“Overnight success takes decades,” said Peter Cancro, founder and chief executive of Jersey Mike’s Franchise Systems Inc. And Cancro should know. He has spent his entire career at the same company, starting with the original Mike’s Subs in Point Pleasant, N.J., in 1971, and purchasing it from its owners in 1975 when he was just 17 years old. Cancro refined the concept for a dozen years before changing the name to Jersey Mike’s. He began selling franchises in ...
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