Strictly Business on KSVY
We will talk about: 1) Your family has been at this for 105 years - surprised it has lasted so long?, secret to longevity of the business?, 2) You started as a ‘retail associate’ 24 years ago - what did that entail?, what did you learn? 3) 8 gas stations in Sonoma - which does the most business?, competition- stable over the years?, 4) Is ‘type or brand’ of gas interchangeable (from consumers’ perspective)?, 5) You ‘own’ the ‘western corridor’ (Arnold Drive) in Sonoma - ever want to add more stations?, more convenience stores?, could you separate the two from your brand name?, 6) What do drivers want from you?, has that changed over the years?, 7) The company started with food (before gas) and has returned to food - better margins than gas?, 8) Has wine been a meaningfully addition to sales growth?, 9) What percentage of buyers of gas also buy food?, ideal customer = buys gas then food?, 10) How long have you worked with Phillips 66 brand of gas? Would you ever change suppliers?, do suppliers frequently ’pitch’ you to change gas brands?, 11) You recently remodeled the Grove St. location - why?, 12) Which location does most business?, 13) Bigger cars (SUVs) = more sales volume?, more profitably?, 14) Have EVs cut significantly into your business?, 15) Which type of gas sells best (regular or premium)? does premium really make a difference in engine performance?, 16) Impact of rising gas prices on drivers (lower pump traffic)?, on you (thinner margins due to rising wholesale fuel prices)?, 17) Do you/can you pass on higher fuel prices directly to the consumer? 18) Gas prices don’t seem to go down as fast as they seem to rise (as a result of the Iran conflict)?, decline in gasoline and diesel prices has been half that of oil prices - why? a) domestic regular gasoline, peaked at $4.56 per gallon on May 20, has fallen by only 15.3%, to $3.86 b) Diesel prices peaked on April 8 at $5.68 per gallon and declined by 14.5% to $4.85 per gallon c) vs. 38% drop in price of price of West Texas Intermediate crude oil from an April 7 peak of $112.95 to $70.38 19) You owned the towing franchise in Sonoma for 49 years - why give it up?, 20) How is customer service defined in the retail fuel business (since customers pump their own gas)?, 21) Other issues you might want to discuss Guest URL: https://bonneaucountry.com/
125 episoder
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