KHB Brugghús is located in one of the oldest houses in Borgarfjörður eystri, built in 1897 and the house has a long and remarkable commercial history. Bjarni Þorsteinsson, born in 1868 in Höfn in Borgarfjörður, built the house and Verslunarfjelag Bjarni Þorsteinssonar & co started operations in the summer and autumn of 1897. In addition to Bjarni, another owner was Jón Lúðvíksson, a shoemaker from Stöðvarfjörður. Louis Zöllner, a large merchant in Newcastle, and Jón Vídalín, a consul and entrepreneur, contributed working capital and were sponsors of the newly founded company.