", The Daily Digest for Entrepreneurs and Business Leaders, Peter Cancro's 5 Key Lessons as CEO of a Billion Dollar Franchise Corporation for 43 Years, How Jersey Mike's CEOTurned $125,000 Into $1 Billion. By opening thousands of stores all over the United States, he reduced the unemployment problem. Why would Smith loan that much money to an 17-year-old kid? Within a three-year period, Cancro was able to hire everyone back. After working hard for the company, he decided to open more outlets. The couple separated after 20 years of marriage. With more than 1500 locations in 47 states and still growing. Robert Cancro and Caroline Cancro are the names of their sons. "Sometimes entrepreneurs are not the best to have in the franchise business," he says, "You want someone who shows up every day, who will be present, gain ten yards, and move the chains. Cancros mother told him to buy it then he skipped school to knock on doors and ask for loans. https://www.youtube.com/watch?v=ayfg0bR7kqI&ab_channel=JerseyMike%27s, Peter Cancro on Taking Stock on Bloomberg TV (https://www.youtube.com/watch?v=ayfg0bR7kqI&ab_channel=JerseyMike%27s), https://www.youtube.com/watch?v=QSniElVN8bI&ab_channel=TheJedburghPodcast, Building a $3 billion franchise l Jersey Mikes CEO Peter Cancro (https://www.youtube.com/watch?v=QSniElVN8bI&ab_channel=TheJedburghPodcast). Cancro used the money to buy Mike's, making him a business owner at the age of 17. Jersey Mike's founder Peter Cancro. Every year on the final Wednesday of March, Jersey Mikes hosts a Day of Giving where the eatery contributes every penny of its sales to a neighborhood charity. Do you want Five Guys or McDonalds? he asks. For all his efforts and hard work, Peter has amassed a pretty substantial fortune. Today there are almost two thousand locations of his company and He is still the CEO of the company. Originally from New Jersey, Cancro now lives in Point Pleasant Beach. Back then, loans were done a hand shake and a belief in people.. "And resonates. In 1987 he decided that franchising was the way to go. Thus all his hard work and struggle paid off. They tied the knot in the year 2014 and celebrated their seventh year marriage anniversary in February 2021. It doesn't mean you should always do what they say. Moreover, it has 1910 stores active in the United States. Saint Jhn Net Worth: How Rich Is The Rapper Actually? At the age of 14, Peter Cancro made up to 1.75 dollars a day. Just show up every day. Winston Marshall Net Worth: How Rich Is The Musician Actually? During his school time, he started a job in the company named Jersey Mikes Sub when he was only fourteen years old. Peter Cancro's high-touch approach to. He played football, lifeguarded in the summers, and enjoyed working with a team making sub sandwiches at Mike's Subs, a popular coastal destination founded in 1956, a year after Mcdonalds started on the opposite end of the country. Each Jersey Mike's shop serves submarine sandwiches made to order, with meats and cheeses sliced as needed. Bart Millard Net Worth: How Rich is The American Singer Actually? Originally from New Jersey, Cancro now lives in Point Pleasant Beach. Jersey There are roughly 1500 Mike's Subs locations in the US. Prior to Tatiana, Cancro was married to his former wife and business partner, Linda Cancro with whom he opened up a few outlets of Jersey Mikes Sub. Cody Rigsby Net Worth: How Rich Is The Entrepreneur Actually? Also See: How Trevor Chapman Made Millions with the Simplest of Ideas. In August 2014 Peter paid $15.681 million for a 3,838 square-foot, four-bedroom condo on East 68th Street in New York City. Jersey Mikes currently has locations in 45 states and territories, and growth has been relatively slow but steady. The differentiator between a successful franchise owner and an unsuccessful one is energy. Mikes knowledge and Peters expertise began franchising in 1987. However, this decision nearly destroyed the company, taking him to the edge of bankruptcy as the recession hit the United States in the '90s. Manasquan, NJ 08736 Social Facebook, . Peter Cancro Net Worth | Celebrity Net. Things really took off again, Cancro said. Peter learned that his high school shop owners were looking to sell their shop during his senior year. He recognized the growth potential of the jersey. Stevie Williams Net Worth :How Rich Is The Skateboarder Actually? But, as is typical when a company invests in growth too fast, expenses can scale faster, too. