Atwell Chinese Restaurant, on Lydon Boulevard, opened in March, 1997, and went on to become a popular family-run restaurant for the area.
Ken Luo took over running the restaurant when his brother Michael, who established the eatery after moving to Australia, died in 2003.
Mr Luo said it was a hard decision to sell, but his family now needed time to do other things.
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READ NOW“We’ve been here a long time and it is a big change, but with the kids studying it’s hard on them because we can be here until 11pm,” he said.
“They want to be able to enjoy their holidays and have some more free time.
“Sometimes you have to make a choice.
“My parents are getting older now and I need more time to look after them.”
Atwell resident Michelle James was a customer on opening night in 1997 and went on to work at the restaurant.
“At the time there were no shops, no Gateway, no school, no community centre, so the restaurant was a place where people could go,” she said.
“They’re very modest people who give a lot to the community. It’s very sad to see them go.”
The restaurant will remain open under new management.