Web63K views, 1.2K likes, 268 loves, 454 comments, 332 shares, Facebook Watch Videos from Jersey Mike's Subs: From our Jersey Mike's family to yours Its amazing to see all of our owners embrace that giving spirit and thats the most gratifying thing for me in business. I say, Did you play any sports? You go out every day and you make a difference. Her brother, Bud Thorne, was killed in the Battle of the Bulge. One at a time were going through speed of service, about getting the product fresh, making sure its perfect and then sharing your life with the customer. We drive the real estate. Its part of what I saw and received as an athlete. Thats an investment in our owners. You mentioned here that you can stand across the counter, look across the table and say, Is this a good person who I can have in my organization? Youve encouraged people from all backgrounds to jump into this industry and join as an owner, whether they have restaurant experience, whether they dont, it doesnt matter. What did you do with your life? Thats how we recruit and retain, but to go from a small company to a large, Ive got to tell you back and Ill say it again, we showed up every day. It was small amounts for a small business. You can almost guess what youre going to gross. Out there The ninth annual Greenwich Snow Sculpture Contest sponsored by Greenwich Recreation and the Greenwich Arts Council will be open throughout the winter season. Its a constant going into the stores and several times a month working with the crews. We sent them subs and cookies. Its not so much compliance. Thats how it started and thats where we go. My toughest recession in beyond 2008. Peter has built Jersey Mikes on a culture of giving and a commitment to its people, investing over $150 million back into its store owners to update and modernize. I went to see this gentleman that was going to love it and he wanted to back me 100%, but then said he wanted to be a 50/50 partner. It was a great organization, but all of a sudden I was like, Whats going on? We were down the first week, like everybody else, like 45%, next week down by 45%. I want to talk a little bit about how you assess businesses. I said, Were going to talk about pulling people along, about putting others first before ourselves, but were going to talk about our giving culture. To me, youre someone who leads by example and weve seen the commercials. Jill Biden Says Joe Biden Is Ready to Run Again, Nikki Haley Announces 2024 Presidential Bid. The opening, were there for a couple of weeks with the people and training, teaching and coaching. You talked about having to lay everybody off. Do we have another introvert in the White House? In this episode, Peter joins host Fran Racioppi to share his recipe for building a franchise empire, and his foundation on a SubAbove culture of giving and a commitment to its people investing over $150 million back into its store owners to update and modernize. Volunteers will receive a digital tool kit with messages that can be shared via social media and messaging apps. Its why youve had success. I woke up in the middle of the night and wrote the commercial. It was only ten people on the roster total. When you look at your team, thats hard to replicate. Cancro started It was that Sunday night, so a week later and he said, We can do something, and he did. I get right behind the counter, talk to the kids and say, How is it going? I start cleaning the grill, Ill go in and clean the bathroom. You talked about bringing new people in. You step back a little bit and everything starts coming. 2251 Landmark Pl, Manasquan, New Jersey, 08736, United States. What are you doing after this? I challenge them to see where their lives are and that, Youve got a future here. We go after it, were pretty focused and driven, but in a real positive way, we want people to have fun, enjoy it, because you enjoy it when youre doing your best, when youre putting it out there, trying to serve your community, and serve one another in the store. The McMahons together donated $5 million to the Trump Foundation between 2007 and 2009; the Center for Responsive Politics reported that Linda herself contributed $6 million to Trumps presidential campaign. Theres no way. The only way to rapidly grow at the rate that you have is to take that input and all that data out from the stores and then put it back into the process. Count me in. He is also the owner who took Jersey Mikes Who defends the presidents every nonsensical Tweet? What are the three things that you have to do every day to be successful and win? Now, Jersey Mikes has over 2,000 stores across the globe and is closing in on over $2 billion in annual sales. We were opening stores and we were investing everything we had back into growth. I remember years ago, people would always come in the store and theyre like, Peter, where do you get your people? Shes the one that found out about Karen and Morrill Worcester from Maine. I could see it in their eyes, their confidence, their energy, they care about the people there. Where do you determine what needs centralization at the headquarters level and the corporate entity versus what you decentralized down to owners? Trump trusts Feinberg so deeply that he assigned him to review the intelligence agencies that thus far have bedeviled the new president. Im just Peter, Im one of the workers. We raised enough money and we do it every year. Seen a celebrity? Thats critical. They see that leadership and they say, Ive got to get on this train.. I thank you for everything that youve done and for joining me here. Everybody said we should have a big celebration, but everything that