In fact, its easier to accomplish with most of the dining rooms closed, so remodeling is ahead of schedule. For questions, contact Erin O. Crosby at [emailprotected] or call 203-869-6501, Ext. I know they say were divided now, but I disagree. The next morning was a Monday morning and thats when I called the owner, I said, Whats going on? I closed on March 31st of my senior year in high school. Peter Cancro, CEO of Jersey Mikes Subs, in Houston during an October visit. What are you doing after this? I challenge them to see where their lives are and that, Youve got a future here. How can you tell them to give away all their product? For more information, visitjerseymikes.comor follow us on Facebook (facebook.com/jerseymikes), Instagram (instagram.com/jerseymikes), and Twitter (twitter.com/jerseymikes.com). Its coordinated to the timeframe to open the store. How did you get where you are now? I said, Do you really want to know? All of that helped us with a digital component, which you read about all the restaurants. Theyre going to say, Were giving 100%. They see that leadership and they say, Ive got to get on this train.. We guide through the process of reviewing a lease, signing a lease, construction training. To purchase the book a limited number of signed copies are available visit Dianes Books at www.dianesbooks.com. We want people who have the energy that fits our whole philosophy of giving. The deadline to submit photos is Friday, March 5. Since buying the original location of what became Jersey Mikes in Point Pleasant, N.J. in 1975, at the age of 17 thanks to a loan from his football coach Cancro has expanded the restaurant to more than 2,000 units open or in development. I can do it better. Thats truly inspirational as a leader, especially in such a large organization, for someone to come in and be able to do every job. How many breads are going to go out the door? Entrepreneur Magazine has ranked Jersey Mikes #7 in the 2021 Franchise 500 Ranking. When you celebrate the 2,000, for one day, will you take a step back before you start the drive to 3,000? Use Next and Previous buttons to navigate. What happens is you do it and people find out about it. The workers coming in are like, Whats happening? No one is allowed to introduce me to the customers as the owner. 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.. Jersey Mikes itself is no charity, however: Its one of the fastest growing chains in the country, having increased systemwide sales by nearly 17% in 2019, and leveraging its mostly takeout model to thrive during the pandemic. It started to happen. When you look at your team, thats hard to replicate. You talked about bringing new people in. 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. They challenged Trump in the Battle of the Billionaires, which he won and got to shave Vinces hair in the ring. How do you take a step back and say, Were going to get through this. Trumps public persona is brash and relentlessly social. The contest is open to Greenwich residents only. As I said, we hit the thousandth store and I said, No. Everything negative that happened came over me. All of a sudden, the banking environment in the Northeast was the worst hit, and around the country. Lines and paragraphs break automatically. Thats why we never said a word about our giving for decades. Sixteen years before Donald Trump debuted on The Apprentice, he jump-started his entertainment career at WWEs Wrestlemania IV. It was not an option. Cancro started Sales started to rise, and in 07, 08, the company turned around. Well go to one charity next year to Special Olympics. We were ahead and ready for this because of our investment two years prior. As you said, we got to 1,000 stores and I didnt want to celebrate. We had somebody going through it. The crew and them, they were into it. I said, This doesnt sound right, and its funny how different companies went and got in trouble because they got the money. I could hold them off for a week or so, and thats when I went out trying to raise the capital. What are you going to do differently now that COVID is here? No wonder the president asked his longtime buddy to chair his infrastructure operation, along with Steve Roth. Trump and LeFrak go way back, so far back they made their first fortunes in the same terrain: apartment buildings in the outskirts of Manhattan. Thats what we saw. When we hit that 2,000th store, were going back to the original store in Point Pleasant, which is now the training center. Lower the costs, make sure the business model works and we have one of the most impressive business models in the industry, as far as what it costs to open and then what we gross. I say, Did you play any sports? Hes the founder of Jersey Mikes Subs, which now has over 1,000 franchises. He remains by Trumps side day and night, at times pushing aside reporters and protestors. To me, youre someone who leads by example and weve seen the commercials. Weve got to keep proving it out every day. Are they looking for something in return? I met her for four minutes and I knew. They share a love of beauty contests. It was very effective. You know how to do every job in that store and you do it well. Martin Luther King Jr. by hosting a panel of experts for a Zoom discussion on Overcoming Racial Health Disparities: During and Beyond COVID-19 at 7 p.m. Thursday, Jan. 21. Location. The town reserves the right to use the photos in town media. During the month of March, customers can make donations through the Jersey Mike's mobile app or onsite. Do you get called out? We sent them subs and