New Owners Take Over Monte Carlo Bar and Restaurant
After nearly a quarter-century in business, the Monte Carlo Bar and Restaurant — located off the southern end of Third Street — closed this summer. The new owners of the space plan to maintain it as a restaurant, but the husband-and-wife duo behind the Bayview eatery have taken off their aprons, put down their spatulas and left the house.
Theresa Derouen opened the club, which specialized in Louisiana cuisine, in 1989 at 1705 Yosemite Street. Run by Derouen and her life and business partner, Gary Lynch, the place became known for its Southern hospitality and Cajun gumbo. Music and dancing was a major part of the bar scene following dinner hours. The couple lived in the apartment above the club.
In June, the couple sold the business to a family who plan to move into the upstairs unit and are looking for a retail tenant to take on the restaurant. According to Coldwell Banker realtor Eric Chin, who is working with realtor Tina Low, Derouen and Lynch moved to the East Bay. It took six months to sell the residential-business space.
According to Bayview resident Dan Dodt, the couple was ready to retire, and faced major upgrades to the aging kitchen space to continue the business. “That likely factored into the decision to move on,” he said. With aging restaurant equipment still in place, Chin said the space would remain an eating establishment. However, it’s no longer licensed to serve liquor. The new owners are currently undertaking termite-related and other repairs and renovations. A peek into a side window of the closed restaurants shows empty tables and bar stools set askew, along with bare walls and bar displays. The orange building with a red awning still features a sign that reads “Gary & Theresa’s Monte Carlo.”
Rumor around the neighborhood is that the new owners will open a Chinese food restaurant. However realtor Tina Low said there’s no set tenant yet. Cathy Davis, executive director of the Bayview-Hunters Point Multipurpose Senior Services Center, which is located across the street from the former Monte Carlo, said the new owners are Asian and want to keep the space as an eatery of some kind.
Before closing, the venue offered a full weekend lineup of events, including a smooth jazz night on Sundays and other dancing entertainment Fridays and Saturdays. The latest Yelp review was posted last May, and gave the club the maximum five stars. The user said, “Great bar, great owners. Can get a little rowdy after 10 at night…The food is fantastic…Always a good party atmosphere and a good time on the weekends.”
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