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By Ted Williams |
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Hello Thursday. I’m back! I didn’t know it was possible, but Sea Island may be a more expensive vacation than Blackberry Farm. Whew.
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After a long day of dominating my children in boogie boarding, I ordered a Tropicalia draft IPA and tequila drink from the Beach Club bar — total was $37.
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In return, I made sure the entire family went to The Cloister’s solarium at 3pm each day for the free freshly baked cookies and lemonade located by the bird cages. Crushed it. Anyways.
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1 of 3 heated pools at Sea Island's Beach Club, 5 hours from Charlotte
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đź’ĽÂ Hot job:Â Director of Tennis at Foxcroft Hills. 11 private acres. 9-year non-resident waitlist with $12,500 initiation fee. Work with tennis junkie and startup whisperer Chris Halligan.
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🎢 Log boat: Carowinds invests roughly $20M in new Rip’ Roaring Falls log boat ride. World's tallest 100-foot "Mega Drop" that'll send you 50 mph. Opens next year.
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🧑‍🍳 Shout-out: Frank Scibelli for hitting the 15-year milestone at Midwood Smokehouse! He's sold over 2.7M pounds of brisket and 468K racks of ribs.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
7,419 |
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Nasdaq |
26,021 |
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BULLISH
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Zamindar’s Club House opens in South End, lights $23 Tandoor Chicken Tikka on fire tableside
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Lahsooni Oysters with garlic butter, bread crumbs, cheese, chives
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Now open: Zamindar’s Club House, a chic Indian restaurant, opened last week in South End’s former Link & Pin space.
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Tiny take: It’s legit. Proprietor David Pandoria spared no expense in the upfit (it's gorgeous) and recruited Michelin award-winning Chef Vamshi Adi from New York City.
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Instructions: I tried 9 of their most popular dishes. My favorites👇
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Reservations:Â Releasing weekly spots on Resy. 100% booked, except for the new inventory just added.
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PRESENTED BY WINESTORE
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Winestore releasing $49.99 Summer Box, celebrates 20 years in Charlotte
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Prototype of Winestore’s new Summer Box, modeled after their hit Holiday Box
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Inside scoop: Next month, Winestore will debut a new 6-bottle Summer Box. It’s $49.99. Commence pool party-maxxing!
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Happy birthday: "It's been 20 years and we're still laser-focused on low prices," owner Matt Hartley told me. "Even if we don't carry it, we'll order it and guarantee the lowest price."
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Ted’s reds: Go with their best-selling $29.99 T. Solomon Pinot Noir. I just bought 6 bottles. “This may be the best sub-$40 Pinot Noir you ever try,” says Matt.
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FRANCHISE LAUNCH
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41-year-old couple invests over $90K in kids’ franchise, debuts with full “Venture Van"
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Danni and Drew Chalfant, owners of the HAWKs franchise’s NC territories
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Concept: HAWKs (Hiking Adventures With Kids) is a private equity-backed franchise offering outdoor day camps and after-school adventures for kids.
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Parents pay about $20 per hour for a day camp. Weekly options start at $425.
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"We've seen first-hand the transformative power of the outdoors on our children," says Drew, who’s a lawyer by day.
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Investment: $90K to $129K in startup costs. $30K franchise fee. 7.5% royalty. There's no brick-and-mortar location, just “Venture Vans” to transport kids.
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Hot start: Danni leads field operations. She started HAWKs camps the day after CMS let out.
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"We had a full Venture Van load of kids on the trail with us for both of our opening days!!”
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Drew told me that there's a clear path to $1M in annual revenue, just in Lake Norman.
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Growth: "We've already gone back to HAWKs and secured the territory rights for most of North Charlotte," says Drew.
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MONEY TALKS
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37-year-old business owner making $450K plans youth soccer scholarship
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Chicken sandwich at Yafo, this owner’s No. 1 favorite spot
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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: “Own. Purchased last year. $1.1M with $350K down. Our rate is 6.25%, so we’re just waiting for rates to drop and refinance.”
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Salary journey: “$55K at auto body shop, $110K medical device sales, and now $450K as a healthcare business owner.”
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Fatherhood: “I’ve got 1 kid and another on the way. Becoming a dad was the best moment of my life. I'd love to retire while my kids are in high school. My goal is $8M.”
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Net worth: “Roughly $3.9M. Pretty amazing considering most of it was generated in the last 5 years since starting our own business.”
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Best money decision: “Purchasing a condo in Optimist Park. Paid $74K. Sold it for $193K.”
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Philanthropy: “I plan on starting a youth soccer scholarship program. I grew up playing soccer. I keep hearing about how unaffordable it is for many families.”
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Rich in Charlotte: “$5M in the bank and a paid-off house.”
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Full story: 37-year-old ends up with 2 rental properties throwing off $4,600
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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Ardente opens in former Capishe space on Morehead. Carbonara pasta runs $16 and Roman-style pizzas start at $13.
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Myers Park 8-unit condo building on Bromley Rd asks $1.9M. All units are 1 bedroom and updated in 2016.
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Both parents working at least 40 hours per week hits record high. 52% of U.S. families. Daycare costs spike.
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Mid-century modern home near Strawberry Hill asks $1.8M. 4 beds. 5 baths. Palm Springs vibes. $195K over Zestimate.
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Japanese fusion restaurant named LILA opens in former Haymaker space in Uptown. Lounge at night.
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HOUSEKEEPING
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Rada knocked my socks off with $24 fagottini, $52 pork chop, and $22 martini
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Rada's trending $24 Fagottini Pasta with shrimp and chive
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Worth it: Rada, run by young dudes, Chef Callan Buckles and Eloy Roy, continues to be the most unique restaurant in Charlotte.
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Date night order: Start with Rada’s famous $22 San Sebastian martini, then split their $18 beef tartare, $23 clams, $24 fagottini, and $52 pork chop.
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Power rankings: Best dirty martinis in Charlotte, ranked👇
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Happy Thursday! I just booked summer trips to The Swag and Cataloochee Ranch. If you’ve been, reply back with travel tips. Or send me “must-try” dirty martinis that you think I missed!
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– Ted
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MONEY POLL
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Best luxury resort within driving distance of Charlotte?
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Last week’s poll results: Will couples choosing to be childfree become more or less popular over the next decade? (14,159 subscribers)
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More Popular – 77%
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Less Popular – 23%
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