/tobacco stores | Harespranget 2, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Mix Åmotsenteret | kiosk | Lilleåsgata 1, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Pegah Schmidt | other non-specialised store | Henåaveien 77, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Silje Overn | food/beverages/tobacco stores | Harespranget 22, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Spar Åmot | supermarket chain | Lilleåsgata 1, 3340 Åmot | NOK 0 | 23 | NOK 0 |
| Stijn Adriaanse As | supermarket chain | Lilleåsgata 2A, 3340 Åmot | NOK 0 | 14 | NOK 0 |
| Teda Nilsen | ethnic grocery store | Strandgata 27, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Vinmonopolet As Butikk Vikersund | alcohol store | Vikersundgata 34, 3370 | NOK 37.4M | 6 | NOK -502.0K |
| Go'biten Kiosk As | supermarket | Lilleåsgata 1, 3340 Åmot | NOK 5.0M | 0 | NOK -508.0K |
Conclusion
The gourmet food store sector in Modum is a very small and unstable sector with only one registered company, which has not been active for several years. There are no indications that the sector has been operational or sustainable. However, the services sector in Modum has shown a more stable and growing development, with increasing sales and employees. Entrepreneurs should consider establishing themselves in the services sector, even though the gourmet food store sector does not show positive dynamics. SmartGrunder can help entrepreneurs find suitable addresses in Modum to start a business in the services sector.