For more information, visitjerseymikes.comor follow us on Facebook (facebook.com/jerseymikes), Instagram (instagram.com/jerseymikes), and Twitter (twitter.com/jerseymikes.com). As I said, we hit the thousandth store and I said, No. Everything negative that happened came over me. Before you sign the lease, youve got to know what its going to cost. Is President Trump a loner? In each episode, I speak with trailblazers who have earned success through a dedication to talent development, preparation, introspection and the drive to get things done. We had our head down, we were working non-stop, growing and giving to the owners and all as a team, and sooner or later, we stepped back and evaluated. I met her for four minutes and I knew. During tough times and problems, you can sit with a legal pad and try and work it out and ascertain, What should I do? "I would like to extend a personal invitation to you and your family to visit Jersey Mike's Subs throughout the month of March, and especially on Day of Giving when 100 percent of sales every penny goes to help a great local cause," said Peter Cancro, Jersey Mike's founder and CEO, who started the company when he was only 17 years old. Can you talk a little bit about the transition in your mind as the owner and the founder from a small business to a medium business, to a large business? Its not that easy. She was very confident and she had the energy. Were on the business. (LeFrak was the other.). I picked up the book, Pizza Tiger and read that. Now, Jersey Mikes has over 2,000 stores across the globe and is closing in on over $2 billion in annual sales. You referenced it a couple of times in the Coach Rod Smith Ownership Program. It was that Sunday night, so a week later and he said, We can do something, and he did. 20 Things You Didn't Know about Jersey. Its a whole team thing. Its part of what I saw and received as an athlete. Just Youve spoken in the past about Tom Monaghan and him serving as a mentor. Your subs are good. That was second to the people, to the giving in the community. WebFormer Union representative at NYPD Retired. Hes the founder of Jersey Mikes Subs, which now has over 1,000 franchises. They had to be able to shoot, move and communicate. He remains by Trumps side day and night, at times pushing aside reporters and protestors. Hats off to Mr. Hoffman and Mr. Baker for what they showed me. Years back, we put a wreath on every tomb in Arlington Cemetery. It was an honor and I try to live up to it every single day. How would you describe your leadership style and how do you approach your interaction with all facets of the company because you have the corporate entity, but then you have the owners and the employees of the actual stores? I called people up and go to talk with them. I was a Financial Advisor at Merrill Lynch and we met at your office and you told me that the company had not yet hit its hyper-growth phase. Weve evolved as a business and rapidly changing. Its like, You know what to do. Its the training and teaching them to make sure that its here too, that they dont fall off. I want to ask you and take it back to something that was very important to the Jedburghs back in World War II. WebPeter Cancro (age 64) is listed at 9705 Collins Ave Apt 2303n Bal Harbour, Fl 33154 and has no political party affiliation. Can you talk a bit about that initiative? Thats critical. Why? Passion for giving in Jersey Mike's local communities is reflected in its mission statement "Givingmaking a difference in someone's life." These leaders would be assessed using a specific set of character traits, but selected using the whole man concept, a combination of traits needed to simply get things done and win, no matter the challenge. You win a game, whats the next game? We buttoned the chinstrap, we got in the game every day and went after it. Were motivated and still more enthused than ever to go after it. I rolled the dice and I said, Ill put everything on the table. We paid for the retrofits. The quality of being honest, having strong moral principles and to do whats right when no one is looking, is I believe how youve built yourself, how youve built this organization. We were there. Coach Smith, he gives you the money, he backs you, youre seventeen, you show up on day one and youre the boss, now what? We like to call it the power of the sub sandwich. Thats so cool that all the owners get it. Mr. Cancro, the founder and chief executive officer of Jersey Mikes Franchise Systems, is a graduate of Point Pleasant Beach High School. When you look at this, how do you stay grounded? You didnt check all these boxes. We just did it. I laugh when you said that a little bit because on that Day of Giving, March 31st, 2021, the last Wednesday of March, every single store participates, but it is not a requirement. Thats our business. Where are you going? Youve got to work with them. Thats what we saw. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. Her brother, Bud Thorne, was killed in the Battle of the Bulge. Based in West Palm Beach, Newsmax is close by Mar-a-Lago, where Ruddy became a frequent guest. A gentleman, Tom Monaghan, the Founder of Dominos Pizza, whos on our advisory group. What are you doing after this? I challenge them to see where their lives are and that, Youve got a future here. 104. It was the original store at fifteen seats, and all takeout. Peter was named to the 2021 Power List by Nations Restaurant News. Whats the program and how are you selecting these individuals? But Lorber considers himself to be a man of the people who believes super wealth doesnt stand in the way of relating to the masses. I said, This doesnt sound right, and its funny how different companies went and got in trouble because they got the money. Initially, we had three weeks training and they were going to open a store and now, its almost three months. Where can we make an impact in peoples lives and make a difference? It was unbelievable the outpouring of America to our stores to help contribute to the food banks. If youve had to work for it like most of these guys, it helps you understand." Martin Luther King Jr., A Testament of Hope: The Essential Writings and Speeches, Got a tip? How did you get through that? His work has appeared in Washingtonian, The Washington Post, Politico, L.A. Times, Yahoo News, NBC4.com, and Mens Health. Peter has built Jersey Mikes on a culture of giving and a commitment to its people investing over $150 million back into its store owners to update and modernize. Youve got to know exactly what its going to cost. Youve got to know about the grease trap. You hear about millions and millions served. How can you tell them to give away all their product? Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. Well go to one charity next year to Special Olympics. "Philanthropy has Were here to serve our customers and it trickles down if you will, that whole mentality, that attitude of putting others first before yourself. We had to not do it. Everybody helping each other rise up, if you will. I was standing in a little 400 square foot office, at Jersey Mikes store alone and I was saying, Lord, here I am. They have to pay it back. The campaign culminates with the nationwide event, Day of Giving, on Wednesday, March 29, when local Jersey Mike's owners and operators will donate their resources and every single dollar that comes in to local charities. It was a tough time, 91. Peter Cancro has been working as a Chief Executive Officer at Jersey Mike's Subs for 52 years. He is a white, non hispanic male registered to vote in For our giving, a lot of businesses youll see are getting involved in charities and giving a portion of their sales, theyre like, Were going to give so much. It seems cause-related marketing is what the experts will tell you, you should be doing. Can you talk about that conversation? Is 2023 the Year Looted Art Returns Home? We sent them subs and cookies. What would you say youve taken away from him in addition to what youve mentioned? We went down and through the years, weve been involved, I dont know how many years now, but it was pretty cool. #Heroes4Health Unite: Be an Americares COVID-19 Hero takes place at 1 p.m. Monday via Zoom. They said, Let me have, then a number. I saw lines that were miles long and I said, Weve got to do something. We were the first to integrate with Uber and DoorDash, meaning take the iPad off the wall and it goes right into our system. At that time, I was an MBA student and so obviously I knew everything about business and I was like, This is insane. We may earn commission from links on this page, but we only recommend products we back. Americares Chief Medical Officer Dr. Julie Varughese will join Goldwyn during the 30-minute online event to energize and encourage volunteers to virtually influence friends and family to spread positive messaging about mask-wearing, physical distancing and hand-washing. Thats the motto. He went off with a doctorate degree and started delivering pizzas for Dominos. If they have their own attorney looking at the lease, that attorney may not know what to look for. It could be a small little charity Ive never heard of. We drive the real estate. Today, Jersey Mikes has over 2000 stores across the globe and is closing in on over $2 billion in annual sales. You cannot double 1,000 stores in five years and get there and then go from $1 billion to $2 billion in five years. I thought about it and I was looking at you through the course of this meeting and there was no hesitation in your voice, but sheer confidence in your eyes. Dont do this, dont market, but I went in the complete opposite direction that everyone said we should go. Everybodys got the money, but who understands? It was only ten people on the roster total. I went to see this gentleman that was going to love it and he wanted to back me 100%, but then said he wanted to be a 50/50 partner. All of a sudden, the banking environment in the Northeast was the worst hit, and around the country. Code name Jedburghs three-man teams parachuted behind enemy lines onto the shores of occupied France during the