Jersey Mike's began in 1956, only two years after Burger King was founded and almost a decade before Subway ever opened. A single store, called Mike's Subs, was a mom-and-pop business, set up to sell a relatively new invention: the submarine sandwich.
In 1971, Peter Cancro joined the Mike's Subs team at just 14.
"When I was 14, I showed up at the business and my voice mattered. That’s the kind of culture that it was."
He thrived in the sub business, and a few years later in 1975, when he heard the owners discussing selling the business, he approached his football coach and asked for a loan of $150,000 to help him buy the shop. Surprisingly, his coach agreed, making the teenager a business owner.
In an interview with QSR, Cancro was asked what it felt like to own his own business at such a young age. He said it was:
"A natural high, I guess. But it wasn't easy. I didn't go to school for a week and a half while I was out trying to raise capital. Everyone was wondering where I was. They said I'd ruined my life."
Watch the video to find out what you should know before eating at Jersey Mike's!
#JerseyMikes #JerseyMikesSandwiches #JerseyMikesSubs
Humble beginnings | 0:17
Edge of bankruptcy | 1:19
Making money | 2:26
Getting his hands dirty | 3:06
The secret menu | 3:45
Jersey J-Lo's | 4:16
Maternity mishap | 4:55
Keeping fresh | 5:43
Healthy aspirations | 6:34
Mike's Way | 7:23
Vetting the newbies | 8:14
Culture of giving | 9:04
Letting the dogs out | 9:46
Home run partnerships | 10:43
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