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); TikTok celebrity Zack Lugo is a 21-year-old American. After a while I thought, We really need to grow this thing and franchise it, Cancro said. We say giving. So, he quickly pivoted, and instead of becoming a lawyer, you chose to become a businessman instead. They demanded One hundred twenty-five thousand dollars . He spent 13 years as a Gibson is an American singer and Tv Actor who is most known for his repertoire of R&B music as well Tyler Jamal Brown, best known by his stage name Tyla Yaweh, is a rapper, singer, and songwriter from the United Teejay Witherspoon, also known by his stage as Teejayx6, is a rapper from Detroit who is 19 years old. Cancro spent his childhood in the same neighborhood and attended the local grade school, middle school, and high school in Point Pleasant, New Jersey. Below, the 61-year-old founder, who's celebrating his 43rd consecutive year as CEO of Jersey Mike's Franchise Systems, Inc., reflects on the four decades at the helm of Jersey Mike's and shares what he's learned as an entrepreneur and CEO. Cancros company has raised over $47 million for local charities including hospitals, youth organizations, food banks, and more through this campaign. Peter Cancro still serves as the CEO of the company. Ray Kroc Net Worth: How Rich is The Businessman Actually? And he can tell it right away just by the way they walk and how they slice meat and cheese. His first job was at Mike's Submarines, a sandwich . Your email address will not be published. He confesses he's old-fashioned and that while he's a big fan of the entrepreneurial spirit, he doesn't overvalue the all-star. mary katherine backstrom net worth 2020; blackstone managing director salary. He joins Mike Subs and starts working there. I asked him when he walks into a store, what does he say or do to best inspire the owner and the staff behind the counter? Today there are roughly over 2,000 locations through which the company generates over $2 billion per year in gross revenue as per estimating sources. Peter Cancro Education Peter Cancro finished their High School education with Good Grades. Peters favorite employer was Mike. Also were cooking our own top round in the oven, in every store.. He became well-known in 2017 after putting his debut EP on Subcarbon Records into the top 10 of the electronic album chart on iTunes. It did what would be $40,000 a week in today's dollars. Smith loaned Cancro the money with a 7-year payback plan. Lloyd Austin Net Worth: How Rich is The Secretary of Defense Actually? In an effort to preserve the authenticity of the original store, he changed the name of Jersey Subs. It absolutely took off in our own little area, Monmouth County, the Jersey Shore, Cancro said. Peter did end up remarrying sometime after the divorce. Franchising is available as well as contract management. Opinions expressed by Forbes Contributors are their own. His childhood was spent in New Jersey, United States, where he was born on May 15, 1957. After graduating from Point Pleasant High School in 1975, he purchased Mikes Sandwich Shop and worked there for four years. Read also: Rick Shiels Net Worth: The Truth Behind His Income. Peter Cancro has been in the same business for nearly 50 years. John Cancro is his younger brother. Jersey Mike Has Been The Nations Fastest-rowing Restaurant Chain For Three Years In A Row, 2. Leadership Thought Leaders This Entrepreneur Borrowed $125,000 as a Teen, Then Used It to Build the $1 Billion Jersey Mike's Brand Peter Cancro was just 17 when he bought the sandwich shop. Together, Robert Cancro and Caroline Cancro have a son and a daughter. Peter laid out the shop's finances and Rod who worked in finance as his day job offered to fund the purchase with an interest-bearing loan. The awards and recognition came from several leading industry publications, including: Peter Cancro has been married twice and divorced once in his 63-years of life. In high school, he listened to Mike subs owner about the sale of the company. Peter Cancro is an American entrepreneur and businessman who has a net worth of $600 million. Customers would gets their subs wrapped to travel, taking them out West, to South America and London, according to Cancro. Cancro who has been the CEO of Jersey Mike's Franchise Systems Inc., aka Jersey Mike's Subs, for over 47 consecutive years now, holds a net worth of around $400 million. The franchise also has some locations in Canada and Mexico. Peter Cancro is best known for being a co-founder of Jersey Mike's Subs which is an American submarine sandwich chain with nearly 1,300 locations in the United States. J.Lo is pictured enjoying a Jersey Mikes sub while lounging on a staircase and looking lovely for the evening. However, Peter loved working at the counter, interacting with customers, and speaking with them even more. Jersey Mike's Net Worth - Is Jersey Mike's Profitable? Peter actually had plans to attend college and pursue a degree in law; however, that changed. With the net worth of $300 Million, Peter Cancro is the #1599 richest person on earth all the time in our database. He had a good high school education as well. However, this decision nearly destroyed the company, taking him to the edge of bankruptcy as the recession hit the United States in the 90s. The former pair shared a daughter, Caroline Jones, who is now a senior vice president of Jersey Mikes Franchise System in Manasquan, N.J. At the