Business For Sale – Saigon Street Gateway, Palmerston NT
An exceptional opportunity exists to acquire Saigon Street, a popular and well-established Vietnamese eatery located in the thriving Gateway Shopping Centre in Palmerston, Northern Territory. This walk-in, walk-out business is ideally positioned at Shop FM05, right by the main walkway into the ground floor food court and next to the public amenities—ensuring consistent visibility and high foot traffic throughout the day.
With a loyal customer base and a reputation for fresh, flavorful c... Read more
With a loyal customer base and a reputation for fresh, flavorful c... Read more
An exceptional opportunity exists to acquire Saigon Street, a popular and well-established Vietnamese eatery located in the thriving Gateway Shopping Centre in Palmerston, Northern Territory. This walk-in, walk-out business is ideally positioned at Shop FM05, right by the main walkway into the ground floor food court and next to the public amenities—ensuring consistent visibility and high foot traffic throughout the day.
With a loyal customer base and a reputation for fresh, flavorful cuisine, Saigon Street has been operating for over seven years. Its authentic menu includes Vietnamese favourites such as Pho, Banh Mi, Com Tam, Bun noodle salad, spring rolls, and more, catering to both dine-in and takeaway patrons. Delivery is also available via Menulog, Doordash, Meal Now and Uber Eats, expanding the business’s reach well beyond its physical premises.
In the half year FY2025 to December 2024 the business has reported $410,467 with full year turnover of FY24 $746,341, FY23 $815,441 (before add backs), demonstrating strong financial performance with room for further growth. The premises are fully fitted with a commercial kitchen and all necessary equipment, and the business is currently staffed by one chef, a kitchen hand, and five casual staff.
Saigon Street benefits from its strategic location within one of the NT’s fastest-growing regions, surrounded by a mix of retail giants, entertainment venues, and upcoming developments. The business is also well-supported by the local Vietnamese community and growing populations in surrounding rural areas, including nearby mango farming regions.
The business is being offered with a secure lease in place until 21st September 2027, providing excellent tenure and long-term peace of mind for incoming owners. This is a rare opportunity to take over a turnkey food business with proven results, strong brand recognition, and an established operational structure. All plant, equipment, and goodwill are included in the sale, ensuring a smooth transition.
Expressions of interest are now being sought. For further information and access to the data room, please contact the exclusive selling agent:
Judy Truong
Darwin Property Group
M: 0412 892 462
E: judy@darwinpropertygroup.com.au
NDA required prior to the release of further financials and lease details.
With a loyal customer base and a reputation for fresh, flavorful cuisine, Saigon Street has been operating for over seven years. Its authentic menu includes Vietnamese favourites such as Pho, Banh Mi, Com Tam, Bun noodle salad, spring rolls, and more, catering to both dine-in and takeaway patrons. Delivery is also available via Menulog, Doordash, Meal Now and Uber Eats, expanding the business’s reach well beyond its physical premises.
In the half year FY2025 to December 2024 the business has reported $410,467 with full year turnover of FY24 $746,341, FY23 $815,441 (before add backs), demonstrating strong financial performance with room for further growth. The premises are fully fitted with a commercial kitchen and all necessary equipment, and the business is currently staffed by one chef, a kitchen hand, and five casual staff.
Saigon Street benefits from its strategic location within one of the NT’s fastest-growing regions, surrounded by a mix of retail giants, entertainment venues, and upcoming developments. The business is also well-supported by the local Vietnamese community and growing populations in surrounding rural areas, including nearby mango farming regions.
The business is being offered with a secure lease in place until 21st September 2027, providing excellent tenure and long-term peace of mind for incoming owners. This is a rare opportunity to take over a turnkey food business with proven results, strong brand recognition, and an established operational structure. All plant, equipment, and goodwill are included in the sale, ensuring a smooth transition.
Expressions of interest are now being sought. For further information and access to the data room, please contact the exclusive selling agent:
Judy Truong
Darwin Property Group
M: 0412 892 462
E: judy@darwinpropertygroup.com.au
NDA required prior to the release of further financials and lease details.
