The Restaurant Industry in Modum: Analysis of Companies, Statistics, and Outlook

Overview of the Restaurant Industry in Modum

Modum has an active restaurant industry with 18 companies registered in the municipality, distributed between Vikersund and Åmot. In 2026, the industry employs 62 people, showing a decline from 70 employees in 2025. Sales have also been on a downward trend in recent years, with a total sales amount of NOK 6.0 million in 2025. Vikersund dominates with 14 companies, while Åmot has four. The industry includes established companies such as Øj Pizza As and new players like Hokksund Sakura Sushi As. However, there are also signs of instability, with several companies reporting zero sales or negative results.

Economic Development

Sales and Employees in the Restaurant Industry in Modum (2016–2026):

Sales have been on a downward trend over the past five years, with a significant decline of 22.4% from 2024 to 2025. The number of employees has been more variable, with an increase of 34% from 2023 to 2024, but a decline of 11.4% in 2026. This indicates instability in the industry, especially after 2023.

Companies in the Industry

In Modum, 18 companies are registered in the restaurant industry, with the following organizational forms:

• AS (Anonym Aksjeselskap): 6 companies, 67 employees, total sales of NOK 6.2 million in 2023.

Key Companies in Modum:

1. Øj Pizza As (Vikersundgata 12B, Vikersund): 21 employees, sales of NOK 6.2 million in 2023, but with a negative result of NOK -69,000.
2. Nedmarken Kafe & Catering As (Geithusveien 69, Vikersund): 0 employees, sales of NOK 63,000 in 2023, but with a negative result of NOK -62,000.
3. Krona Kafé Og Catering As (Vikersundgata 20, Vikersund): 0 employees, sales of NOK 0 in 2025, with a negative result of NOK -14,000.

There are also several companies that have reported zero sales, such as Restaurantdrift Fjordbyen As and Punjab Indisk Restaurant Og Bar As. This shows that parts of the industry have been affected by economic challenges.

Distribution of Business in the Municipality

The restaurant industry in Modum is most active in Vikersund, which has 14 companies and 46 employees. Åmot has four companies and 21 employees. Vikersund also has higher sales figures, with NOK 6.2 million in 2023, compared to NOK 0 in Åmot. This indicates that Vikersund is a key hub for restaurant activity in the municipality, while Åmot has less activity but still plays a significant role in the local economy.

Dynamics in the Industry

Bankruptcies and Instability:

• Krona Kafé Og Catering As has been in bankruptcy and has a negative result of NOK -14,000 in 2025.
• Nedmarken Kafe & Catering As has also been in bankruptcy and has a negative result of NOK -62,000 in 2023.
• Lek Kafé As Konkursbo has been in bankruptcy, but has no sales or employees.

Stability in the Industry:

• Øj Pizza As has been stable with 21 employees and sales of NOK 6.2 million in 2023, despite a negative result.
• Nedmarken Kafe & Catering As Tvangsavviklingsbo has been in bankruptcy, but has no sales or employees.

The industry therefore has a mix of both stable and unstable companies, which can affect future development.

Outlook for Entrepreneurs

For entrepreneurs considering starting a restaurant in Modum, it is important to be aware of the recent decline in sales and number of employees. This indicates that the industry has been affected by economic challenges, especially after 2023. However, there are opportunities in Vikersund, which has a higher concentration of companies and employees. Entrepreneurs should also be aware of the bankruptcy risk present in several companies. It may be beneficial to analyze competitors and see how they have handled challenges. SmartGrunder can help entrepreneurs find suitable addresses in Modum for restaurant operations, based on local conditions and development trends.

Comparison with Broader Category:

• Number of Companies: Broader category (restaurant / café) has 20 companies, while the restaurant industry has 18 companies.
• Sales: Broader category had NOK 18.5 million in 2025, while the restaurant industry had NOK 6.0 million in the same year.
• Number of Employees: Broader category had 120 employees in 2026, while the restaurant industry had 62 employees in the same year.

Peer Companies in Broader Category:

The broader category therefore has higher sales and more employees, indicating that cafés and restaurants in Modum have a more stable and developed industry compared to the restaurant industry alone.

The restaurant industry in Modum has a mix of stable and unstable companies, with a decline in sales and number of employees in recent years. Vikersund is a key hub for operations, while Åmot has less activity. Entrepreneurs should be aware of bankruptcy risks and economic challenges, but there are also opportunities in Vikersund. The broader category (restaurant / café) has a more stable development, with higher sales and more employees. SmartGrunder can help entrepreneurs find suitable addresses in Modum for restaurant operations, based on local conditions and development trends.