Thats the big thing. Everybody felt it was strong. She talks about giving over yourself is when you find out about yourself. We got all the stores looking good and sharp. We set up the financing for them and with them. He wrote a book about the politics of gun law with Gabby Giffords and authored Why Bernie Sanders Matters, the only unauthorized biography of the Vermont senator. Maybe if youre born with it, it does, he told The Real Deal, the Manhattan real estate publication, with a dig at his buddy. Out there The YWCA Greenwich and over 30 community partners will celebrate the life of the Rev. There are hundreds of charities that we support and its all drawn from the heart. Hate is too great a burden to bear., the Rev. Thats how we go forward. Right away, I said, Youve got to hold onto your cash. One night, we had 1,000 people online going through the payroll protection where they had to figure it out page by page. When I think about you, I think about some of the core characteristics that define success. Since then Linda has become one of Trump's closest female friends. The deadline to submit photos is Friday, March 5. Youve got to guesstimate how many subs youre going to sell a day. The owner put the place up for sale and we all knew, but you know how businesses are when its for sale, its quiet. We see the progression, we see us getting to 300 stores a year, but most of the growth, 90% of it is from the existing owners. I see an unprecedented movement in our country, for that matter, around the world, where you could see in peoples eyes, theyre looking to serving one another. 2021 comes, an entrepreneur releases the Franchise 500 and Jersey Mikes gets ranked to number 7. Whether thats slicing meat, baking bread, opening the store, closing the store, even starting a new store and the application process and then everything that goes in. Ivanka trusted him to ensure Jared would return safely from his brazen trip to Iraq. I was standing in a little 400 square foot office, at Jersey Mikes store alone and I was saying, Lord, here I am. I have an aunt that was in a nursing home, so we made sure that we took care of her. Thats the culture that was there at Mikes. They see what local charity were supporting within store materials, but we dont push the people. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. We said, This is starting to grow.. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. We try and get involved in the community, make great products and great service. No one is allowed to introduce me to the customers as the owner. Where are you going? Location. We rose up and then we sent $2.5 million out to the owners to give to their local community. 100 Percent of Sales Fund Local Charities on March 29 "Day of Giving", MANASQUAN, N.J., Feb. 28, 2023 /PRNewswire/ --Hoping to raise a record-breaking amount for charity this March, Jersey Mike's Subs, known for its authentic fresh sliced/fresh grilled subs, asks customers to eat a sub and help a local cause. Another initiative that you have is the Sub Abover Grants, which has been described as extraordinary people making a difference in their communities. Whats going on? The parents are not wanting their kids to come in, but we made a safe environment. I talk a lot with people I work with about people, process and technology. Initially, we had three weeks training and they were going to open a store and now, its almost three months. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. Were not five years. It was a tough time, 91. What started off as 1 million free subs turned into 2 million founder, Peter Cancro said. I would love to. 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 raised enough money and we do it every year. You meet up with one investor who wants a piece of the equity. Peter Cancro (center), Founder & CEO, Jersey Mikes Franchise Systems, Inc., celebrates the companys 2022 Day of Giving at Jersey Mikes in Point Pleasant Beach. I knew they didnt have much money. Its comprehensive. In youth sports, I was captain of the teams and captain of this, I was the president of my class. Our growth for the next three years is going to be bigger and stronger than the last ten. We were the first to integrate with Uber and DoorDash, meaning take the iPad off the wall and it goes right into our system. The workers coming in are like, Whats happening? Youve got to work with them. Peter said so. At some point, that becomes detrimental to the organization and inhibits growth, but you havent experienced that. He wrote a book about the politics of gun law with Gabby Giffords, as well as Why Bernie Sanders Matters, the only unauthorized biography of the Vermont senator. North Carolina happened and they were on a boom, then we opened up and stores started growing. Dont do this, dont market, but I went in the complete opposite direction that everyone said we should go. All the Manzos, the Cancros, there were four Cancros that worked at the shop. We were focused. Do you get called out? You didnt check all these boxes. How have you thought through that evolution of the company? I sensed and knew that to make the subs a slice of fresh, theres a lot of training involved. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. I remember years ago, people would always come in the store and theyre like, Peter, where do you get your people? I heard about this and I wanted to be here. Its amazing, you could see it on our website, Wreaths Across America. I tell a lot of people that I work with companies, teams, and organizations that nobody cares what you did yesterday. Retracing the path of controversial Project Veritas founder James O'Keefe includes many stops in Connecticut. Based in West Palm Beach, Newsmax is close by Mar-a-Lago, where Ruddy became a frequent guest. Cancro was there to say hello and thank the employees for their hard work during the COVID-19 pandemic and for their dedication to giving to the community. The core of any good business and anything, a family, organization, team, businesses is good people. He went through this. Everything that happened to me, happened to him. Today, Jersey Mikes has over 2000 stores across the globe and is closing in on over $2 billion in annual sales. Contestants can create their best snow sculptures and submit a photo for an opportunity to win a prize from Greenwich Parks and Recreation. It was negative sales. Sales started to rise, and in 07, 08, the company turned around. This is what were going to do. Thats where it comes from. Before you sign the lease, youve got to know what its going to cost. Can you talk about those training programs and why are they so important to you and the business? Go and help these people and feed them.. We track the sites. Leadership is about getting people to do things because they wanted to, not because you told them. Everybody loves Jersey Mikes. Investment in people. No wonder the president asked his longtime buddy to chair his infrastructure operation, along with Steve Roth. Look at your community and nominate people that are doing incredible things. We were ahead and ready for this because of our investment two years prior. His work has appeared in Washingtonian magazine, The Washington Post, Politico, L.A. Times, Yahoo News, and Mens Health. 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? Thats how we got connected. Thats the way its seen. 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. What did you do with your life? Thats how we recruit and retain, but to go from a small company to a large, Ive got to tell you back and Ill say it again, we showed up every day. Ill be there in line. We help them with that go to these lenders. 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. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. Peter Cancro, CEO of Jersey Mikes Subs, in Houston during an October visit. 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. Everybodys got the money, but who understands? Thats what its about and thats the direction that people feel and hopefully get from our team. We went city to city and you would think that they would find out about it but for some reason, they didnt. Today, Jersey Mikes has over 2000 stores across the globe, and is closing in on over $2 billion in annual sales. I left that gentleman and I was back to ground zero and it was at the end of the week. Even the crews. She was very confident and she had the energy. Passion for giving in Jersey Mike's local communities is reflected in its mission statement "Givingmaking a difference in someone's life." Theyre going to say, Were giving 100%. The discussion will be moderated by Tiffany Donelson, president and CEO of Connecticut Health Foundation, with panelists Dr. Irene Blanco, associate dean in the Office of Diversity Enhancement at Albert Einstein College of Medicine; Dr. Juliet Mushi, OB/GYN and expert in maternal/fetal health at Yale School of Medicine; and Dr. Sten Vermund, dean and professor of public health and professor of pediatrics at Yale School of Medicine. Were going to go over $2 billion in sales. We just did it. In 1991, we were on a rise. Weve spoken a lot about the people. The grandson of Lebanese Christian immigrants, Barrack built a fortune from nothing and now manages $60 billion in assets with Colony Capital fund, much of it for Arab investors. Americares is also caring for patients at its primary care clinics in Colombia, Connecticut, El Salvador and India, and providing surge medical personnel in Peru to support health facilities overwhelmed by the pandemic. The president might be big on glad-handing and back-slapping, but once the party's over, he goes back to his own bed. If you think about the mission of Jersey Mikes, its right there on your homepage, Giving, making a difference in someones life. You talk about the culture of giving is as much a part of our heritage as oil and vinegar. Before Breitbart, before Bannon, there was Newsmax and Christopher Ruddy. 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? I want to ask you and take it back to something that was very important to the Jedburghs back in World War II. 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. They had to be able to shoot, move and communicate. If youre working with the old crew and its tough for them to maybe swallow, but it was a small nucleus of people. 20 Things You Didn't Know about Jersey. The annual event is free and open to the public. Can you talk about process development at Jersey Mikes and whos involved in that? Im just Peter, Im one of the workers. A critical thing in all businesses, small or large, is this equity dispersion and this equity distribution and a lot of people get this wrong. Email Susie Costaregni at [emailprotected], The Dish: Founder of Jersey Mikes drops by Riverside store, Motherlode: When teenagers blame parents for iPhone-ruined lives, Budget committee considers cuts to police spending, road paving, 2023 Hearst Media Services Connecticut, LLC, Bumpouts in Byram? Youd be surprised, they want to give some of their key people the opportunity. Id like to try and buy. Ive got two people demanding contracts. You go out to raise the capital. They want to grow and do the same thing. What we started with the Sub Abovers is going out and saying, You know people in your own community, what are they doing? They nominate the folks that they are impressed with. Youre a public company, thats not for you., The moves we took first were to cut the fees, so the owners, were with you. And more importantly, should tuition go toward supporting bars around the XL Center? It started to happen. He went off with a doctorate degree and started delivering pizzas for Dominos. https://www.mashed.com/149053/the-untold-truth-of-jersey-mikes Do we have another introvert in the White House? Peter, this has been an amazing and impactful conversation. If I could first start off with thank you for your service with the military and thanks for your service to our country. I could never start something. No. It doesnt matter how small, its always impactful. 