nighttime hours before D-Day. Let me have the Cancro Special. We put it up on the menu, but it didnt sell enough, so its not about me. Im sure they give you a little look when you say, Let me have a Cancro Special.. Thats what you tell the kids. Its incredible service and support, but it has to be. I started having that and people would come in and say, Let me have that Peter sub. Thats the way it is and I say, I started when I was fourteen, sprinkling, wrapping, like you and what youre doing. This March, Jersey Mike's hopes to exceed last year's record-breaking national fundraising total of $20 million and help local charities striving to fulfill their missions and make a difference. I would look at this thing and Id be off the wall. When the New York Times asked Trump for a list of his buddies, Lorber was one of two. How do we be real behind the counter? When I think about what you do, I think about Jersey Mikes and how you approach everything. Everybody loves Jersey Mikes. We guide through the process of reviewing a lease, signing a lease, construction training. I always had different choices of subs and provolone, roast beef, which is USDA choice top rounds, its the best, and then a little pepperoni. A whole sub is like, This is unbelievable. Everything thats rung up goes to that local charity. You can see it right online. Ive got to tell you where it comes from. The return is unprecedented in the industry. This is a carousel. You meet up with one investor who wants a piece of the equity. I closed on March 31st of my senior year in high school. Rudy. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. When I think about you, I think about some of the core characteristics that define success. As Ive said often, its starting to grow. WebIn 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 We look at the thousands of applicants that come in and we choose quite a few winners and we give money towards their cause. You talked about bringing new people in. Its funny how I pick it up and I have a moment. In 2019 Cancro took the unprecedented step of paying for the latest round of restaurant remodels, around $75,000 per restaurant. You run fast and you have a lot of people following you. Contact: Kyle Potvin, kpotvin@splashllc.com, 917-838-4500, View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-13th-annual-month-of-giving-in-march-301757134.html, https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-13th-annual-month-of-giving-in-march-301757134.html, Petrobras Payout Rewards Investors Who Ignored Lula Risk, Record retail theft puts pressure on Australian supermarket giants, UPDATE 1-Australia's Nitro Software recommends $360 mln Potentia offer, Defence contractors target Australia as it gears up to counter China, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. Lines and paragraphs break automatically. Peter, this has been an amazing and impactful conversation. Peter Cancro could be the poster child for the concept of doing well by doing good. The president might be big on glad-handing and back-slapping, but once the party's over, he goes back to his own bed. For more info and to register, go to www.greenwichlibrary.org. In the White House at 6 p.m., hes happy to be alone in the private quarters eating a burger and watching TV news, says a Republican lobbyist who represents some of Trumps corporate insiders. Its going to be so touching, and no ones doing what were doing, sending a message like that. I always say, Where did you go to high school? They look at you a little funny. Were the most affordable, but youve got to figure it out. Jersey Mikes mission statement is giving making a difference in someones life, and its motto is raising up together.. Lorber and Trump's friendship goes back 30 years in the New York real estate game. That includes fundraisers held throughout March, the chains Month of Giving, including a Day of Giving in which 100% of sales go to charity, but it also includes a mentality of teamwork with franchisees. Wreaths Across America. We track the sites. I said, Were going to talk about pulling people along, about putting others first before ourselves, but were going to talk about our giving culture. Peter said so. At some point, that becomes detrimental to the organization and inhibits growth, but you havent experienced that. Thats great, weve done this and achieved that. NEPTUNE - Jersey Mike's founder Peter Cancro and his wife Tatiana have given a $10 million gift to the Hackensack Meridian Health Foundation. People see through that, How are you? Sometimes when I go into business, I go, Why are you talking to me like that? Be genuine, be real. Another fellow, unfortunately, his child committed suicide, so he got involved in education and awareness for that. I got the look and the girl turned around and there was a board behind. Thats why we never said a word about our giving for decades. In 1943, the Allied Forces determined a new type of leader was required to win World War II. Thats how we go forward. 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