Embracing the Wisdom of Endurance and Learning from Mistakes

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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