Franchise Influencers: Peter Cancro, Founder and CEO, Jersey Mikes

Peter Cancro

Founder & CEO

Peter Cancro is the founder and Chief Executive Officer of Jersey Mike’s Franchise Systems, Inc., a fast-casual sub sandwich franchise, with more than 2,300 locations nationwide. Peter, a ’75 graduate of Point Pleasant Beach High School where he was captain of the football team and class president, began his business career in 1971. His first job was at a place called Mike’s Subs. In 1975, at the age of 17, in March of his senior year in high school, he gave up a potential college football career to buy that sub shop. Peter credits Rod Smith, his football coach and area banker, with making it all possible.

About Jersey Mike's: In 1987, Cancro changed the name of the original Mike’s to “Jersey Mike’s” and began his national expansion. Today, Jersey Mike’s ranks #4 on Entrepreneur’s 2022 Franchise 500, the company’s fourth year on the Franchise 500 top 10 list. One of the secrets to Peter’s success is his philosophy of “giving.” Charities, hospitals, school systems and numerous individuals have benefited from his support more than ever will be known. It’s a philosophy that he has emphasized to each and every Jersey Mike’s franchise owner: support the community that supports you. 

An example of this giving spirit is Jersey Mike’s Annual “Month of Giving” in March. Jersey Mike’s national fundraiser culminates on “Day of Giving,” the last Wednesday of March, when Jersey Mike’s franchise owners donate 100% of the day’s sales—not just profit—to local charities across the country.  Since Month of Giving began in 2011, Jersey Mike’s has raised more than $67 million for local charities.

Total Locations (if franchise): 2,300+

Investment Range: $144,668–$786,233

Franchise Website: https://www.jerseymikes.com/franchise