cookies. We were willing to help people that were out of jobs and work, and then we kept pushing. Everybody helping each other rise up, if you will. A whole sub is like, This is unbelievable. They want to come in and know you know what youre doing with municipality inspectors, with all these issues on the lease, the business terms. That is what I do when I go into a store. Peter, this has been an amazing and impactful conversation. Youve spoken in the past about Tom Monaghan and him serving as a mentor. Trumps public persona is brash and relentlessly social. Youve got to work with them. Im still fast, but Im messy, for the laugh and joke. When I think about you, I think about some of the core characteristics that define success. Process improvement requires iteration. It was impressive and we sit here in 2021. When the governor shut down the states, they thought everybody was shut down. As Ive said often, its starting to grow. When I think about what you do, I think about Jersey Mikes and how you approach everything. We say, Nothing. Were here to serve our customers and it trickles down if you will, that whole mentality, that attitude of putting others first before yourself. Thats $150 million. Is 2023 the Year Looted Art Returns Home? I first went out trying to raise the capital and I found out this is more difficult than I thought. We are proud to honor Mr. Cancro for his outstanding corporate and civic leadership, said Monmouth University President Paul R. Brown. I have to know, where did it come from? Barrack roused and inspired the crowd, as Trump had hoped, but he also described his longtime buddy as having the discipline of an animal in the jungle, a line only a true friend would have the stones to say. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. We care and show up every day. I go to some of the wealthy people that live in the neighboring towns and told them about what I was doing. In this episode, I spoke with Peter Cancro. They had to do three things every single day to be effective. To celebrate the company's 13th Annual Month of Giving fundraising campaign, Jersey Mike's locations across the country are joining forces with more than 200 local charities. 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. There are hundreds of charities that we support and its all drawn from the heart. Donald Trump greets Small Business Administration head Linda McMahon during an event celebrating Womens History Month last month. They leave their job, go to training and open up the store. Its always a learning process and Im the one that goes out every day and says, I want to learn. The core of any good business and anything, a family, organization, team, businesses is good people. Out there The YWCA Greenwich and over 30 community partners will celebrate the life of the Rev. Peter Cancro has been working as a Chief Executive Officer at Jersey Mike's Subs for 52 years. Ive got to get out there and do it. Somehow, we pulled it off and kept pushing harder than ever during that time. WebPeter Cancro (age 64) is listed at 9705 Collins Ave Apt 2303n Bal Harbour, Fl 33154 and has no political party affiliation. I want to talk about your leadership style because thats an important part of this story. Peter Cancro, founder and CEO of Jersey Mikes Subs, pays a visit to the Jersey Mikes in Riverside on Sunday, Jan 10. The owners unbelievably kicked in as well. Organizations will fail without transformative leaders. 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. Peter Cancro's 5 Key Lessons From Managing a Billion Dollar Franchise Corporation for 43 Years 1. The places Trump used to retreat to were his eponymous New York tower or Mar-a-Lago; now it's the White House and Mar-a-Lago. The restaurant joins Taco Bell and other big brands offering help Fox Business I saw lines that were miles long and I said, Weve got to do something. Today, Jersey Mikes has over 2000 stores across the globe and is closing in on over $2 billion in annual sales. Thats the movement that I feel weve started and we want to keep it going nationwide. It was an honor and I try to live up to it every single day. NEPTUNE - Jersey Mike's founder Peter Cancro and his wife Tatiana have given a $10 million gift to the Hackensack Meridian Health Foundation. Very simply, we work hard. 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. We dont say, Would you like to give? They see it and they want to give because they want to give. But beyond family, loyal staff, and cabinet secretaries, who does Trump turn to when he needs to vent or seek guidance? Thats the way it is and I say, I started when I was fourteen, sprinkling, wrapping, like you and what youre doing. Thats great, weve done this and achieved that. Thats when we broadcast that we were the first franchise company in America, in the history of franchising, to pay for all the retrofits. This feeds three people. The price of that, they think its expensive, but no. 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. What started off as 1 million free subs turned into 2 million founder, Peter Cancro said. Thats a tough decision. Thats what we do and were out in the suburbs, the soccer moms, middle-class income, but now coming in to more urban areas doing well also because people understand the value of our product. What would you say youve taken away from him in addition to what youve mentioned? 