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

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 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey 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 Support our Sponsors Fort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: X: 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  The FORT is produced by Johnny Podcasts