His first job was at Mikes Submarines, a sandwich shop where he worked at 14 years old. Peter Cancro earned his fortune as the co-founder of Jersey Mike's Subs, an American submarine sandwich chain with more than 1,500 locations in the United States. 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. Cancro and his wife Tatiana own a four-bedroom apartment in SoHo for $15.68 million. By opening thousands of stores all over the United States, he reduced the unemployment problem. By driving the company to thousands of US branches, however, he rose to the top of the business field. "The banking environment went south. The company makes around 2 billion dollars in revenue every year.They donate up to 5 to 7 million dollars to charities. Peter Cancros son, Robert, oversees the Corporate Store Division for the company. That's what I want for our store teams today. He got his start at a local mom and pop sandwich shop called Mike's Subs in Point Pleasant, New Jersey, when he was 14 years old. 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. But if you really mean it, you can get a lot of insight from people. Cancro remembered a time when one of his role models, Bob Hoffman, an 85-year-old proprietor of an ice cream shop, dropped by his shop and put a Congrats, Peter ice cream cake on the counter. He enjoys the fact that his devoted customers order authentic sandwiches when they enter the store. They demanded One hundred twenty-five thousand dollars . 2021, Jersey Mikes generates around $2 billion in annual sales with 2,034 locations and has even won the award for the fastest growing franchise concept in America for the last four years in a row. "I learned by doing," says Jersey Mike's CEO,. Peter Cancro Net Worth: The American entrepreneur and businessman Peter Cancro is known for having co-founded Jersey Mikes Subs, a chain of submarine sandwich shops with over 1,500 stores across the country. broward health medical center human resources phone number . All Rights Reserved | View Non-AMP Version, Lyor Cohen Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More , Christopher Ilitch Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More, Jeff Bezos Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More, Joseph DePinto Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More, In 2013, he got the award of Entrepreneur of the year, In 2019, he got the award of silver plate in the Chain limited Category. Cancro expressed his gratitude to Bob Hoffman of Hoffmans Ice Cream and Jack Baker of Bakers Lobster Shanty for teaching him the value of giving selflessly to the Point Pleasant Beach community. Peter Cancro Cars. He took Jersey Mike national when he started his franchise in 1987. He had no money in the bank to offset this kind of unforeseen event.Cancro was in shock. The place where he was born was home to him as a child. He said, I think we can do something, and he did, Cancro said. I asked him when he walks into a store, what does he say or do to best inspire the owner and the staff behind the counter? "Sometimes entrepreneurs are not the best to have in the franchise business," he says, "You want someone who shows up every day, who will be present, gain ten yards, and move the chains. 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. He was a highly intelligent, confident, and ambitious young man. Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. In 2022, Jersey Mikes raised more than $6 million for more than 170 charities across the country. Wilco Nienaber Net Worth: How Rich Is The Golfer Actually? Although he was planning on attending law school, a thought crossed his mind. His charity has previously benefited Jersey Shore University Medical Centers HOPE Tower Project, Trauma Center, Transforming Care Campaign, sponsorship support for the medical centers Annual Golf Classics and Annual Foundation Gala events, and Hackensack Meridian Ocean Medical Centers emergency department expansion. Peter Cancro. If you ask Peter Cancro a typical career question such as "How did you do it?" Moreover, it has 1910 stores active in the United States. Cancros company has raised over $47 million for local charities including hospitals, youth organizations, food banks, and more through this campaign. All Rights Reserved, https://socialblade.com/youtube/user/jerseymikestv, https://www.forbes.com/search/?q=Peter%20Cancro&sh=1e4dc5bf279f, Married (married twice and once divorced). He married his first wife, Linda, just after high school. It was the worst recession of my life," said Cancro. His charity has previously benefited Jersey Shore University Medical Centers HOPE Tower Project, Trauma Center, Transforming Care Campaign, sponsorship support for the medical centers Annual Golf Classics and Annual Foundation Gala events, and Hackensack Meridian Ocean Medical Centers emergency department expansion. Peter Cancro was known as the 4th owner of a submarine sandwich chain named Jersey Mikes Subs and US famous businessman and entrepreneur with a net worth of $400 million. One hundred twenty-five thousand dollars was requested. (Jersey Mike's) Peter Cancro suffered from no evident youthful indecision where career choice was concerned. Yes, Jersey Mike's is profitable. Every year in March, he celebrates the