age of 14. Mike's was a 1,000-square-foot store with 17 seats, and most of the business was takeout. The companys size has more than doubled, with 197 new locations inaugurated in 2015 and 500 more stores now under construction. Peter Cancro was born on May 15, 1957 in New Jersey. Peter Cancro is a CEO, . Under his leadership as the CEO, the company continues to grow and open new locations all across the United States. Required fields are marked *. Peter Cancro successfully expanded his sandwich shop and now has 2000 branches worldwide. I get right in their with them." Due to this well-established business milestone, he has been able to thrive online. In the next five years, the CEO expects to double Jersey Mike's to $2 billion in annual sales and 3,000 locations. Recommended: Tobi Lutke Turned His Dissatisfaction into a Business Empire Shopify. Peter Cancro earned his fortune as the co-founder of Jersey Mike's Subs, an American. Cancro acknowledges that Connecticut-based Subway introduced the world to sub sandwiches as an alternative to burgers and fries. All Rights Reserved, https://socialblade.com/youtube/user/jerseymikestv, https://www.forbes.com/search/?q=Peter%20Cancro&sh=1e4dc5bf279f, Married (married twice and once divorced). Your email address will not be published. We put everything back into the business that we earned, just to grow.. Cancro is from Point Pleasant Beach, New Jersey. His most popular TikTok uploads include dance, lip-sync, voice-over, and brief comedic A musician from the United Kingdom, Winston Marshall is best known for his time spent with Mumford & Sons, a His name is Wilco Nienaber, and he is a well-known professional golfer in South Africa. Peter Cancro is a hardworking businessman and an entrepreneur. Submarine sandwiches are his favorite food. The anniversary celebrations are quite something with the two. We use cookies to ensure that we give you the best experience on our website. Today Jersey Mike's operates a franchise-purchasing assistance program called the "Coach Rod Smith Ownership Program" to help young entrepreneurs start their careers. The following year, the total number of Jersey Mike's locations surpassed 1,000, and by 2018 the company was doing $1 billion in sales across 1,400 locations. It was the good start of his career. Cancro was officially a business owner only and co founder of 1,400 franchises nation wide with more than $1 billion in annual sales. Peter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography - Bloomberg Markets Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg. But Smith reserved judgment and simply listened. Rob got married to Ashley in June 2015 after he graduated from Colorado State University. Every year in March, he celebrates the giving day and donate the 100% of sales to different charity groups. Cancros mother suggested he buy it. Peter Cancro's Salary & Net worth; Earnings revealed. It is estimated that around $7 million are being donated each year. His charity has previously benefited Jersey Shore University Medical Centers HOPE Tower Project, Trauma Center, Transforming Care Campaign, sponsorship support for the medical centers Annual Golf Classics and Annual Foundation Gala events, and Hackensack Meridian Ocean Medical Centers emergency department expansion. "No one could borrow money. After completing graduation Peter Cancro married his first wife Linda at just 17 years old, shortly after buying his first business.She was his high school sweetheart. Peter Cancro was growing up in Point Pleasant, New Jersey, in 1971.At the age of 14 he joins Mike Subs and starts working there. He is a member of the team. His home base is Santa Cruz, Californias Bay Area. He did not want to lose his business. All of their bread, meats, and cheeses are prepared the same day, which ensures maximum freshness. According to Jersey Mikes CEO Peter Cancro, the 8th Annual Month of Giving was the most successful one yet because of the cooperation of wonderful customers, workers, franchise owners, and charity partners.. The perfect picture. He is most famous for being a co-founder of the American submarine sandwich chain Jersey Mike's Subs, with over 1500 sites in the USA. Eventually, Peter remarried following the divorce. He is one of the famous American entrepreneur and businessperson who has a net worth of around $2.8 billion dollar. At this point he also changed the chain's name from Mike's Submarine to Jersey Mike's. A US businessman and entrepreneur with a net worth of $400 million, Peter Cancro is an American entrepreneur. Peter's mother suggested that he buy it. Total Peter Cancro Net Worth in 2021 - $1 Million - $5 Million (Approx.) 2023 Celebrity Net Worth / All Rights Reserved. Peter skipped school the following week in order to raise enough money to buy out the shop.So he knocked on his football coachs door after trying for days without success. Then the 1991 recession hit, and Cancros business flatlined for the next two years. 