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 You came into the business as a very young man. The top ten, it says Taco Bell, Dunkin Donuts, UPS, Popeyes, Culvers, Kumon, Jersey Mikes at seven, Planet Fitness, 7-Eleven and Servpro. The technology component is interesting and amazing to hear that you were ahead of it by investing in that over the last couple of years and understanding the trends in the industry. This is our business. The training is cool. Thats what you tell the kids. That store, were going to call out a local charity and were going to run all day hard and give them money to make a difference.. In 2019 Cancro took the unprecedented step of paying for the latest round of restaurant remodels, around $75,000 per restaurant. You referenced it a couple of times in the Coach Rod Smith Ownership Program. Were not stealing their people. Take it, replicate it and do it again. Granted, that was how many years ago, but she said, He never came home for Christmas. If you relate that to these times, when she would say it to kids, He was a kid, he was a teenager and he never came home for Christmas, it doesnt matter if its many years ago, its still relevant. My speed increased tenfold. When Peter was just seventeen years old, his football coach gave him a loan that would allow him to buy the sub shop in Point Pleasant, NJ where he had worked since he was fourteen. An expert is, were open, so you sell a lot of stuff. Peter Cancro has been in the same business for nearly 50 years. You can use it as a benchmark, but its about what you do today to get to tomorrow that matters. If I could first start off with thank you for your service with the military and thanks for your service to our country. They say Dominos and Starbucks is a technology company, so are we. Can you talk about the communication structure that youve put in place with your owners for that feedback cycle so that youre constantly iterating and getting better? Its funny how I pick it up and I have a moment. Im pretty proud of our whole group, our owners, all the crews, the staff. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. They said, Let me have, then a number. Everything I talked about before putting others first, subservient, leadership by example, it stands out. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. Another initiative that you have is the Sub Abover Grants, which has been described as extraordinary people making a difference in their communities. This show is a conversation with prominent visionaries, drivers of change and those dedicated to winning. 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. Its a small town, Point Pleasant, an hour South of New York. Thats a good location. Ive got to tell you, Im announcing the Coach Rod Smith Sponsorship Award because my coach gave me a shot. People are starting to hear about that. They talk about these kids and it was funny in the 70s, they say, These kids today, you dont understand. The 80s, the 90s and still now, all these kids are great. You have a tremendous drive. The exact formula or science, as soon as you figure that out, the better. Peter Cancro Took Jersey Mike's From. Coach Smith, he gives you the money, he backs you, youre seventeen, you show up on day one and youre the boss, now what? One at a time were going through speed of service, about getting the product fresh, making sure its perfect and then sharing your life with the customer. We touched the core. Feeding America came and we got involved with that. We were perfectly set up for it. Jersey Mike's Subs Careers \u0026 Jobs - Zippia. We had so much development in North Carolina, the high-tech bubble burst in 02. Wreaths Across America is one of the many initiatives that you have, but a big one for veterans. Initially, we had three weeks training and they were going to open a store and now, its almost three months. Im just Peter, Im one of the workers. Its funny, were filming some commercials for it and the owners are going to be in it. Weve spoken a lot about the people. Its about $400,000. There were a couple of groups that wanted to do something, but they couldnt and I kept going. Its to see all those owners get it. I want to give you a shot. Hats off to Mr. Hoffman and Mr. Baker for what they showed me. As added incentive, special deals will be announced each week onTwitterand throughJersey Mike'semail club. Jersey Mike Has Collected More Than $28 Million For Charity Since 2010. Harry Jaffe has been a journalist in Washington, D.C. for three decades. Its nice to see, but one of the biggest challenges with training is compliance. Peter was named to the 2021 Power List by Nations Restaurant News. You operate under this value of put others first before yourself and you have different programs for different levels within the organization. As soon as I said it, now the owners are happy. North Carolina happened and they were on a boom, then we opened up and stores started growing. Its part of my life. Today, Jersey Mikes has over 2000 stores across the globe, and is closing in on over $2 billion in annual sales. I have decided to stick to love. We always advertised on sports. Please join us and make a difference this Wednesday, March 30, when 100 percent of sales from all Jersey Mikes Subs locations will be donated to help raise up these athletes. Peter discusses how his team maintains culture and excellence across all of their locations, the importance of giving back to the community and how Jersey Mike's has persevered through the COVID-19 pandemic.Follow Liz on Twitter:@LizClamanLearn more about your ad choices. Football has played a major role in the life of Peter Cancro, founder and chief executive of Jersey Mikes Subs, based in Manasquan, N.J. From Pop Warner leagues to playing for his high school team, the sport and the coaches he encountered taught him valuable lessons about teamwork and leadership and helped him pursue his I was standing in a little 400 square foot office, at Jersey Mikes store alone and I was saying, Lord, here I am. Out there The ninth annual Greenwich Snow Sculpture Contest sponsored by Greenwich Recreation and the Greenwich Arts Council will be open throughout the winter season. Its why youve had success. Im sure they give you a little look when you say, Let me have a Cancro Special.. What is the landlord doing for work? Come down with me. We care. No, theyre doing it out of their heart. Its having a culture that people can win together. 