giving day and donate the 100% of sales to different charity groups. As far as a house or property goes, there is a current listing in the New Jersey area. Peter Cancro was born in Not Known. Eventually, in 1987, he began franchising the business due to the large demand of the customers. Now, he is the CEO and owner of the shop. The differentiator between a successful franchise owner and an unsuccessful one is energy. In 1987 he decided that franchising was the way to go. Peter Cancro has always believed in the idea of giving back since the start of his business in the year 1974, the tradition which he learned from his mentor, Bob Hoffman of Hoffmans Ice Cream. All net worths are calculated using data drawn from public sources. There is not much to be found regarding any houses or real estate holdings to speak of from Peters original marriage to Linda. Cancro had been near the brink of bankruptcy, but he skirted it and hired his first employeback six months after the layoffs. From earning $1.75 an hour as a worker to making billions from the sandwich franchise, Cancro inspires everyone to work hard in order to get success. The Jersey Mike's Franchise has 2,034 locations open and under development with three locations in Queensland, Australia, and two in Ontario, Canada. Biography Timeline 1956 He had to see Rod Smiths wife, Janet, opened the door and ushered Cancro into the living room, where the coach was seated in his favorite armchair. Everyone is back with me now.. He remembered himself as a 17-year-old businessman walking down the high school hallway. Peter Cancro is an American entrepreneur and businessman who has a net worth of $400 million. Cancro makes a hamburger analogy to summarize his point. He was proud to know that his customers usually order an authentic sandwich at the store. Peter Cancro was born on May 15th, 1957, in Point Pleasant, New Jersey. Don Huffines net worth: The $40 Million Dallas Senator, Net Worth and massive wealth of Peter Cancro, Mariana Van Zeller Net Worth: Biography & Net income, Rick Shiels Net Worth: The Truth Behind His Income, Thach Nguyen Net Worth 2022: Eerly life with full biography, Kramer Hickok Net Worth: Biography, net income and Interesting Facts [2022], Yungeen Ace Net Worth: Income, Early life, and personal life [2023], Channing Crowder Net Worth: Biography and Income of a Former NFL player [2022], Val Kilmer Net Worth: How rich he was? Shenseea Net Worth : How Rich Is The Singer Actually? The most famous achievements of Peter Cancro include co-founding Jersey Mikes Subs with more than 1,500 locations throughout the United States. Originally from New Jersey, Cancro now lives in Point Pleasant Beach. Finally, he knocked on his football coachs door after trying for days without success. He confesses he's old-fashioned and that while he's a big fan of the entrepreneurial spirit, he doesn't overvalue the all-star. Cancro's number one productivity tip is toplay head coach. So, he quickly pivoted, and instead of becoming a lawyer, you chose to become a businessman instead. As a sign that Mikes Subs is based in New Jersey, he added the word Jersey to the front of the business in 1987. Something clicked, Cancro said, and a week later he was knocking on the door of a banker named Rod Smith, who was also Cancros youth football coach, after 9 p.m. on a Sunday night, declaring his intention to buy the business. Celeb$Fortune is a leading media and entertainment source as a fast-growing information hub. He became well-known in 2017 after putting his debut EP on Subcarbon Records into the top 10 of the electronic album chart on iTunes. Customers would gets their subs wrapped to travel, taking them out West, to South America and London, according to Cancro. 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. Leadership Thought Leaders This Entrepreneur Borrowed $125,000 as a Teen, Then Used It to Build the $1 Billion Jersey Mike's Brand Peter Cancro was just 17 when he bought the sandwich shop. Thats what were about at Jersey Mikes. From earning $1.75 an hour as a worker to making billions from the sandwich franchise, Cancro inspires everyone to work hard in order to get success. Slim Thug Net Worth: How Rich Is The Rapper Actually? In a short time, Peter Cancro was able to make 35 shops in 1991 andhe faced bankruptcy. Before he make any concrete plans for college, he heard that the current owner of the Mikes Sub Shop was looking to sell. An American businessman named Peter Cancro currently has a net worth of more than $400 million USD. Tatiana is much younger than Peter, as she is just 47-years old. He's shooting for 2,000 Jersey Mike's by 2020. Cancro is from Point Pleasant Beach, New Jersey. Also See: How Trevor Chapman Made Millions with the Simplest of Ideas. There are more than 1500 locations in 47 states, and the number of locations is constantly growing. The couple got divorced after ten years of marriage. Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. The couple separated after 20 years of marriage. At the age of 14. 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. Why would Smith loan that much money to an 17-year-old kid? Total Peter Cancro Net Worth in 2021 - $1 Million - $5 Million (Approx.) 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