Industry · municipality
The Restaurant Industry in Modalen: Analysis of Companies, Statistics, and Outlooks
A detailed assessment of the restaurant industry in Modalen based on operational data and market development over time.
Executive Summary
The restaurant industry in Modalen has experienced significant fluctuations in recent years, with both rising and falling trends in sales and employee numbers. A key observation is the sharp decline in 2019 and 2020, which led to zero employees and sales in these years. However, there has been a gradual recovery after 2021, with sales increasing by over 600% from 2021 to 2022. This shows that the industry has a certain level of resilience, although the development remains uncertain.
Economic Overview
Sales and Employees Over Time
| Year | Sales (NOK) | Employees | Annual Sales Change | Annual Employee Change |
|---|---|---|---|---|
| 2016 | 3.1M | 6 | - | - |
| 2017 | 4.0M | 5 | +29.8% | -16.7% |
| 2018 | 3.0M | 7 | -24.8% | +40.0% |
| 2019 | 0 | 1 | -100.0% | -85.7% |
| 2020 | 0 | 0 | -100.0% | -100.0% |
| 2021 | 382.6K | 0 | +675.9% | -100.0% |
| 2022 | 3.0M | 4 | +675.9% | +100.0% |
| 2023 | 2.4M | 2 | -18.8% | -50.0% |
| 2024 | 2.4M | 1 | -1.2% | -50.0% |
Key Points
- 2019-2020: Total decline in both sales and employees, with no activity in these years.
- 2022: Significant recovery in sales (3.0M NOK) and an increase in the number of employees to 4.
- 2023-2024: Stabilization in sales, but continued decline in the number of employees.
Companies in the Industry
Registered Companies
- There are 3 companies registered in the restaurant industry in Modalen.
- Organizational Forms: Data on organizational forms is not available for this industry in Modalen.
Industry Actors
- Companies: It is not specified which companies are registered in the industry, but the number is low (3 companies). This may indicate a small and concentrated industry in the municipality.
- Establishment: It is not specified which companies have been active over time, but data shows variations in the number of employees and sales over the years.
Geographic Distribution
- There is no available data on the distribution of restaurant activity between different neighborhoods or locations in Modalen.
- Recommendation: For a detailed analysis of geographic distribution and potential locations, SmartGrunder can help map possible addresses and areas in Modalen that are strategic for restaurant operations.
Business Dynamics
Operational Dynamics and Bankruptcy Statistics
- Bankruptcy: There is no available data on bankruptcy in the restaurant industry in Modalen.
- Operational Outlook: The most significant changes occurred in 2019-2020, where both sales and the number of employees were set to zero. This may indicate a period of serious challenges, which may have been linked to external factors such as the pandemic. However, there has been a recovery after 2021, showing that the industry has a certain ability to adapt.
Outlook
Outlook for Entrepreneurs
- Stability: Although the industry has been marked by fluctuations, there has been a recovery after 2021, which can be a positive indicator for new entrants.
- Development Trends: Sales have stabilized around 2.4M NOK in 2023 and 2024, which may indicate a gradual normalization after previous declines.
- External Factors: It is important to be aware of external factors such as local economic conditions, tourism, and culture, which can further influence the industry.
- Recommendation: Entrepreneurs should consider analyzing local market conditions and collaborating with existing actors to improve the likelihood of success.
Conclusion
The restaurant industry in Modalen has been marked by significant fluctuations in recent years, but there has been a gradual recovery after 2021. With a stabilization in sales and a certain level of resilience in the industry, it may be possible to identify opportunities for new entrants. However, it is important to be aware of previous challenges and to thoroughly analyze local conditions before making decisions to establish oneself in the industry.