🟢 NY Deli Hidden Gem

Hello Thursday. Good Food on Montford will close on August 29. RIP. I love it there. Amazing 18-year run by owner Bruce Moffett, who will focus on Stagioni and Barrington's.

I'll miss Good Food's $12 Pommes Frites, $18 Green Curry Mussels, $17 Garganelli Pasta, $17 Larry's Buns, and $19 Korean Beef. Sneaky good dirty martini too.

Bittersweet, a new small plate and cocktail concept, will replace Good Food. It's led by Lee Ann Dolcetto, an 18-year Moffett Restaurant Group employee.

“It just seemed like a good way to set her off on her dream,” Bruce told CBJ. “I’ve always wanted to see the people who work for me be successful.”

Only 4 reservations available over Good Food's remaining 15 nights. I snagged one. Anyways.

💼 Hot Job: Senior Sports Marketing Director at Bank of America ($124K – $185K). Lead league partnerships. 401(k) match 5%. $7,500 annual education stipend.

💰 Price check: $45K. Tuition at Alpha School, opening this fall in Charlotte. 30 founding families. 2 hours of AI-powered school, then team-based learning. VC backed. Teachers paid $100K.

👩 Shout-out: Stephanie Muhs, Founder and CEO of The Grove, for announcing Charleston expansion plans. Initiation $4,350. Monthly dues $275. The “SoHo for families” hosting open house in 2 weeks.

MARKETS: YEAR-TO-DATE

INVESTMENT

Customshop invests $200K in fresh look, debuts tasty $18 Heirloom Tomatoes

Fresh look: Customshop invested $200K in kitchen upgrades, new sound system, and new bar. Closing for a few weeks also meant losing out on $100K in revenue.

Instructions: Order the $19 Hamachi, $18 Heirloom Tomatoes, $16 Empanadas, $28 Cavatelli Pasta, $60 Rohan Duck Breast, and $12 Mamey Pie.

Tiny take: Customshop is a top 5 restaurant in Charlotte! As it settles into its lease for the long term, expect it to deliver. Big fan of Andres.

PRESENTED BY LIVE NATION

Explore VIP Premium Experiences at Truliant Amphitheater

Premium: Choose a flexible 3+ show package or VIP experience for groups of 10 or more. Perfect for business, family, friends, and music lovers of all genres.

Book it: Learn more about Premium Experiences or contact local lead ashleyadams@livenation.com to create your perfect VIP concert experience.

FOR SALE

5 "Booming" Crumbl Cookie locations for sale asking $2.1M for multi-unit package

For sale: Rare 5-unit package of Crumbl Cookies franchise locations across North Carolina just hit the market for $2.1M.

Financials: Revenue $3.9M. EBITDA $750K. FF&E $1.5M. 54 total employees. Leases assignable to buyer.

In the news: Crumbl Cookies made local headlines with viral video of employee doing hair inside the store. Average unit volume is down from about $1.8M to $1.1M in the past few years.

Bottom line: It’s an embattled cookie brand, but at just 2.8x earnings, the value may be tasty enough for a disciplined operator to bite.

TINY MONEY JOB BOARD

Who’s hiring in Charlotte? 5 Trending jobs

Hiring? Post a job

Hunting? View all 95 open jobs on the Tiny Money Job Board💰

MONEY TALKS

34-year-old financial adviser making $200K goes independent, grows AUM to $25M

Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.

Living situation: “Own. Bought in 2020 in Plaza Midwood. 30-year fixed 2.99% interest rate. I wish I had bought in Barclay Downs and maxed my budget. But I am thankful to have a home and be building equity.”

Job: “Independent financial advisor. $200K. My client book is small, just $25M in total assets under management.”

Money hack: “Be an expert in one career area. Focus on it completely.”

Philosophy: “I believe in indexing. Constantly save and increase your savings rate to the point it’s uncomfortable. I don’t buy and sell. Buy, hold, and buy more regardless of price.”

Rich in Charlotte: “$10M. I see people in Charlotte with nice cars and nice homes and wonder their net worth compared to the quiet rich who live modestly.”

Full story: 34-year-old builds $600K net worth, stashes away $24,500 in 401(k) annually

MONEY SNACKS

5 other financial headlines I’m snacking on

HOUSEKEEPING

No-frills Mochi’s Deli opens in Dilworth, generates 100% 5-star reviews with massive NY sandwiches

Hidden gem: Mochi’s Deli, a New York-style deli serving huuuge sandwiches, quietly opened in Dilworth a few weeks ago. Expect to wait. It’s not fast. Owner makes the sandwiches.

Instructions: Order the $11 Heartburn Chopped Cheese or $11.50 Chicken Italiano. They’re trending.

Happy Thursday! I'm teeing it up this afternoon with my neighbor Collin at a 1-day Carmel Country Club member-guest event. I’m going to shoot a 78 then run up his tab in the spacious Men’s Grill.

– Ted

P.S. No newsletter next week. Vacay mode. I’m heading to Spartanburg, aka “Sparkle City,” to visit college buddies.

MONEY POLL

Last week’s poll results: How much did you spend in total on summer camps per child this year? (14,432 subscribers)

$1,000 or less – 24%

$1,000 to $5,000 – 48%

$5,000 to $10,000 – 20%

$10,000 or more – 8%