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. This show is a conversation with prominent visionaries, drivers of change and those dedicated to winning. Months went by and we started getting out of it and seeing a difference and then everybody finally came back within 1 or 2 years, but it was a good long time I was flat-lined. We opened 210 stores in 2020 and were going to open 250 new stores in 2021. July 1980 - April 2000. Thats fine with me, but theyve got to run pretty fast. Youve got to know about the grease trap. The McMahons together donated $5 million to the Trump Foundation between 2007 and 2009; the Center for Responsive Politics reported that Linda herself contributed $6 million to Trumps presidential campaign. Thats how it started, thats how we got together. Were on the business. I get right behind the counter, talk to the kids and say, How is it going? I start cleaning the grill, Ill go in and clean the bathroom. You know what Im saying. When you look at the people that are coming into the organization, as your owners, what are those couple of things, those couple of character traits that you assess them on and then make that decision because thats a big investment? 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 Im sure they give you a little look when you say, Let me have a Cancro Special.. You thought about going public because there were economic indicators of a downturn. 1979 - 2000. 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. On a store level and thats where we always go. I said, I cant celebrate, but Ill be back for 2,000 stores and well celebrate then. Its funny how it seems a few years later, here we are at 2,000 stores probably by August of 2021. Thats always been the mentality and now were here to serve our owners. Many franchise companies dont do what we do. Thats what we look for and embrace and see. The right team assembled and kept working and slowly but surely, it started rising up. In 1971 at the age of only 17, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. Donalds wealthy acquaintances come and go, says a builder whos done deals with Trump, but Tom was always there.. Youve got to describe it too. I immediately said, No, and I wish I could tell you why, but instinctively I said, Im not going to do it. I tell that to all the young folks that were looking to back in their store with a new coach, Rod Smith Award, I say, Dont take a partner.. Its part of my life. He used his private equity firm, Cerberus Capital Management, to scoop up both Chrysler and GMC in 12 months, held them and sold them. You run fast and you have a lot of people following you. It was the original store at fifteen seats, and all takeout. We talked about bringing in top-quality people, but you have made some very deliberate and conscious decisions to invest in the best people in the organization and the up-and-coming leaders of the next generation of owners. Whats happening? Theyre going through tough times, individually or as a family. In 1991, you borrowed some money. You talked about having to lay everybody off. Theyre embracing their community from senior citizen homes to kids leagues, to first days at childrens hospital. He clearly craves attention, says Kozak, but even with that there seems to be a need to withdraw at least to a non-peopled form of solitude.. We found out, We probably should tell people what were doing because then people find out about it and then they want to be part of it. There are 2,000 stores at this point. Im pretty proud of our whole group, our owners, all the crews, the staff. Use Next and Previous buttons to navigate. As soon as I said it, now the owners are happy. Thats an investment in our owners. To date, Americares, a nonprofit disaster relief and global health organization, has provided 315 tons of critically needed supplies, including masks, gowns and disinfectants, to combat the spread of the coronavirus. I think about my time in the military and we trained for years, for minutes to hours of execution. He befriended Trump while negotiating the Plaza Hotel deal in the 1980s and cemented their friendship though the decades, so much so that Trump asked Barrack to run his inauguration. I had to lay off five people, including my brother because we were done. We went to three cities every week and nonstop. How do you ensure compliance across 2,000 stores? But a closer look at Trump's patterns and relationships reveal a man who seeks privacy. I go, Im not alone. Where their heart is drawn then thats the charity that they support. Charities include hospitals, youth organizations, food banks and more. She said, When are we going to open a store in Springfield, Mass? I said, When you open one. I looked right at her because I knew that I was going to go ahead with her and shes going to be one of the Coach Rod Smith Award recipients. WebPeter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography - Bloomberg Markets Connecting decision makers to a dynamic network of information, people and Start being yourself. I say that during the rush. Theres no need to recreate it. Its funny, you say from a small company, so in 75, it was one store. The owners unbelievably kicked in as well. Thanks, Fran. Peter was named to the 2021 Power List by Nations Restaurant News. This is our business. 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