I have written about many startups in this entrepreneurial state, including Dealer.com, arguably Vermont's most successful homegrown company. Jersey Mike's Subs will donate 20% of its sales Nov. 21 and 22 to Feeding America, to help address an increased need for food assistance during the ongoing coronavirus pandemic. He is also the owner who took Jersey Mike’s … More than 1,500 locations open … He got his start at a local mom and pop sandwich shop called Mike's Subs in Point Pleasant, New Jersey… Earlier this year, Jersey Mike’s launched the Coach Rod Smith Ownership Program, an investment model that will give managers or assistant managers the track to ownership who cannot get a loan on their own. Subs are prepared Mike's Way with onions, lettuce, tomatoes, oil, vinegar and spices. You may opt-out by. Peter Cancro has been the CEO of Jersey Mike's for 43 years. Get the complete list of Jersey Mikes franchise owners. Jersey Mike's is facing backlash after the chain made glib comments on Twitter about someone bringing guns into sandwich shops. When Peter was just seventeen years old, his football coach gave him a loan that would allow him to buy the sub shop in Point Pleasant, NJ where he had worked since he was fourteen. “It got really busy, crazy in the summer. No chain pizza, chicken or taco restaurants, either. Terms & Conditions. Jersey Mike’s finally began to grown again in 1994, in North Carolina of all places. More than 2,000 locations open and … maybe they moved, but it wasnt there for more than 2 or 3 years, iirc. From its beginnings as the brainchild of a young group of friends who moved to Vermont together in the 1990s, this digital marketing company for car dealers grew to sell for nearly a billion dollars. “After six months, one guy came back, after a year, another came back. But if Subway is bigger, Cancro believes he’s better. About those names: Blame Jersey Mike's founder and CEO. “We put everything back into the business that we earned, just to grow.”. Jersey Mike's Subs store in Costa Mesa, California. It started back in 1956, in this actual storefront location and was originally called Mike's Subs. “Unfortunately we had to lay off the five or six people I had working with me,” Cancro said. I was one of the first customers today, Grand Opening, in a nice new location. But he had seen how well Jersey Mike’s was doing, and felt confident about the future. Mike Sorrentino's holiday season has gotten a little more special… and sober. General Manager salaries at Jersey Mike's can range from $23,875 - $65,716. “He told the boss at the time, ‘Lookit, I know my brother will work hard, even though I’m not sure how bright he is,’” Cancro remembered in a recent interview. Jersey Mike's is set to fill the former Buckeye Philly Steaks storefront at 1421 Coshocton Ave. "5 years clean & Sober Today! S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Jersey Mike's Subs makes a Sub Above - fresh sliced, authentic Northeast-American style sub sandwiches on fresh baked bread. Peter Cancro became the the fourth owner in 1975 of Jersey Mike’s Subs, founded in 1956 on the Jersey Shore. About those names: Blame Jersey Mike's founder and CEO. Opinions expressed by Forbes Contributors are their own. Offers may be subject to change without notice. As Jersey Mike’s closes in on 1,600 stores in 47 states, the company achieved $1 billion in revenue and expects to surpass $2 billion in a little over two years, with 2,000 restaurants by the end of 2020. Cancro was 14 years old in 1971 when he followed his brother into a job at the original Jersey Mike’s in Point Pleasant, New Jersey. Powered and implemented by Interactive Data Managed Solutions. This organization is not BBB accredited. Description: Jersey Mike's Subs makes a Sub Above - fresh sliced, authentic Northeast-American style sub sandwiches on fresh baked bread. Jersey Mikes Subs. Market data provided by Interactive Data. Jersey Mike's Subs Owner Operators earn $73,000 annually, or $35 per hour, which is 20% higher than the national average for all Owner Operators at $60,000 annually and 10% higher than the national salary average for all working Americans. This estimate is based upon 1 Jersey Mike's Owner Operator salary report(s) provided by employees or estimated based upon statistical methods. What the remaining plaintiffs have planned remains uncertain. People are threatening to boycott the sandwich chain. Restaurants in Cincinnati, OH. All Rights Reserved, This is a BETA experience. Whenever you walk into a Jersey Mike’s sub shop in Long Beach, you’re walking into one man’s proof of the American dream. The Jersey Mikes sub shop closest to me is NOW OPEN at the Monroe Parkway North on the border of … It's free! The staff members were very attentive and personalities were just AWESOME." Cancro makes a hamburger analogy to summarize his point. Subs are prepared Mike's Way® with onions, lettuce, tomatoes, oil, vinegar and spices. Peter Cancro back in the day on the Jersey Shore. Here Are His Priceless Leadership Tips From Four Decades of Growth Peter Cancro of Jersey Mike's Subs is … The end of March marked Cancro’s 44thyear owning the business. The staff was excited and ready to sling the subs! The headquarters is in Manasquan, New Jersey and now at the center of my world. When Peter was just seventeen years old, his football coach gave him a loan that would allow him to buy the sub shop in Point Pleasant, NJ where he had worked since he was fourteen. My interview process was not expected. The Pandemic Took Sales To Zero. 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