Peter Cancro is a businessman and the current CEO of Jersey Mike’s Subs, a popular sub sandwich chain in the USA. Peter is also the founder of the entire chain and is responsible for turning Jersey Mike’s Subs into the rage that it is today.
Today, there is an outlet of the chain across 1,973 different locations in the USA. Peter’s journey from an ambitious 17-year-old boy to a self-made multi-millionaire businessman has been an inspiration to many and he is one of the most influential figures in business today.
Cancro was born on 15 May 1957 in Point Pleasant Beach, New Jersey. He grew up at Point Pleasant Beach and had to start working at an early age to support his family. When Cancro was just 14, he started working at Mike’s Submarines, which ultimately went on to become Jersey Mike’s Subs. Mike’s Submarines was just a simple sandwich shop at that point that didn’t seem like going anywhere big, despite being in business since 1956.
Peter loved working at the shop and had a great interest in the business side of working behind the counter and handling customers. He worked there for years part-time and he was there when the owners were discussing the possibility of selling off the shop.
Peter was just 17 at this point but had high ambitions in his mind alongside the thought of buying it off himself. Initially, he was planning on studying law after graduating from high school but this idea made him change his mind about studying further at some point. He discussed it with his mother who in turn encouraged and supported his decision.
The owners put forward an asking price of $125K and Peter had to find a way to gather funds in a short time. When he failed to raise enough money, he contacts his football coach in regards to it. His coach was a banker and financer and agreed to fund Peter’s pursuit with a loan. It took Peter 3 days to gather funds and buy out the shop.
Shortly after the purchase, Peter married Linda and the couple started working on the business together. Peter started to expand and open more outlets over the next few years and things started to look on the right track. He took it up one notch in 1987 when he decided to franchise the chain. The decision came along with a name change that saw the birth of Jersey Mike’s Subs.
By the year 1991, Jersey Mike’s Subs had a total of 30 outlets across the country. Today, the number is about the reach the 2,000 mark and Peter deserves all of the credit for it. The company today generates more than $1 billion yearly and Peter has made quite a fortune for himself and his family over years.
Peter and Linda ended up getting divorced after more than two decades of being together and having two kids. Peter remarried in 2014 at the age of 57 and exchanged vows with Tatiana Voevodina Cancro in February that year.
Birthday & Zodiac Details
- Date of Birth – May 15, 1957
- Birthplace – Point Pleasant Beach, New Jersey.
- Zodiac sign – Taurus
Body Appearance Height, Weight
- Height – 5’8″
- Weight – 149 lbs / 68 kg
- Profession – Businessman
- Educational Qualification – High School
- Religion – Christianity
- Nick Name – N/A
- Nationality – American
- Residence – New Jersy
Social Media Accounts
- Instagram – N/A
- Twitter – N/A
- Fb – N/A
Peter Cancro is one of the most successful American businesses alive. He has been running a sandwich chain of his own since the age of 17 which has an annual turnover of more than a billion. Thanks to this immense success, Cancro has an individual net worth of over $400 million.
What year was Peter Cancro born?
Peter Cancro was born in 1957.
How old is Peter Cancro?
Peter Cancro is 24 years old.
How much is Peter Cancro worth?
Peter Cancro is worth over $400 million.
What is Peter Cancro’s net worth?
Peter Cancro’s net worth is over $400 million.
Where does Peter Cancro live?
Peter Cancro lives in New Jersey now.
Where was Peter Cancro born?
Peter Cancro was born in Point Pleasant Beach, New Jersey.
Where is Peter Cancro now?
Peter Cancro is in New Jersey now.
Where is Peter Cancro from?
Peter Cancro is from Point Pleasant Beach, New Jersey.