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By Ted Williams |
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Hello Thursday. Last weekend, I paid $265 for my family of 5 to visit Tweetsie Railroad!
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It’s probably just a matter of time before private equity buys out the 70-year-old North Carolina mountain attraction.
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Let's assume Tweetsie welcomes 4,000 visitors each of the 75 days it's open at an average price of $55. That's $16.5M in annual revenue. Choo choo!
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The 30-acre park is run by 72-year-old, 3rd-generation leader Chris Robbins. He previously developed nearby Hounds Ear and Elk River.
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Should we do a Tiny Money hostile Tweetsie takeover?! Invest $20M in CapEx. Open year-round. New coaster for teenagers. Implement dynamic pricing. Anyways.
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Tweetsie’s Bullwhip ride, which almost made me throw up
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đź’ĽÂ Hot Job:Â Director of Customer Success at Viva ($110K – $130K). Remote. Bootstrapped pet food startup doing $10M. Co-founder and Duke grad Zach Ao. No. 48 on Inc. 5000 list.
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🏠For sale: Dilworth mid-century ranch asks $2.1M. 4 beds. 4 baths. 3,659 square feet on .42 acres. Koi pond! $166K under Zestimate.
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👨 Shout-out: Tom Gabbard, CEO of Blumenthal Arts, who's retiring after a helluva 23-year run. $50M annual revenue. Exec comp package $750K, so expect a lot of job applicants.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
7,724 |
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Nasdaq |
26,363 |
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TRAVEL
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The Swag starts at $900 per night for No. 1 rustic luxury NC mountain getaway
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The Swag main house, 2 hours 45 minutes from Charlotte
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With our 2 older kids at summer camp and our 5-year-old at her grandparents for a few nights, my wife and I booked a 2-night trip to The Swag.
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Basics: All-inclusive. Except for booze. Rate includes daily meals, crazy amount of snacks, and expert-led activities. Relais & Chateaux property. Set on 250 acres.
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Booking: 2-night minimum. Only 18 accommodations. Each is unique. Each has its own name. 11 rooms at the house and lodge. 7 cabins and cottages.
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Owners: 39-year-old couple David and Annie Colquitt purchased the property in 2018. Met at Princeton. Live in Knoxville.
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Invested tens of millions of dollars into property upgrades. Blackberry Farm and High Hampton rustic luxury feel.
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Annie is part of the Haslam Family, who’s total estimated total net worth is around $15B.
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Tiny tips: Grab a cocktail and enjoy the tasty hors d’oeuvres spread before the 6:30pm dinner bell. Take an Instagram pic at their spacious Lookout Hot Tub with 50-mile mountain views.
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Full story: The Swag pricing breakdown and 16-photo tour of the luxury property
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PRESENTED BY TOCCARE
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Book an award-winning facial at Toccare Skin Spa in Dilworth
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Toccare in Dilworth, the No. 1 Best Facial in Charlotte
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Best facial: My wife and her friends are absolutely obsessed with Toccare, IYKYK.
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The award-winning Dilworth skin spa sees more than 1,000 clients each month.
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Known for its focus on clean beauty and individualized treatments.
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Book it: Their popular Toccare Ritual Facial runs $145. Use code TINY30 for a $30 credit toward your first service!
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NOW OPEN
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Vibey walk-up taco stand opens to rave reviews in Plaza Midwood
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La Vecina near Mood & Brew
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Now open: La Vecina quietly opened with limited hours a few days ago in Plaza Midwood.
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Layout: Open-air wraparound patio with walk-up counter for grabbing tacos and margs. Beautiful design touches. No inside space.
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Menu: Mount Rushmore of La Vecina dishes to wash down with their $12 signature margarita 👇
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What’s next: Weekend DJs and breakfast tacos coming soon.
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MONEY TALKS
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36-year-old insurtech marketer making $315K says $350/mo fitness coach “totally worth it”
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Brunch at Superica, this marketer’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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Job: “Marketing leader at insurance tech company. Base salary is $315,000. No bonus. Received large sum of stock options, worth $500K to $3M if company goes public.”
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Living situation: “Rent a one-bedroom apartment for $2,100 per month.”
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Debt: “100% debt-free as of 3 years ago. I had over $100K in debt. Then decided enough was enough. I worked 80 hours a week doing multiple jobs for 13 months.”
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Budgeting: “Every week. I also do a goal session with myself in early November to for the following year and 3-year plan. Money is only scary if you're not looking at it.”
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Splurge: “$250 Mother Jeans. I have an odd body shape and they fit me the best.”
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Knowledge: “I watched my mom manually budget each week. She would then have me reconcile her statements with a highlighter starting at 6 years old.”
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Rich in Charlotte: “Over $1M net worth and a paid-off house. For me personally, I'd feel financial freedom with $2M and retire my mom.”
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On your mind: “Housing is out of control expensive. I feel like I have to put down at least $250K for a down payment to afford the mortgage.”
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Full story: 36-year-old builds $490K net worth, aims to be millionaire by 40 and loves $1,100 Bassett couch
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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SouthPark getting pair of 19-story towers on 3.4 acres currently occupied by Rooster's building. Tallest in the neighborhood.
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Garden center near Asheville for sale asking $4.9M. Includes $2.2M in real estate and vehicles. Revenue $3.9M. Cash flow $830K.
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Kenna Kunijo now offers viral Japanese head spa treatment. $150 for the luxury 60-minute service.
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Maman opens its third Charlotte location in Eastover. PE-financed bakery invasion! About 60 locations. Well over $50M in revenue.
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SKIMS opens in SouthPark Mall. Kim Kardashian invasion! It’s the retailer’s first NC location. Across from Sephora.
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HOUSEKEEPING
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Mood House growing 27% YoY, hires CEO with plans for 2 more Charlotte locations
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Mood House CEO Lizzy Sirkin and founder Cristina Wilson
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Growth: Popular massage studio Mood House hires Lizzy Sirkin as CEO, plans 2 more Charlotte locations.
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Growing 27% YoY. Voted "No. 1 Best Massage" in Charlotte in back-to-back years.
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Surpassed 2,250 massage members ($92/mo) across their Dilworth and Oakhurst locations.
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Backstory: I worked with both Cristina and Lizzy at the Charlotte Agenda, where they grew revenue from $120K to $2.3M while expanding margin to 49%. I'm so bullish that I'm their only outside investor!
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Happy Thursday! I'm heading to Customshop tonight with my wife. I'm ordering their $19 Hamachi, $16 Empanadas, and $28 Homemade Pasta — reply back with any other recs.
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– Ted
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PS – I’m eyeing rates at The Swag’s sister property, Cataloochee Ranch đź‘€
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MONEY POLL
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Parents only: How much did you spend in total on summer camps per child this year?
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Last week’s poll results: No. 1 most important factor for you when choosing a job? (14,394 subscribers)
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