3. In order to survive this huge loss, Cancro had to lay off six people including his own brother, John Cancro, eventually having to work more than 100 hours every week himself. Cancros bottom line is pretty staggering, considering so many restaurants do not even survive the first year, let alone grow as much as Jersey Mikes Subs has. Besides, Peter is also a stepfather to Philip, who is Tatianas son from her previous marriage. But if Subway is bigger, Cancro believes hes better. Net Worth, Age, Career, Profession, Nationality, Bio. When Smith had heard his quarterback was coming over to talk on a Sunday, he thought Cancro must be in trouble. A sub fundraiser was sponsored by Jersey Mikes this year, raising $361,533 for food banks in the regions affected by Hurricanes Irma and Harvey. But he had seen how well Jersey Mikes was doing, and felt confident about the future. Andy Hildebrand Net Worth: How Rich is Andy Hildebrand Actually? Shilese Jones Net Worth: How Rich Is The Gymnast Actually? "Don't do everything. He says he went $2 million into the hole, but never declared bankruptcy. How does a company rebound from the brink of bankruptcy and grow to a billion in sales? He became the fourth owner of Jersey Mike Subs, In 1975. By driving the company to thousands of US branches, however, he rose to the top of the business field. Peter and Tatiana recently took ownership of a super fancy four-bedroom unit on East 68th St, in New Jersey, which is reported to be worth $15.68 million. After six months, one guy came back, after a year, another came back. Peters first wife and her husbands divorce doesnt reveal the details like the reason or the date of their separation, but they seem to have ended their relationship on good terms. In The Dinero Music Video, Jennifer Lopez Is Seen Holding A Sandwich From Jersey Mikes, 4. Welcome to NetWorth Inside. To survive, he had to lay off six people, including his own brother John. The company took off and spread like wildfire. Peter Cancros sandwich chain is spread in more than 2000 locations in the United States. His favorite management question: "What do you think? When the shop went up for sale in 1971, Cancro's mother encouraged him to purchase it. Cancro was 29 years old in 1987 when he hired attorneys to set up his franchising business. As a part-time employee at Mikes Subs, Peter began his career. A well-known producer of electronic music, G Jones is about 30 years old. His first job was at Mikes Submarines, a sandwich shop where he worked at 14 years old. "I knew Peter could get the ball across the goal line," said Smith. Wilco Nienaber Net Worth: How Rich Is The Golfer Actually? "I've seen what works and what doesn't; it's a gut feeling I have." Peter Cancro Net Worth in 2023, Bio, Wife, Kids, Age, Peter Nygard Net Worth in 2023, Age, Bio, Wife, Height, Life, Titus Welliver Net Worth in 2023, Bio, Age, Height, Kids, Countess Vaughn Net Worth in 2023, Bio, Age, Kids, Career, Jason Nash Net Worth in 2023, Bio, Kids, Career, Age, Movies, Tk Kirkland Net Worth in 2023, Bio, Kids, Salary, Manny Khoshbin Net Worth in 2023, Age, Wife, House, Cars,. Cancro started working in the original shop as a. Peter Cancro started slicing fresh meat and cheese in a local mom-and-pop sandwich shop in Point Pleasant, New Jersey when he was 14 years old. Cole Beasley Net Worth: How Rich Cole Beasley Is? Peter Cancro is a CEO, .. Sam Logan Net Worth :How Rich Is The Businessman Actually? The Entrepreneur Borrowed $125,000 as a Teen, Then Used It to Build the $1 Billion Jersey Mikes Brand. When he was only 14 years old in 1968, Cancro had a part-time job at a local sandwich shop called Mike's Submarines in the borough of Point Pleasant. The account has not many subscriptions, but the videos have got a total of 56 million views and the channel has a total of 159 video content. Mary Cosby net worth: How Rich is Actor Actually? An American businessman named Peter Cancro currently has a net worth of more than $400 million USD. Peter started it all from a single sandwich shop that he started working for while in high school. Peter learned that his high school shop owners were looking to sell their shop during his senior year. Cancro and his wife Tatiana own a four-bedroom apartment in SoHo for $15.68 million. As of 2022, Jersey Mike's net worth may be in the range of 5-15 billion USD. He also founded Jersey Shore in 1956 and He took Jersey Mike national when he started his franchise in 1987. Cancro remembered a time when one of his role models, Bob Hoffman, an 85-year-old proprietor of an ice cream shop, dropped by his shop and put a Congrats, Peter ice cream cake on the counter. I write about entrepreneurship and intriguing startups across the U.S. Peter Cancro, owner of Jersey Mikes Subs, shows. Peter Cancro was a high school student growing up in Point Pleasant, New Jersey, in 1971. Cancro, who had invested almost all of his earnings into growing the business, had to lay off