#340 - Building a $100M Gasoline Empire - Chris Hellgeth aka Gas Biz Guy - Owner @ Vi-Mac

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 Support our Sponsors Fort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: Twitter: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO