He did not want to lose his business. Cancro used the money to buy Mike's, making him a business owner at the age of 17. . History. After six months, one guy came back, after a year, another came back. After a cordial divorce, they remain, friends, today. Cancro was the co-founder of the famous American sandwich chain Jersey Mikes Subs, which has over 1,500 locations in the United States. Originally from New Jersey, Cancro now lives in Point Pleasant Beach. Thats what were about at Jersey Mikes. He prides himself on giving back and each March Jersey Mike's hosts their "Day of Giving" and donates 100% of sales to local charities with about $5 to $7 million being donated each year. Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. A native of the shore town of Point Pleasant, New Jersey, Mr.. ", It was one of the scariest moments of his career. It ended up taking Cancro a decade to pay back the loan, but he did so with interest. Peter Cancro is a CEO, . Peter Cancro bought the original Jersey Mike's Subs on the Jersey Shore in 1975 and grew the business to nearly 1,600 stores across the country. Mike Peter Cancro married his first wife Linda at just 17 years old, shortly after buying his first business. Peter Cancro started working in Mikes Subs in Point Pleasant, N.J., just at the age of fourteen, the same place where his brother used to work. Peter Cancro - Net Worth The primary source of Peter Cancro's money comes from the business that he started. The Jersey Mikes Franchise has 2,034 locations open and under development with three locations in Queensland, Australia, and two in Ontario, Canada. Don Benjamin Net Worth in 2023, Bio, Lifestyle, Age, Career, Dan Schneider Net Worth in 2023, Movies, Wife, Height, Career, Noel Deyzel Height, Weight, Net Worth, Age, Birthday, Wiki, Dakota James Height, Weight, Net Worth, Age, Birthday, Wiki, Spencer Elden Net Worth in 2023, Marital Status, Bio, Age. There are more than 1500 Jersey Mikes Subs locations today. After 43 years of work, Jersey Mikes plans to double its number of locations over the next five years. I get right in their with them." He played football, lifeguarded in the summers, and enjoyed working with a team making sub sandwiches at Mike's Subs, a popular coastal destination founded in 1956, a year after Mcdonalds started on the opposite end of the country. He is one of the billionaires of the World. The differentiator between a successful franchise owner and an unsuccessful one is energy. Why would Smith loan that much money to an 17-year-old kid? The awards and recognition came from several leading industry publications, including: Peter Cancro has been married twice and divorced once in his 63-years of life. https://www.youtube.com/watch?v=ayfg0bR7kqI&ab_channel=JerseyMike%27s, Peter Cancro on Taking Stock on Bloomberg TV (https://www.youtube.com/watch?v=ayfg0bR7kqI&ab_channel=JerseyMike%27s), https://www.youtube.com/watch?v=QSniElVN8bI&ab_channel=TheJedburghPodcast, Building a $3 billion franchise l Jersey Mikes CEO Peter Cancro (https://www.youtube.com/watch?v=QSniElVN8bI&ab_channel=TheJedburghPodcast). The tradition comes from the time one of his mentors, Bob Hoffman, an 85-year-old ice cream store owner, walked into Cancro's shop and put an ice cream cake on the counter that said, "Congrats Peter." Jersey Mike's Net Worth - Is Jersey Mike's Profitable? As per the Celebrity Net Worth, Peter Cancro has a net worth of about $400 million. In 1968 at age 14, Peter Cancro of Point Pleasant Beach, New Jersey, took a part-time job at Mike's Submarines, a neighborhood sandwich shop in the adjacent borough of Point Pleasant, at 1009 Trenton Avenue.The eatery, founded in 1956, was only a few blocks west of Point Pleasant Beach High School, and then on its third owner. Peter Cancro Education Peter Cancro finished their High School education with Good Grades. His favorite management question: "What do you think? "It's difficult to describe what I'm looking for," he wrote. He says he went $2 million into the hole, but never declared bankruptcy. Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. Your email address will not be published. After he bought his beloved sub shop, Cancro opened up a few more local stores and paid off his loan to Smith. Keepupradio Net Worth: How Rich Is The Actor Actually? Under his leadership as the CEO, the company continues to grow and open new locations all across the United States. Peter started it all from a single sandwich shop that he started working for while in high school. In an effort to preserve the authenticity of the original store, he changed the name of Jersey Subs. "We've done it since 1975," said Cancro. And you never know, sometimes, you break tackles.". Peter Cancro is a famous American entrepreneur and businessman who has a net worth of $400 million. He started working there when he was 14 years old and stayed there until he graduated high school. It was the girl from Peters youth whom he planned to marry as soon as he received his high school graduation. To survive, he had to lay off six people, including his own brother John. Peter Cancro Theo Paphitis Net Worth Theo Paphitis. Required fields are marked *. A franchise was the best option for him in 1987. Peter Cancro Real Estate. Required fields are marked *. According to Jersey Mikes CEO Peter Cancro, the 8th Annual Month of Giving was the most successful one yet because of the cooperation of wonderful customers, workers, franchise owners, and charity partners.. Now, he is the CEO and owner of the shop. But if you really mean it, you can get a lot of insight from people. As a businessman, Cancro has been recognized numerous times for his success in growing his business, Jersey Mikes Subs. Jersey Mikes currently has locations in 45 states and territories, and growth has been relatively slow but steady. He'll tell you: "Well, I showed up every day for the last 43 years. Lastly, when it comes to revenue and assets, Cancro and his wife Tatiana own a four-bedroom apartment in SoHo for $15.68 million. Cancro makes a hamburger analogy to summarize his point. Thus all his hard work and struggle paid off. An American businessman named Peter Cancro currently has a net worth of more than $400 million USD. All of their bread, meats, and cheeses are prepared the same day, which ensures maximum freshness. Peter Cancro has been the CEO of Jersey Mike's for 43 years. Peter and his wife worked together in the company and launched new outlets of the company. Customers may order their meal "Mike's Way," which involves such condiments as sliced onions, tomatoes, salt, shredded lettuce, and a juice combining red wine vinegar and olive oil. In 2021 only, Jersey Mikes annual Month of Giving campaign raised more than $15 million. According to multiple sources, Peter Cancro net worth is $400 million. The entrepreneur spent the next few years building on the cult-like following that Mike's Subs already enjoyed. He also got nominated for the PepsiCo Foodservice. Prior to Tatiana, Cancro was married to his former wife and business partner, Linda Cancro with whom he opened up a few outlets of Jersey Mikes Sub. He managed to buy his first store for 125,000 dollars. Coffee Meets Net Worth: How Rich Is The CEO Of Online Dating Actually? He has been married twice and divorced once during his 64 years. Tags: Peter Cancro Peter Cancro net worth CEO Millionaire The Richest Celebrity Net Worth According to reports, Peter Cancro's net worth currently stands at an impressive $600 million dollars, making him one of the wealthiest people in the food industry. He opened the company up to franchising in 1987 and changed the name to Jersey Mikes.IN 1991, there were 30 stores spanning the Jersey Shore, East Tennessee and Cincinnati. Peter Cancro is a CEO, . Peter Cancro was born on May 15th, 1957, in Point Pleasant, New Jersey. How does a company rebound from the brink of bankruptcy and grow to a billion in sales? Fast forward to 2018 and Jersey Mike's does a billion dollars in annual sales with 1400 locations in 45 states. Peter Cancro was known as the 4th owner of a submarine sandwich chain named Jersey Mike's Subs and US famous businessman and entrepreneur with a net worth of $400 million. He told the boss at the time, Lookit, I know my brother will work hard, even though Im not sure how bright he is, Cancro remembered in a recent interview. He started working at In order to survive this huge loss, Cancro had to lay off six people including his own brother, John Cancro, eventually having to work more than 100 hours every week himself. A sub fundraiser was sponsored by Jersey Mikes this year, raising $361,533 for food banks in the regions affected by Hurricanes Irma and Harvey. The submarine sandwich restaurant has won the award for the fastest growing franchise concept in America for the last four years in a row. Rhett Mclaughlin Net Worth: How Rich Is The Developer Actually? As a teenager, Cancro went to Point Pleasant High School, graduating in 1975. Photo Source: Jersey Mike's Subs, Twitter. Lets take a look at Peter Cancro net worth, bio, age, height, weight, wife, kids, marital status, career, earnings, and more. Peter's mother suggested that he buy it. He is one of the famous American entrepreneur and businessperson who has a net worth of around $2.8 billion dollar. Cancro and his wife Tatiana own a four-bedroom apartment in SoHo for $15.68 million. The Jersey Mike's Franchise has 2,034 locations open and under development with three locations in Queensland, Australia, and two in Ontario, Canada. Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. He had a good high school education as well. After almost 20 years of marriage, they had two children, Robert and Caroline. Jersey Mike's founder Peter Cancro. He was born on 15 May 1957 in United States. With the help of the football coach, also a banker, Peter Cancro bought the shop for 125 thousand dollars. Not long after graduating from high school, Cancro wed his first wife, Linda. In its sandwiches, Jersey Mikes Subs prides itself on using high-quality ingredients. In 47 states, Mike Jersey closes 1600 stores. Peters first wife and her husbands divorce doesnt reveal the details like the reason or the date of their separation, but they seem to have ended their relationship on good terms. Peter actually had plans to attend college and pursue a degree in law; however, that changed. He's shooting for 2,000 Jersey Mike's by 2020. An American businessman named Peter Cancro currently has a net worth of more than $400 million USD. After days getting nowhere he eventually knocked on the door of his football coach Rod Smith. New Yorkers and North Shore people would come down, Cancro said. Mary Cosby net worth: How Rich is Actor Actually? Jersey Mike's founder Peter Cancro. Now there are 1,551 restaurants stretching from Connecticut to Utah, with an astounding 266 of those in California alone and 47 states, Mike Jersey closes 1600 stores. Back then, loans were done a hand shake and a belief in people.. He is a citizen of the United States. Approx. For all his efforts and hard work, Peter has amassed a pretty substantial fortune. Jersey Mikes finally began to grown again in 1994, in North Carolina of all places. The company has approximately 1,600 locations, with gross revenue of about $2 billion per year. He has one brother named John Cancro. He got married to Linda Cancro in 1975 after buying his first company and has two children. Tyla Yaweh Net Worth: How Rich Is The Rapper Actually? Shenseea Net Worth : How Rich Is The Singer Actually? And in 2011, Jersey Mike's Subs started the unique concept of donating 100% of its sales, not just the profits, to local charities every March as Day of Giving. He heeded her advice, and with the aid of a high school football coach named Rod Smith who was also a banker, managed to pull together $125,000 in a matter of days. But, as is typical when a company invests in growth too fast, expenses can scale faster, too. In any case, John Cancro is the brother of Peter Cancro. Peter Cancro stayed dedicated to finding love despite the fact that his first marriage ended in divorce. The activities of Peter Cancros career are Entrepreneur and Businessman,YouTube Personality. It won't be wrong to say Peter Cancro and his beloved wife, Tatiana Voevodina Cancro, are a match made in heaven considering their love to run business and their commitment to philanthropy. Peter Cancro Cars. His first job was at Mikes Submarines, a sandwich shop where he worked at 14 years old. (Jersey Mike's) Peter Cancro suffered from no evident youthful indecision where career choice was concerned. Cancro used the funds to pay the $125,000 purchase price for the ownership. If you continue to use this site we will assume that you are happy with it. Every year in March, he celebrates the giving day and donate the 100% of sales to different charity groups. Peter Cancro earned a maximum of his money from Jersey Mikes Subs business. Submarine sandwiches are his favorite food. When the shop went up for sale in 1971, Cancro's mother encouraged him to purchase it. He recognized the growth potential of the jersey. John Cancro is his younger brother. The couple also had two children together, through Peter Cancros first marriage to Linda Cancro. In addition to changing the name, he also renamed the chain Jersey Mikes. Jersey Mike's Subs - Wikipedia. Peter Cancro was growing up in Point Pleasant, New Jersey, in 1971.At the age of 14 he joins Mike Subs and starts working there. Patty Mayo Net Worth in 2023, Life, Age, Wife, Bio , Gene Goodenough Net Worth in 2023, Age, Wiki, Wife, Busniess, Scott Peterson Net Worth in 2023, Age, Wife, Trial, Murder, Katy Hearn Net Worth in 2023, Bio, Lifestyle, Age, Husband, Vybz Kartel Net Worth in 2023, Age, Wife, Height, Songs, Album, Silvia Caballol Age, Birthday, Wikipedia, Who, Nationality, Biography. Among Cancros expansion plans were a few new locations, but the company had a difficult time accelerating its growth and a franchise was the best option for him in 1987. Since the restaurant opened in 1957, he was the fourth owner. Peter observed customers arriving at the end of the summer to have a number of large subs wrapped for delivery to homes across the country. When I asked him if he had any more insight as to what this trait is, he said it's a realness, a genuineness, that seeks to raise people up. Find valuable information and get inspired with our archive that covers rich people, celebrities, inspirational personalities, success stories, net worths, richest lists, self-development lessons, and much more. As of 2022, Jersey Mike's net worth may be in the range of 5-15 billion USD. But if Subway is bigger, Cancro believes hes better. Cancro spent his childhood in the same neighborhood and attended the local grade school, middle school, and high school in Point Pleasant, New Jersey. At the age of 14, Peter Cancro made up to 1.75 dollars a day. And a major part of the income came from his company Jersey Mike's Franchise Systems Inc. We probably sold more subs than anyone in the world.. In 1987, Peter started franchising the business across the country and also changed the chain's name from Mike's Submarine to Jersey Mike's. Linus Sebastian Net Worth: How Rich is The Canadian YouTuber Actually? Originally from New Jersey, Cancro now lives in Point Pleasant Beach. Peter, however, enjoys working behind the counter, interacting with customers, and chatting with them. By driving the company to thousands of US branches, however, he rose to the top of the business field. Peter Cancro is an American entrepreneur and businessman who has a net worth of $600 million. Save my name, email, and website in this browser for the next time I comment. The place where he was born was home to him as a child. Cancro turned his love for working at that single sandwich shop into an empire with more than 1500 locations across the country. They wanted $125,000. Within a three-year period, Cancro was able to hire everyone back. A legend holds that Peter skipped school the following week in order to raise enough money to buy out the brothers. Because its what he lives for, he thinks its one of the main reasons Jersey Mikes keeps growing and improving. For promotion or advertisement, please mail us at, How Trevor Chapman Made Millions with the Simplest of Ideas. Several years ago, I lifted up my head and realized, whoa, we're doing well." Peter Cancro Net Worth: How Rich Is Peter Cancro? He spent 13 years as a Gibson is an American singer and Tv Actor who is most known for his repertoire of R&B music as well Tyler Jamal Brown, best known by his stage name Tyla Yaweh, is a rapper, singer, and songwriter from the United Teejay Witherspoon, also known by his stage as Teejayx6, is a rapper from Detroit who is 19 years old. Peter Cancro still serves as the CEO of the company. Peter Cancros sandwich chain is spread in more than 2000 locations in the United States. He is also the owner who took Jersey Mikes national when he began franchising in 1987. During his senior year of high school Peter found out that the shops' owners, two brothers, were looking to sell. In March 1975 on a cold night, Peter Cancro knocked on his high school football coachs front door in Point Pleasant Beach, It was just after 9 p.m. on a Sunday, but Cancro felt this couldnt wait. Luck seems to be on his side as within three years of the recession, he managed to rise again and hire back all the staff he had fired back then. With the net worth of $300 Million, Peter Cancro is the #1599 richest person on earth all the time in our database. Cancro told me 65-70% of current franchise owners are adding another store to their portfolio. ", 5. The most famous achievements of Peter Cancro include co-founding Jersey Mikes Subs with more than 1,500 locations throughout the United States. Stay tuned and connected to Celeb$fortune for more content from the entertainment and business world. His childhood was spent in New Jersey, United States, where he was born on May 15, 1957. 14, Peter Cancro earned a maximum of his money from Jersey Mikes to. 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