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By Ted Williams |
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Hello Thursday. I teed it up at Roaring Gap yesterday. Spectacular. Old school. Top 5 golf course in North Carolina.
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At just 6,307 yards from the back tees, Roaring Gap isn’t long. But the greens are lightning fast. Every approach shot makes you think.
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I’m working on a definitive ranking of the top golf courses across our state. The NC Golf Panel is a little sus and I don’t fully trust Golf Digest.
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As a self-proclaimed LinkedIn Influencer, I’m wondering if Roaring Gap is interested in providing me a complimentary membership. I’ll email the GM today. Anyways.
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My topless golf cart on hole 17 with views of Pilot Mountain
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đź’ĽÂ Hot Job:Â Chief Marketing Officer at Blumenthal Arts. Revenue around $50M per year. Reports directly to CEO. Unlimited tickets. 3% match. $125 per month work-balance stipend.
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🏠For sale: Historic Asheville Tudor asks $8.7M. Same builder as the Biltmore House. 9 acres. Owned by the Vanderbilts. First time on the market in 50 years.
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🧑‍🍳 Shout-out: Andres Kaifer, chef-owner of Customshop, for announcing plans to open a new American restaurant named Roe & Olivia’s in LoSo. Opening in December.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
7,676 |
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Nasdaq |
26,130 |
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ANONYMOUS
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Tech exec shares why he enrolled his 5-year-old at $45K Alpha School kindergarten
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Inside Alpha School’s temporary North Charlotte location
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Now open: Alpha School, an AI-powered K-12 private school, recently opened a location in Charlotte. Welcomed 30 founding families.
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Why Alpha School?
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"It’s their whole philosophy. Individualized curriculum and life skills just make sense to me.”
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"For example, my kindergartener's life skills workshop for this next 6-week session is navigating an airport. She's learning how to pack a suitcase, go through security, buy a snack, and so on.”
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Did you evaluate private schools like Latin and Country Day?
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"Yes. We went through the process. Tough decision. Great schools with beautiful campuses, but ultimately, Alpha felt like an opportunity for my daughter to be part of Education 2.0, for lack of a better term.”
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How do you think about the $45,000 tuition price tag?
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"Ask any highly successful person, and they'll tell you the best investment is in yourself.”
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"And candidly, it’s not that different in price compared to other big private schools once you factor in lunch, transportation, after-school care, etc. Alpha is all-inclusive."
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Reaction from friends and co-workers?
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"Tons of intrigue and curiosity!”
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"There has been a lot of misleading headlines about Alpha, such as no teachers and tons of screen time. But the deeper you dig, the more sense their approach makes."
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PRESENTED BY CRAFTWORK
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Craftwork has painted over 1,500 homes across Charlotte, their biggest sale starts now
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Only a few months left for ideal exterior painting conditions
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Most painting companies are brokers – you meet the salesperson once before a rotating crew of subcontractors shows up to paint your home.
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Solution: Craftwork, a modern painting company, led by my friends Suzanne, Mike, Joey, and Tim.
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Full-time crew. Trained on interior, exterior, and cabinetry.
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No back and forth. Regular updates in their fancy app.
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Trust. Over 1 in 3 customers hire them again.
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Labor Day: Average customer saves $1,520 during this sale. Request an estimate for your painting project to claim 20% off! Limited exterior spots remain.
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REAL ESTATE
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New Airbnb golf trip compound named "The Aviary" books $245,434 in 6 days
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The Aviary golf retreat compound, located in Pinehurst, NC
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Now open: The Aviary features 3 houses. Each has its own private simulator lounge, pool, sauna, hot tub, fire pit, two greens, and shoreline access to a spring-fed private pond. Total investment $4.3M.
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Price check: Each house rents for about $1,500 per night, or you can buy out the entire compound for around $3,500 per night.
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Owners: Birdie Houses is a real estate startup focused on purpose-driven retreats at golf destinations. They've got 4 total properties and have raised $2.3M to date.
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"Our 2 stabilized properties averaged 22% unlevered yield in their first year," CEO and HBS grad Tom Evans told me. "Business is profitable, but we're considering raising money to accelerate growth.”
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Strategy: "Open a single house to test demand, and then double down on markets that support increased density with a larger Aviary-style development."
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Insight: "Airbnb takes 16% off the top. It's very hard to drive strong results through the OTAs. That's why our audience of 5M on social is such a big advantage. 90% of our bookings are direct."
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Big idea: "Houses are just the beginning. We're growing in the golf trip lifecycle — tee times, transportation, chefs, massages, pre-trip outfitting, etc. We're well poised to build the town square for the golf trip obsessed."
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MONEY TALKS
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42-year-old doctors making a combined $875K build $4.9M net worth avoiding "lifestyle bloat"
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Bento Box from Yunta, this doctor couple’s No. 1 restaurant
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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. We bought our house 10 years ago. It's in a neighborhood we always knew would be a long-term place. 30-year fixed rate at 2.9%, so we are hoping to be in our home for the long haul!”
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Job: “My wife and I are both doctors. Our combined income is around $875,000, including base salary and bonuses.”
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Salary journey: “We were barely making minimum wage when we met as residents. Our first year out of training, our combined income was $470K.”
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Family: “Two children under the age of 8. We have a full-time nanny that saves us from pickups, so we can focus on work in the afternoon.”
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Big expense: “Private school tuition. I grew up in an underfunded school system in Western North Carolina, so I'm grateful to provide our kids with stable educational opportunities.”
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Financial goal: “Donate at least $100K each year to causes dear to our hearts. And volunteer more using our medical experience.”
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Rich in Charlotte: “Anywhere from $3M to $5M net worth.”
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Full story: Doctor couple builds $4.9M net worth, opts for DIY “boring index fund” portfolio over financial advisor
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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Grey's Diner releases $40 per year "Dining Club Membership" that includes unlimited drip coffee, free t-shirt, and $10 Eggs Your Way plates.
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PR agency near Asheville for sale asking $1.2M. Relocatable. $975K revenue. $410K cash flow. 19 clients on monthly retainers.
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Another Nine golf simulator club plans 12 sites across Charlotte. Build-outs run about $550K. $288K revenue. $162K profit. 56% margins.
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The Goodyear House takes the Chiefs space next door. Opens Goodyear Bar today. Order the $17 Goopy Burger.
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Improper Pig offers kids-eat-free deal this week and next week. Monday through Thursday only. Ribs excluded.
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HOUSEKEEPING
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Rada named No. 1 best restaurant in Charlotte, debuts weekday "Burger Drops"
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Chef Callan peeking out of the Rada kitchen window
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Hot reservation: My friends at Axios published their annual restaurant rankings with Rada taking the No. 1 spot.
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Burger drops: Rada now offers 6 burgers each night, Monday through Wednesday. That’s it. Just 6. First come, first served.
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Happy Thursday! I'm taking my 5-year-old daughter to Good Food tonight for one last meal of $12 Truffle Fries, $18 Green Curry Mussels, and $17 Larry's Buns before it closes on Saturday. RIP.
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– Ted
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MONEY POLL
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Is private school worth it in Charlotte?
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Last week’s poll results: Will the Panthers make the playoffs this year? (14,542 subscribers)
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