Iconic Sydney restaurant Golden Century has reportedly entered administration, but it might not be the end of the late-night institution.

Golden Century Group posted on social media that the doors to the Chinatown location will indeed close in line with the end of the lease.

“We have been deeply touched by the outpour of love, support, and a little surprised by the tremendous reaction to the news that as we approach the end of our 20 year lease at our Chinatown venue,” the Instagram post reads.

“It is with deep sadness we will have to vacate our beloved premises we have come to know so well since 1990.”

The Wongs said that their other two businesses, XOPP and The Century, are unaffected.

“Whilst Golden Century will be moving out, our family run restaurants will continue to carry on this legacy at The Century (The Star) and XOPP (Darling Square) which will continue to operate business as normal.”

There have been rumblings circulating that Golden Century will reopen in a new location, potentially outside the CBD.

The Sussex Street restaurant has been a favourite late-night location among Sydneysiders and chefs for the past 30-plus years.

Owners Eric and Linda Wong opened the restaurant in 1990 to great success, with the eatery’s XO pippies going on to become a legendary Sydney dish.

Hospitality spoke to the Wong family about their restaurants in 2018, with the family still working seven days a week and supporting many long-term workers.

“Some of my staff have worked here since day one and there are more than 30 employees who have worked here for over 15 years; they all say Golden Century is a family,” said Eric. “When you have a business, capital is essential, but the team is just as important.”

The group’s additional venues including XOPP in Haymarket and The Century at the Star will “carry on the legacy”, and operate business as usual.

Image Credit: Facebook Golden Century Group