Chris Hellgeth 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
Links:
Chris on X: https://twitter.com/gas_biz
'Fuel for Thought' Newsletter: https://gasbizguy.beehiiv.com/subscribe
Topics:
00:00:00 - Intro
00:00:40 - The family gas business and Chris’ early life
00:07:37 - How is money made in gas stations?
00:11:03 - The perfect site for a gas station
00:12:46 - What is ‘great service’ in gas stations?
00:16:21 - What are the anchor products in the shop?
00:21:48 - Buying 25% of the family business
00:23:50 - The economics of check cashing
00:26:36 - Growing the business
00:33:18 - Making mistakes
00:40:55 - The light at the end of the tunnel
00:50:30 - How do you flip a gas station?
00:53:11 - Selling the business
01:01:55 - Gas station crime
01:04:25 - The trucking business
01:06:44 - Management philosophies
01:07:48 - Running a great trucking company
01:10:13 - The gasoline supply chain
01:11:10 - What do you see as disruptive to the gas station industry?
01:16:21 - Environmental processes
01:18:31 - The video poker industry
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