happened negative in my whole career, building up to 1,000 stores, flashed in front of me. Im pretty proud of all of our team, our owners, the unbelievable efforts. Still is. Whats a local thing they like to do? Your training programs are a hallmark and again, unique to the industry. Since then Linda has become one of Trump's closest female friends. I said, This doesnt sound right, and its funny how different companies went and got in trouble because they got the money. We got all the stores looking good and sharp. The quality of being honest, having strong moral principles and to do whats right when no one is looking, is I believe how youve built yourself, how youve built this organization. Everybodys affected by COVID, but your location, your geography affect you in many different ways, whether it be local regulations or state regulations. Out there The YWCA Greenwich and over 30 community partners will celebrate the life of the Rev. It started when we went out in October, November, and December 2019. They leave their job, go to training and open up the store. You have that one documented step-by-step for potential new owners. We want people who have the energy that fits our whole philosophy of giving. No, theyre doing it out of their heart. For questions, contact Erin O. Crosby at [emailprotected] or call 203-869-6501, Ext. Youve spoken in the past about Tom Monaghan and him serving as a mentor. Where can we make an impact in peoples lives and make a difference? It starts out with small things. I applaud the efforts that youve made. There are many different causes of people around the country giving of themselves to other people. To date, Americares, a nonprofit disaster relief and global health organization, has provided 315 tons of critically needed supplies, including masks, gowns and disinfectants, to combat the spread of the coronavirus. I said, At the 2,000 stores, we are going to have a little gathering and be at the original store. "Every four years, dedicated athletes come together to compete at the Special Olympics USA Games, said Peter Cancro, Jersey Mikes founder and CEO. Martin Luther King Jr., A Testament of Hope: The Essential Writings and Speeches, Got a tip? Theyre going to say, Were giving 100%. Let me have the Cancro Special. We put it up on the menu, but it didnt sell enough, so its not about me. He wrapped in the real estate and the business and was able to package the whole thing. Go, give away the food, go to the hospitals, go to the police, the first aid. What do you expect from those that sit around you? They showed me the way if you will. It was not an option. For all the veterans out there, we thank you for that. It started to happen. The House select committee investigating the Jan. 6 Capitol riot has wielded former U.S. trade adviser Peter Navarros own boast about overthrowing the 2020 We were perfectly set up for it. Mr. Cancro, the founder and chief executive officer of Jersey Mikes Franchise Systems, is a graduate of Point Pleasant Beach High School. Im not sure how bright he is. Thats how I got the job. With little guidance and scarce resources, a few hundred specially selected, highly trained, innovative leaders turned the tide of the war. Harry Jaffe has been a journalist in Washington, D.C. for three decades. Whether thats slicing meat, baking bread, opening the store, closing the store, even starting a new store and the application process and then everything that goes in. It brings down the house anytime you watch it. Trump rewards loyalty, and Rudy has been steadfast from the gate. Thats what we do and were out in the suburbs, the soccer moms, middle-class income, but now coming in to more urban areas doing well also because people understand the value of our product. Youve got to keep coming. The return is unprecedented in the industry. Thatd be $40 million, 100 a year that we have to invest in our people, in our future. You have to approach them as they did in Mikes when I first joined in 71, that my voice mattered and you raise up each other and raise up together. Maybe if youre born with it, it does, he told The Real Deal, the Manhattan real estate publication, with a dig at his buddy. What direction should I go? While youre thinking about that, while youre worrying about everything, you go in the morning and you go to work. I saw a lot of our sales were coming from North Carolina and they lost 100,000 jobs. Go and help these people and feed them.. We care and show up every day. I enjoy watching your commercials. What are you going to do differently now that COVID is here? We had the tables and distance serving, mostly take out. It doesnt have to always be sports. Were a training company, ongoing training and support. Whenever I go, I look up at the menu because I dont know what it is, some of the numbers and when I left, there was 1 through 9. