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Jersey Mike’s CEO Peter Cancro finances new stores through special ownership programJersey Mike’s CEO Peter Cancro finances new stores through special ownership program

The program is geared for managers looking for help in starting their own franchise

Nancy Luna, Senior editor, Nation's Restaurant News

June 25, 2020

1 Min Read
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In 1975, 17-year-old Peter Cancro bought Mike’s Subs with the financial help of his football coach, Rod Smith, who was also an executive at the local town bank. 

Cancro had worked at the New Jersey sub shop for three years. The handshake deal would lead to Cancro building an empire of sandwich stores under the new name Jersey Mike’s Subs.

Now, as the nation faces an unprecedented pandemic, Cancro is giving back in a big way. He is giving managers and assistant managers in his system the chance of a lifetime to own their own Jersey Mike’s Sub shop.

We recently talked to Cancro, as part of an upcoming Extra Serving podcast. Here’s a Zoom chat excerpt, where Cancro talks about the Coach Rod Smith Ownership program.

Contact Nancy Luna at [email protected] 

Follow her on Twitter: @fastfoodmaven

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Jersey Mike’s

About the Author

Nancy Luna

Senior editor, Nation's Restaurant News

Nancy Luna is a senior editor at Nation's Restaurant News and a contributing editor at Supermarket News. She covers the industry's largest and most talked about fast-food brands including McDonald's, Starbucks, Chipotle Mexican Grill, Taco Bell, Pizza Hut, KFC and Subway. She is an award-winning journalist with more than 25 years reporting experience. As a veteran business reporter based in Southern California, Nancy has covered some of the country's most beloved food and retail brands including In-N-Out, Taco Bell, Trader Joe's, Aldi, Whole Foods Market, Target and Costco. Luna is a graduate of Cal State Fullerton. When she's not digging for news on her beat, you can find Nancy regaling her fans about her latest dining adventures on her Fast Food Maven social media channels. Contact [email protected]  or follow her on Twitter at https://twitter.com/fastfoodmaven

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