The Fort - An Entrepreneurship Podcast
Business:Entrepreneurship
#340 - Chris Hellgeth aka Gas Biz Guy - Owner @ Vi-Mac - Building a $100M Gasoline Empire
2024-02-27
Chris, aka @Gas_biz, is the owner of Vi-Mac, Atlanta’s hometown gasoline transportation company, which services approximately 1000+ gas stations throughout the State of Georgia.
We discuss:
- The economics of the gas station business
- Chris’ career: the rise, the fall, and the comeback
- How to flip gas stations
- Where gas stations stand in an EV world
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Links:
Chris on X
'Fuel for Thought' Newsletter
Topics:
(00:00:00) - Intro
(00:01:54) - The family gas business and Chris’ early life
(00:08:41) - How is money made in gas stations?
(00:12:00) - The perfect site for a gas station
(00:14:13) - What is ‘great service’ in gas stations?
(00:17:13) - What are the anchor products in the shop?
(00:22:34) - Buying 25% of the family business
(00:24:33) - The economics of check cashing
(00:27:12) - Growing the business
(00:30:32) - Making mistakes
(00:41:13) - The light at the end of the tunnel
(00:50:20) - How do you flip a gas station?
(00:52:58) - Selling the business
(01:01:14) - Gas station crime
(01:03:51) - The trucking business
(01:05:48) - Management philosophies
(01:06:51) - Running a great trucking company
(01:09:14) - The gasoline supply chain
(01:10:09) - What do you see as disruptive to the gas station industry?
(01:15:15) - Environmental processes
(01:17:19) - The video poker industry
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