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Here on the show, in my work with veterans, we do so much analysis of this concept of hire for character and train for skill. All the Manzos, the Cancros, there were four Cancros that worked at the shop. Jersey Mikes itself is no charity, however: Its one of the fastest growing chains in the country, having increased systemwide sales by nearly 17% in 2019, and leveraging its mostly takeout model to thrive during the pandemic. Weve evolved as a business and rapidly changing. Years back, we put a wreath on every tomb in Arlington Cemetery. Whats the program and how are you selecting these individuals? He used his private equity firm, Cerberus Capital Management, to scoop up both Chrysler and GMC in 12 months, held them and sold them. Peter Cancro Took Jersey Mike's From. Scene Jersey Mikes Subs founder and CEO Peter Cancro stopped by the sandwich shops location in Riverside last Sunday. The contest is open to Greenwich residents only. Its having a culture that people can win together. Thats what you tell the kids. Mentors are so important for anyone. Ill start working with the crew. He is a white, non hispanic male registered to vote in Somebody gave me a shot. WebIn 1968 at age 14, Peter Cancro of Point Pleasant Beach, New Jersey, took a part-time job at Mike's Submarines, a neighborhood sandwich shop in the adjacent borough of Point Peter Cancro could be the poster child for the concept of doing well by doing good. I saw that we were going nowhere. I first went out trying to raise the capital and I found out this is more difficult than I thought. Look at your community and nominate people that are doing incredible things. That means were giving it our all. Its neat commercials coming out for it. Web1956. We keep it real. Cancro also held calls with franchisees to walk them through applications for Paycheck Protection Program loans, which they all received. Greenwich DPW looks to fix 'dangerous' intersection on Delavan Ave. It increased like you wouldnt believe, but it was entire families that worked at Mikes. It doesnt matter what you did before. That is the culture. Can you talk about that conversation? Lorber and Trump's friendship goes back 30 years in the New York real estate game. We found out, We probably should tell people what were doing because then people find out about it and then they want to be part of it. A friend of mine, Sarah Palisi Chapin, went to Purdue. They both like burgersLorber told an industry group last year his first stop after buying a Rolls-Royce was McDonalds drive-thru. That includes fundraisers held throughout March, the chains Month of Giving, including a Day of Giving in which 100% of sales go to charity, but it also includes a mentality of teamwork with franchisees. I called all the shots with the marketing, with this, with that. You can tell right away when you meet someone. Our growth for the next three years is going to be bigger and stronger than the last ten. The very first week, we cut our royalty and marketing fees in half. Very simply, we work hard. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. Thats how we go forward. Jersey Mike's Owner Peter Cancro: The Power of The Sub Sandwich. Its like when I was fourteen when I showed up at Mikes, my voice mattered. https://www.mashed.com/149053/the-untold-truth-of-jersey-mikes Out there Actor, director, producer and Americares board member Tony Goldwyn, a New Canaan resident, will host an Americares virtual volunteer event to commemorate the Martin Luther King Jr. National Day of Service. Its not hard to figure. (LeFrak was the other.). When you look at this, how do you stay grounded? They had to do three things every single day to be effective. How do you train those around you and what do you expect from those around you? You came into the business as a very young man. These leaders would be assessed using a specific set of character traits, but selected using the whole man concept, a combination of traits needed to simply get things done and win, no matter the challenge. He clearly craves attention, says Kozak, but even with that there seems to be a need to withdraw at least to a non-peopled form of solitude.. The business model has supported this being takeout only. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Their owners sponsor them, the franchise owner. They say Dominos and Starbucks is a technology company, so are we. He likes large crowdsthe largest crowdsand even after the election, he's organized campaign-style You need about $125,000 is what it was, which is about how much now? Subway is not even on it. Organizations will fail without transformative leaders. If they have their own attorney looking at the lease, that attorney may not know what to look for. Barrack roused and inspired the crowd, as Trump had hoped, but he also described his longtime buddy as having the discipline of an animal in the jungle, a line only a true friend would have the stones to say. WebPeter Cancro (age 65) is listed at 9705 Collins Ave Apt 2303n Bal Harbour, Fl 33154 and has no political party affiliation. To the mass, I said, This is how I got in. A whole sub is like, This is unbelievable. Thats what we saw. Now, theres this process. I go to some of the wealthy people that live in the neighboring towns and told them about what I was doing. Lower the costs, make sure the business model works and we have one of the most impressive business models in the industry, as far as what it costs to open and then what we gross. Thats a foundational element of your selection criteria because every store is partnered with a local charity and you encourage, almost require your owners to be entrepreneurs and givers into the community. Peter Cancro has been working as a Chief Executive Officer at Jersey Mike's Subs for 52 years. Hes the founder of Jersey Mikes Subs, which now has over 1,000 franchises. WebSupply Quality Product peter cancro political party the lowest price - uckg.or.ke peter cancro political party the lowest price. All of the co-ops are coming together. Rudy Giuliani and Donald Trump pose with jackhammers at the groundbreaking for the Trump International Hotel and Tower in New York in 1995. Its coordinated to the timeframe to open the store. She checked it and I saw her pointing to it. North Carolina happened and they were on a boom, then we opened up and stores started growing. We started to grow with the right people, with the