Summary
Sydney’s first Vietnamese restaurant, held for nearly 50 years, now for sale. Prime main road location with loyal clientele. Rare opportunity to own a true local icon
Revenue
$60,000 pm
Rent
$4,909 pm
Expenses
$32,000 pm
Location Details
Willoughby Road
located on a bustling main road in Crows Nest ensuring high visibility and accessibility.
One street away from the new metro station and other public transport. With various parking facilities making it convenient for customers and staff alike.
Potential
- To open lunch time trade
- Introduce a modern take on menu
Skills
- Need an understanding of wok cooking
- Asian (especially Vietnamese) cruisine
- Know how to run restaurant
Hours
Dinner
Monday - Sunday: 5pm - 10pm
Lunch
Friday: 11:30am - 3pm
Lease
4 year lease, no option
1/06/25 - 30/05/2028
Employees
8 employees
4 Back of house, 4 front of house
Reason for Sale
After proudly serving the community for nearly five decades, our family has made the heartfelt decision to step back from the business to focus on retirement and spending more time with loved ones. The Restaurant has been a cornerstone of Crows Nest, and this is simply the right time for us to pass the torch to someone new who can carry on its strong reputation and loyal customer base. This is a rare opportunity to take over a well-established, thriving restaurant in a prime location.
About the Business
This long-standing Vietnamese restaurant is a true Sydney institution, located on one of Crows Nest’s busiest dining strips. Family-owned and operated for nearly 50 years, it has built a strong, loyal following and remains a favourite among locals and regulars alike.
Offering a menu of authentic, home-style Vietnamese dishes — including pho, vermicelli salads, rice paper rolls, and stir-fries — the business operates with dine-in, takeaway, and delivery services. A streamlined kitchen setup and experienced staff ensure smooth day-to-day operations.
The restaurant occupies a high-visibility position on a main road with excellent foot traffic and exposure. Surrounded by a mix of commercial offices, residential buildings, and local retailers, it attracts a consistent flow of patrons for both lunch and dinner service. Public transport options and nearby parking add to its convenience for customers.
What sets this business apart is its history, reputation, and emotional connection to the community. Generations of customers continue to return, creating a strong base of repeat business and word-of-mouth referrals.
This opportunity is best suited for an experienced hospitality operator or someone passionate about food and service who is looking for a business with legacy, stability, and room to grow. It’s a fully operational, profitable setup with great foundations — ready for the right buyer to take over and thrive.
If you're looking for a quick flip or lack experience in food service, this may not be the right fit. This business deserves an owner who will value its longstanding reputation and help it move confidently into its next chapter.
History
Established in 1976, this family-run Vietnamese restaurant was the first in Sydney. Built on authentic recipes and warm hospitality, it quickly became a local favourite in Crows Nest. Operation for nearly 50 years, run by the same family since 1991. It has earned a loyal, multi-generational customer base and a strong community reputation. Its success is rooted in consistency, tradition, and genuine care — making it a cherished part of Sydney’s dining history.
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