his six employees. In 2022, Jersey Mike's raised over $6 million on the day for more than 170 charities nationwide. He also got nominated for the PepsiCo Foodservice. Despite beginning in the year 1974, Peter Cancros relationship with his first wife Linda Cancro lasted for a couple of decades before they separated in 1992. They got separated after their second child was born. Originally from New Jersey, Cancro now lives in Point Pleasant Beach. The companys mission, which has always functioned as the organizations mission statement, is providing makes a difference in a persons life.. ", It's always interesting to hear how busy CEOs use their time. In addition to changing the name, he also renamed the chain Jersey Mikes. Over 2 Million Free Sub Sandwiches Have Been Distributed By Jersey Mikes In Support Of Various Causes, 3. When I asked him if he had any more insight as to what this trait is, he said it's a realness, a genuineness, that seeks to raise people up. After graduating from high school, Cancro founded Jersey Mike's Subs in 1956, and it has since grown into a multi-million dollar company. We did tremendous volume. The demand was $125,000. Jackie Collins Net Worth: How Rich Is The Actress Actually? Brandon Bellamy Net Worth :How Rich Is The Businessman Actually? Videos were created as a promotional tool and as a way to supplement revenue from sandwiches sold by Mikes Subs. In order to highlight the chains New Jersey seaside roots, he and his wife Linda expanded their business and changed its name to Jersey Mikes Subs. Peter Cancros estimated Yearly Income: $9 million,Monthly Income: $750 thousand,Weekly Income: $173.08 thousand,Daily Income: $24.66 thousand,Hourly Income: $1.03 thousand. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Christian Stracke Net Worth | Ex-Wife (Sutton Stracke), Awarded the 2013 Golden Chain Award winner by the Nations Restaurant News, The 2019 Silver Plate Award in the Chain Limited Service category. As a result of his YouTube channel Jersey Mikes and other acquisitions, Peter Cancros net worth has grown. Benny Blanco Net Worth: How Rich is The American record producer Actually? Besides, Peter is also a stepfather to Philip, who is Tatiana's son from her previous marriage. From earning $1.75 an hour as a worker to making billions from the sandwich franchise, Cancro inspires everyone to work hard in order to get success. Peter eventually got married again after that! He started working at a very early age as a cashier at a local sandwich shop called Mikes. (Jersey Mike's) Peter Cancro suffered from no evident youthful indecision where career choice was concerned. Peter Cancros son, Robert, oversees the Corporate Store Division for the company. At the end of the day, around $5-$7 million will go to nonprofits, kids in school, and hospital initiatives across the country. Between Peter Cancro and his present spouse, there are no kids! He managed to buy his first store for 125,000 dollars. Buying it was the mothers suggestion to Peter. According to multiple sources, Peter Cancro net worth is $400 million. He became the fourth owner of Jersey Mike Subs, In 1975. Peter, however, enjoys working behind the counter, interacting with customers, and chatting with them. At the conclusion of the day, $5 to $7 million will be distributed to organizations, institutions, and medical initiatives all around the country. [2022], Blippi Net Worth: Early life, Career, Personal life and earning source [2022]. Net Worth Net Worth 2020 $300 Million Salary 2020 Not known With the net worth of $300 Million, Peter Cancro is the # 1599 richest person on earth all the time follow our database. Haley Cavinder Net Worth: How Rich is the Basketball Player Actually? In the summer after Peter graduated from high school, he decided to get married with his high school sweetheart. With the help of his football coach, Rod Smith, who was also a banker at that time, the then 17-year-old teen pulled together $125,000 in three days and eventually became the owner and proprietor of Mike's Subs. His sons name is Robert Cancro and his daughters name is Caroline Jone. Jersey Mikes Sub Shop is now an international company with locations in Queensland, Australia, and 2 locations in Ontario, Canada. He remembered himself as a 17-year-old businessman walking down the high school hallway. AS Submarine sandwiches were his favorite ,Peter loved working at the counter, interacting with customers. He then earned a Bachelors degree from an American university. He joins the line, starts making a sandwich, and turns to the teenage sandwich maker next to him, and asks, "How am I doing?" "You can line up 15 people in a room, I'd look at the group and I'd say that one and that one," said Cancro. It is generally agreed that Conway The Machine Net Worth 2023: How Rich is The Recording Artist Actually? The mother suggestion to Peter to buy it. The breakthrough role that brought Wayne Diamond, an American actor, to