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. Its an unbelievable movement right now where people are together. Working there for four years and seeing the business, I said to myself, No, I dont want a partner. It brings down the house anytime you watch it. He came on board, we didnt call one person, but we had a lot of Dominos owners. He has always done it with the approach of giving back to the communities where the chain operates, as well as looking after franchisees and corporate employees. We were talking before we started and you said youre coming up on 50 years where youve been in this business and from the start of Mikes Subs. Jersey Mikes has raised more than $28 million for charities since 2010. It was the original store at fifteen seats, and all takeout. People could see tables in front 8 or 10 feet away making the product, contactless pickup and the digital. I want to talk a little bit about how you assess businesses. Ill be there in line. When I first started there, my voice mattered. We were opening stores and we were investing everything we had back into growth. 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. I hate that in the supermarket when you go in and they say, Do you want to give a dollar? Youve got to be careful with that. Peter Cancro could be the poster child for the concept of doing well by doing good. Were going to go over $2 billion in sales. We opened 210 stores in 2020 and were going to open 250 new stores in 2021. Trump rewards loyalty, and Rudy has been steadfast from the gate. 1979 - 2000. You have the international component sitting in Australia too. In 1971 at the age of only 17, Peter raised $125,000 to purchase the single store sandwich shop called Mikes Subs. Thats how it started and thats where we go. Web1956. I started having that and people would come in and say, Let me have that Peter sub. Number 8860726. Its built into the price of opening the store and were proud of it. It was unbelievable the outpouring of America to our stores to help contribute to the food banks. I called all the shots with the marketing, with this, with that. At that time, I was an MBA student and so obviously I knew everything about business and I was like, This is insane. In 1991, we were on a rise. Whats a local thing they like to do? It was small amounts for a small business. I left that gentleman and I was back to ground zero and it was at the end of the week. We raised enough money and we do it every year. Despite his love of large crowds, the president consistently chooses home and family. What happened that night? WebSupply Quality Product peter cancro political party the lowest price - uckg.or.ke peter cancro political party the lowest price. I remember years ago, people would always come in the store and theyre like, Peter, where do you get your people? All the Manzos, the Cancros, there were four Cancros that worked at the shop. Worked at NYPD. Where their heart is drawn then thats the charity that they support. I saw that we were again flat-lined and lost a lot of sales every year. We went down and through the years, weve been involved, I dont know how many years now, but it was pretty cool. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. All the books in school and everything, I dont know if they teach or tell you about this, but there were a lot of up and downtimes. 2021 comes, an entrepreneur releases the Franchise 500 and Jersey Mikes gets ranked to number 7. 3316 Bee Cave Road, Ste DAustin, TX 78746, Copyright talentwargroup.com 2023 | All Rights Reserved, https://Fortune.com/2020/03/16/how-i-got-started-jersey-mikes-peter-cancro/. That was our way of saying, Were open. It worked. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png, Meet the innovative, inclusive and industry changing leaders of the 2021 NRN Power List, 2023 Informa USA, Inc., All rights reserved, Q&A with Angel Velazquez, area director, Jersey Mike's, Read about Scott and Ally Svenson, founders, MOD Pizza, Allowed HTML tags: . We like to call it the power of the sub sandwich. I look at this list and its so impactful because its your owners who are saying, I love this company, and this is not just restaurants. Trumps security chief for the past 16 years, Schiller started as Trumps bodyguard in 1999, after a decade with the NYPD. They love showing up and making it happen because they were scared. 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. Leadership is about getting people to do things because they wanted to, not because you told them. That has continued into the pandemic. Some franchise, its 5 to 10 days. I could see it in their eyes, their confidence, their energy, they care about the people there. Maybe if youre born with it, it does, he told The Real Deal, the Manhattan real estate publication, with a dig at his buddy. Everything thats rung up goes to that local charity. Jersey Mike's Subs. peter cancro politics