Peter Cancro
Coverage of Peter Cancro in the Nexus archive.
- The Pete behind Jersey Mike’s was only 17 years old when he borrowed $125,000 to buy the chain—with some help from his high school football coach
Peter Cancro borrowed $125,000 at age 17 to buy a small sandwich shop that later became Jersey Mike’s, a national chain with 4,000 locations. With help from his high school football coach, who provided the loan, Cancro transformed the business into a franchise worth $8 billion ahead of its IPO, making him a billionaire.
- 4 takeaways from Jersey Mike's IPO filing, from a $41 million jet to plans to quadruple stores
Jersey Mike's is preparing for an IPO with plans to expand its store count to 7,500 in the US and 15,000 globally, including 300 stores in Canada and 300 in the UK and Ireland. The company spent $41 million on a jet for founder Peter Cancro and highlights its protein-forward menu catering to dietary trends.
- CEO of Jersey Mike’s American dream: turning NJ sandwich shop from high-school job into 3,500-location behemoth
Peter Cancro, founder of Jersey Mike's, began managing the original sub shop while still a senior in high school and expanded it into a 3,500-location chain. The article highlights his journey from a high-school job to building a major business.