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By Ted Williams |
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Hello Thursday. Since opening 2 weeks ago, over 11,000 people have flocked to indoor slide park Slick City 🤯!
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Shout-out to former Belk CEO Nir Patel and wife Jen for seeing this franchise investment opportunity.
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"We performed 2x our initial projections," Jen told me. "And we booked over 140 birthday parties in the first week." They've also sold 3,000 Icees.
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Slick City average unit volumes are $5M and EBITDA margins are 41%. If they're 2x-ing these figures, that’s some yummy year 1 cash flow. Anyways.
đź’ĽÂ Hot Job:Â Director, Digital Wallets at Bank of America ($124K – $191K). Lead strategy and coach team.
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🏠For sale: “Timeless” brick home on Colville in Eastover asks $4.2M. Stately cast stone entry. 6 beds, 9 baths, 7,000 square feet, .44 acre lot. Cute carriage house. Asking price under Zestimate. Listed by Callie Kelly.
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👨 Shout-out: Dan McCormick, owner of new SouthPark restaurant Laurel Park, for debuting brunch on Sunday. My 11-year-old says, "Best cinnamon roll I've ever had." Bougie table-side icing pour!
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MARKETS: YEAR-TO-DATE
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S&P 500 |
6,946 |
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Nasdaq |
23,152 |
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BULLISH
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37-year-old launching Charlotte’s first private women's club, expect SoHo House vibes
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Early Moxie renderings courtesy of Don Peadon at Peadon Finein
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New venture: Moxie, a women's social, coworking and wellness club, will open in early 2027. It’s located in the former Ben & Jerry's building in Eastover.
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“Charlotte lacks a premium, work-enabled social club designed for modern women,” founder MC Williams told me.
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Think Intown Golf Club meets SoHo House — but exclusively for women.
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Previously, MC worked as a journalist at The New York Times before opening a gallery and shared creative space in San Francisco.
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Layout: The 2-floor, members-only club will span 5,200 square feet.
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First floor – cafĂ©, market, retail, and event space (think trunk shows).
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Second floor – coworking, conference rooms, podcast studio, and wellness suites.
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Price check: Membership will likely be capped at 250. Prices start at a $1,500 initiation and a $150/mo fee.
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Status: Lease is signed, early floor plan is complete, and MC is wrapping up the final round of seed investors.
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Tiny take: I’m bullish given the success of Intown, The Grove, Switchyards, and 8-year country club waitlists.
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PRESENTED BY SPRINGDALE
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With 157 new residents moving here each day, Springdale Custom Builders expands housing supply
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Custom build in Dilworth by Springdale Custom Builders
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Growth: Every day, 157 new residents are moving to Charlotte – and demand for thoughtfully built, custom homes continues to rise.
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Local design-build firm Springdale Custom Builders is helping meet that demand.
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From fully custom new construction to expansive renovations, the team builds with long-term value in mind.
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Make the move: Springdale’s move-in ready homes offer design-forward living without the wait. Explore available homes and learn more.
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MAKING THE JUMP
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24-year-old quits $74K job at Bank of America to build Charlotte apartment finder
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Cam Miller giving an apartment tour to 13,500 TikTok followers
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New venture: 6 months ago, my friend Cam Miller quit his banking job. Now he’s on track to hit $240,000 in revenue this year helping people find apartments.
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How it works: Cam runs social media handles across TikTok, Instagram, and YouTube with nearly 20,000 apartment-hunting followers.
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Apartment complexes pay a flat monthly retainer (e.g., $500/mo) for 2-4 videos per month highlighting their floor plans and amenities.
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"I was making $6K/mo working nights and weekends," Cam told me. "Now my goal is $30K/mo by year-end."
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Early insight: "I noticed a big disconnect," Cam told me. "Renters want to see apartments on TikTok and Instagram, but apartments have no social presence."
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Vision:Â Cam plans to build tools that allow him to go head-to-head against behemoth Apartments.com.
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MONEY TALKS
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32-year-old marketer making $97K pivots to consulting, regrets $3,020 South End apartment
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Yunta, this marketer’s No. 1 spot where she orders $18 Nigiri
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Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.
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Living situation: “I live alone with my dog in a 2BR/2BA in South End. Rent is $3,020/mo.”
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Regret: “Don't be like me. Don't choose an apartment or home that's at the very top of your budget. You'll thank me later!”
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Salary journey: “When I moved into my current apartment 3 years ago, I was making $120K/year in tech. I've now gone through 2 layoffs in the past 3 years.”
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Bet on yourself: “3 months ago, I decided to start a marketing consultancy. I made $7K my first month but only made about $1.5K in my second month.”
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On your mind: “Not knowing what my income will be each month. Stressful! And discouraging. But I try to stay positive, give myself grace, and focus on all the great things happening!”
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Windy path: “I'm a career pivoter. I'm currently in my 3rd career. When I switched from teaching to marketing, I increased my salary by 83%.”
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Side hustles: “Yes. Babysitting which pays around $25/hr and tutoring which can pay up to $70/hr.”
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Favorite expense: “Drybar membership. It's $90/mo for 2 blowouts!”
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Rich in Charlotte: “If you’re single, I’d say anyone making over $200K/year.”
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Full story: 32-year-old entrepreneur with $150K nest egg would be “THRILLED” with $150K/yr
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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Edit Sale offers 80% off designer brands like Ulla Johnson, Gucci, and Valentino. 1 shared dressing room, so be smart with underwear.
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Ace No. 3 launches $9.50 bacon, egg, and cheese sandwich. Only at their Uptown pick-up window, for now.
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Christmas lighting business for sale asking $249K. Revenue $357K. Cash flow $99K. Owner works "less than 1 hour per week.”
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Guard and Grace releases renderings of 10th-floor rooftop steakhouse in South End. Creekstone Prime 16oz Ribeye runs $115.
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Modern Zen Retreat asks $3.9M after price cut. Perched on 10 secluded acres on top of Paris Mountain in Greenville, SC.
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HOUSEKEEPING
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Midwood Smokehouse rolls out new $17 Cheesesteak and testing $52 Texas Tray
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Midwood’s new Texas Tray, available only at their Plaza Midwood spot
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Texas Tray: 1/2 rack of ribs, 8oz mixed Prime brisket, 2 jalapeño cheddar sausages, 3oz of house pickles, 3oz of pickled red onion, 3oz of pickled jalapeño, 2 pieces of Texas toast, and 2 large sides.
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New Cheesesteak: Sales are popping on Midwood’s Brisket Cheesesteak, so they’ve added a tasty $17 Smoked Chicken Cheesesteak to the menu.
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Happy Thursday! I’m taking all 3 kids to the friends and family preview party on Sunday at the new Harriet’s Hamburgers in Plaza Midwood.
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– Ted
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MONEY POLL
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Best burger in Charlotte right now?
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Last week’s poll results: Are the costs of raising a child "out of control" in Charlotte? (12,929 subscribers)
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