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By Ted Williams |
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Hello Thursday. PopUp Bagels opens their first Charlotte store next Friday in Ballantyne. I'm bullish. We should have bought the area franchise rights, but Power Brands Hospitality Group scooped it up!
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PopUp Bagels does a shocking $6M per unit with 18% margins. Just bagels and schmears. Simple. Units cost $312K to $884K to open, depending on real estate. You can see why they quickly signed 300 franchise agreements!
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I’m hearing they sell 2,000 bagels in an hour. Insanity. A franchise nerd told me it’s the next viral concept like Dave’s Hot Chicken or Crumbl. Anyways.
💼 Hot Job: Head of Communications at Bankrate ($220K – $360K, plus equity). Remote. Set vision for external comms plan. Part of Red Ventures.
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👵🏼 Number: 30% of Americans in their 70s are self-employed. The new age of entrepreneurship is 70 to 79!
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👩 Shout-out: Hayley Bohon, for celebrating 10 years at SkillPop and convincing restaurant mogul Frank Scibelli to teach a $150 "How to open a restaurant" class at Mama Ricotta's.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
6,754 |
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Nasdaq |
23,043 |
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EXCLUSIVE
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Coin maker creates real life treasure hunt, hides $25K of gold coins in NC mountains
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$25,000 in gold coins… WTF?!
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Treasure hunt: Adam Howell, 45-year-old owner of The Achieve Mint, has created a real-life treasure hunt.
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How it works: On Day One (today) there is a 420 mile circle on the website showing the treasure's location. Every morning this circle shrinks until on the 21st day, the circle is just 1 foot wide.
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A webcam is trained on the treasure 24/7 and updated every 10 minutes, so that you can see the treasure out in the open at all times.
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The $25K in gold coins are in a mason jar on the forest floor just off of a public hiking trail somewhere in the Blue Ridge Mountains.
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Premium hunters: You can pay $20 for an extra hint each morning. $10 of this goes into a winner-take-all side pot. So, if there are 10,000 premium hunters, the side pot goes up $100K!
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Backstory: Adam participated in a similar treasure hunt with his family outside of Boston last year. "Such a unique and fun idea," Adam told me. A Boston meteorologist found the treasure and won $110K.
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$2 from every premium signup goes towards the goal of raising $20K to help the ongoing cleanup efforts from Hurricane Helene.
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The project, dubbed Countdown Treasure, went live 30 minutes ago. Happy hunting!
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PRESENTED BY CHARLOTTE SPORTS FOUNDATION
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Pro tennis stars take the court in Uptown, tickets start at $48
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16,194 people attended last year’s inaugural Charlotte Invitational
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Tennis: The Charlotte Invitational returns world-class tennis to Spectrum Center on December 4.
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Buy tickets: Secure your seats now, or elevate your night with premium hospitality experiences before they sell out.
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Tickets start at $48. The exclusive Courtside Club runs $1,000.
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I missed it last year and had serious FOMO. I’ll be there this year!
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SHARK TANK
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Tipsy Pickle co-founder seeking $500K for 40% equity in new "no cell phone" cocktail bar
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Located just a block down Cleveland from Dilworth Tasting Room
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New concept: Mike Salzarulo, entrepreneur behind Protagonist Beer and Tipsy Pickle, will soon debut a new dual-purpose coffee and cocktail bar named Antagonist.
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After 5pm, guests will check phones at the door. "It'll be Charlotte's first no-cell-phone bar."
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$900K build-out. 1,700-total-square-foot space includes 45 seats inside and 45 seats outside. Opens in about 30 days.
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Expect Giddy Goat coffee and cocktails from Crunkleton alumni.
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Projections: Mike anticipates the Antagonist will do $1.67M in annual revenue with $468K in operating income.
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MONEY TALKS
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26-year-old event planner making $89K splits rent 60/40 with boyfriend
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Catalina Kitchen & Bar, her No. 1 favorite restaurant
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Money Talks is a weekly series showcasing how real people in Charlotte approach money.
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Living situation: “I rent a townhouse. Rent is $2,200/mo. I split it 60% him and 40% me. Private landlords are the way. Your luxury apartment is scamming you!”
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Job: “Events manager at a financial company. $83K base with a 7% bonus.”
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Debt: “None. My college was paid for between a D1 sports scholarship and my dad, who graciously gave me his GI Bill.”
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Best expense: “My Solidcore membership. I go at least 5x/wk and pay $225/mo. I will live and die by those blue lights.”
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Splurge: “Clothes and accessories. I'm 26 and starting to really understand who I am. I dream of being a really cool eclectic mom one day with the best outfits and interesting style.”
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Investment strategy: “I put 8% into a Roth 401(k) (company matches 6%) and I max out my Roth IRA. Rest is split between brokerage, emergency fund, and savings buckets for house and wedding. Net worth is about $70K.”
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Rich in Charlotte: “Owning a house on Queens Road West. No explanation needed.”
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On your mind: “I'm scared I'll never be able to afford to own a house, have kids, and pursue a lifestyle I want.”
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Full story: 26-year-old shares $30K side hustle and 3 financial goals
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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Primland debuts 25 fully furnished homes in new neighborhood near 18th green. Prices start at $5.8M.
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Kudzu Bakery & Market opens next to Ru San's in Dilworth. Go with the carrot cake, pecan pie, or cinnamon rolls.
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Refinancing activity jumped 80% over the past 3 weeks as the cost of a 30-year home loan fell 0.3 percentage point to 6.26%.
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New construction by Bourgeois McGinn Builders on Beverly just hit the market for $4.6M. Callie Kelly has the listing. 88 saves on Zillow.
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Ridgemont Equity Partners lands nearly $4 billion for latest private equity fund. The firm started in 2010. 5th fund.
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GO BUY A SHIRT
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704 Shop debuts custom merch program — 100 premium Tiny Money shirts just dropped!
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OMG, a blogger that can also be a male model!
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Premium merch: Move over Custom Ink, my friends at 704 Shop just launched 704 Supply Co and are now creating custom apparel for local companies, organizations, and events.
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"When employees are given well-designed, high-quality merch, they wear it with pride," CEO Andy Mitchelides told me.
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Early clients include Movement Mortgage, Hendrick, PetScreening, UNC Charlotte, Honeywell, and now… Tiny Money!
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Custom apparel has helped fuel the growth of 704 Shop to a 7-figure business.
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Merch drop: 100 Tiny Money shirts, 100 rope hats, limited release of Peter Millar Polos and Pro V1 logo golf balls just dropped 🔥
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All proceeds benefit Foster Village Charlotte, a charity for children and families experiencing foster care.
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I'm not wetting the beak. In fact, I'll match 100% of whatever money we generate.
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Happy Thursday! If I see you wearing Tiny Money merch IRL, expect a knowing glance and insider’s high-five ✋
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– Ted
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MONEY POLL
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Is college essential for career success?
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Last week’s poll results: Should personal finance be taught in middle school? (11,249 subscribers)
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