widespread attention was the one he played in the Former American football player Vincent Wilfork is a member of the Hall of Fame. Cancro was the co-founder of the famous American sandwich chain Jersey Mike's Subs, which has over 1,500 locations in the United States. The Jersey Mike's Franchise has 2,034 locations open and under development with three locations in Queensland, Australia, and two in Ontario, Canada. We appear to have a protracted journey ahead of us. Cancro and his wife Tatiana own a four-bedroom condo on East 68th Street and have $15.68 million in assets and income. Peter Cancro Real Estate. Cancro had to study law at the University of North Carolina on hold. After purchasing the original Jersey Mikes Subs in 1975, he ran the single location until he decided that he was ready to switch his business model to franchising in 1987. Mike Peter Cancro married his first wife Linda at just 17 years old, shortly after buying his first business. When he was very young, he worked as a cashier at a local sandwich shop named Mikes. Peter Cancro is an American entrepreneur and businessman who has a net worth of $600 million. He had no money in the bank to offset this kind of unforeseen event.Cancro was in shock. Now, Peter Cancro has a net worth of over 400 million dollars as an American entrepreneur and businessman. He grew up playing football at Point Pleasant Beach High School. Jersey Mike's founder Peter Cancro. Peter Cancro was known as the 4th owner of a submarine sandwich chain named Jersey Mike's Subs and US famous businessman and entrepreneur with a net worth of $400 million. Thats what were about at Jersey Mikes. Therefore, businessman Peter Cancro has an estimated net worth of $400 million. He is most famous for his submarine sandwich chain. He was born on 15 May 1957 in United States. Till now, Cancro's company has raised over $47 million for local charities including hospitals, youth organizations, food banks, and more through this campaign. Peter Cancro bought the original Jersey Mike's Subs on the Jersey Shore in 1975 and grew the business to nearly 1,600 stores across the country. When Peter Cancro was after starting the shop, Jersey Mikes Subs, he could easily earn 40 thousand dollars a week as there was no market competitor. Peter and Tatiana recently took ownership of a super fancy four-bedroom unit on East 68th St, in New Jersey, which is reported to be worth $15.68 million. Each year on the final Wednesday of March, the restaurant hosts a "Day of Giving" in which it donates all of the money from its sales to various charities. Cancro stuck with what he had to get to where he is. He made few changes for the improvement of company. Stay tuned and connected to Celeb$fortune for more content from the entertainment and business world. He wanted to do this on his own, and thats why he sought out Rod Smith. In a short time, Peter Cancro was able to make 35 shops in 1991 andhe faced bankruptcy. That first job was at the tender age of 14, and he continued to work there all through high school. His most famous achievements include co-founding Jersey Mikes Subs with more than 1,500 locations throughout the United States. So Peter Cancro asked for help from many people in the Northwest. How Jersey Mike's CEO Turned $125,000 Into $1 Billion Peter Cancro's 5 Key Lessons as CEO of a Billion Dollar Franchise Corporation for 43 Years By Dave Schools, Founder, Entrepreneur's. According to legend, Peter skipped school the next week to pound the pavement and raise enough money to buy the brothers out. The business took off in a major way from there; by 2014, it had amassed 750 locations with 650 additional ones in varying stages of development. There Peter learned that his high school shop owners wanted to sell their shop during his senior year. Photo Source: Jersey Mike's Subs, Instagram. Through his career, he was able to expand his sandwich business and accumulate this fortune. Scump Net Worth: How Rich is The American YouTuber Actually? Peter Cancro is best known for being a co-founder of Jersey Mike's Subs, an American submarine sandwich chain with more than 1,500 locations in the United States. Tatiana married again, just like Peter did. Then Peter married Tatiana Voevodina Cancro.Peter Cancro and his beloved wife, Tatiana Voevodina Cancro, are a match made in heaven considering their love to run business and their commitment to philanthropy. From many people in the Dinero Music Video, Jennifer Lopez is seen Holding a sandwich from Jersey Mikes Support. From Jersey Mikes Subs with more than 1500 locations in Ontario,.... Street and have $ 15.68 million in assets and Income changes for improvement! Money with a Net Worth - is Jersey Mike 's, making him a business owner at age! Sources, Peter Cancro and his wife Tatiana own a four-bedroom apartment in SoHo for 15.68! His franchise in 1987 s Subs, shows chose to become a businessman instead,. 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