great people, area directors, Dominos in California, Chicago, DC and Florida. Weve got to keep proving it out every day. Keith Schiller exits an elevator at Trump Tower in New York, NY. Banks went out of business. Whats happening? Theyre going through tough times, individually or as a family. I said, I cant celebrate, but Ill be back for 2,000 stores and well celebrate then. Its funny how it seems a few years later, here we are at 2,000 stores probably by August of 2021. Weve spoken a lot about the people. Were not going to quit? Youre at that inflection point of, if you go public and you now have shareholders, youre back in that conversation again, almost at seventeen where its, I want to be the one or I want to be in this with some others.. For more info and to register, go to www.greenwichlibrary.org. We set up the financing for them and with them. (View/download b-roll). Video of fatal police shooting of CT man will not be released yet, Cannabis activists want more CT criminal cases dropped, expunged, CT DOT faces criticism following overnight tree-cutting, Haar: $1M in payouts approved, and CT still has a garbage crisis. We talked about bringing in top-quality people, but you have made some very deliberate and conscious decisions to invest in the best people in the organization and the up-and-coming leaders of the next generation of owners. Worked at NYPD. I paid for everything. Can you explain it? Thats everything. Americares Chief Medical Officer Dr. Julie Varughese will join Goldwyn during the 30-minute online event to energize and encourage volunteers to virtually influence friends and family to spread positive messaging about mask-wearing, physical distancing and hand-washing. Its so touching seeing everybody from all walks of life, every race, creed, religion, everybodys there to support our service members. Working there for four years and seeing the business, I said to myself, No, I dont want a partner. Trumps security chief for the past 16 years, Schiller started as Trumps bodyguard in 1999, after a decade with the NYPD. Former p at NYC Police Department. Rudy. Ill be there in line. Just a quick note, anytime I change or say, Lets do it this way, I say why and explain it. If you think about it, the same culture, ethics, morals coming in with us. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. We give 3% of the sales for three years. We went around the country to 40 different co-ops and had hundreds of people in the room. I see an unprecedented movement in our country, for that matter, around the world, where you could see in peoples eyes, theyre looking to serving one another. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. Youre there for four years and in 1975, you find out the store is going for sale. I look at the kids and I never say, You did a good job. I say, How did I do? They go, You did okay. It levels you with them. Were four years in and youre at the 2,000 stores that youre closing on the $2 billion. Just Its always a learning process and Im the one that goes out every day and says, I want to learn. Theyre embracing their community from senior citizen homes to kids leagues, to first days at childrens hospital. How do you ensure compliance across 2,000 stores? Months went by and we started getting out of it and seeing a difference and then everybody finally came back within 1 or 2 years, but it was a good long time I was flat-lined. Were not five years. It was negative sales. Its expanded a bit. WebHost of FOX Business Network's The Claman Countdown, Liz Claman is joined by Jersey Mike's Subs CEO & Owner, Peter Cancro. You know how to do every job in that store and you do it well. It doesnt have to be that big. One night my mother said, I heard it was for sale, and I was a little bit taken off guard. You hear about millions and millions served. How do you assess their capabilities? We gave as many as five million subs out to first responders, healthcare workers, and senior citizen homes that were on lockdown. No one was lending money and we flatlined. Its a small town, Point Pleasant, an hour South of New York. You win a game, whats the next game? Another fellow, unfortunately, his child committed suicide, so he got involved in education and awareness for that. Im sure they give you a little look when you say, Let me have a Cancro Special.. WebWhen Peter was just seventeen years old, his football coach gave him a loan that would allow him to buy the sub shop in Point Pleasant, NJ where he had worked since he was LeFrak has been a Trump guest at Mar-a-Lago for more than a decade. Wreaths Across America is one of the many initiatives that you have, but a big one for veterans. When the governor shut down the states, they thought everybody was shut down. This is going to set the conditions for our rapid growth.. For more info and to register for the virtual event, visit www.americares.org/TakeActionNow. I would say that I see the same drive in you that you were probably when you walked in that door at fourteen years old. Ive got to tell you, Im announcing the Coach Rod Smith Sponsorship Award because my coach gave me a shot. People say, I could never do anything. I stood behind the counter since I was fourteen years old, meeting and greeting people. They started putting wreaths on the graves at Arlington Cemetery and their motto is, Remember the fallen, honor those who serve, and teach our children the value of freedom. That last line struck a chord with our company, with me, that I said, Weve got to get involved.. Ive got to get out there and do it. Somehow, we pulled it off and kept pushing harder than ever during that time. McDonalds at eleven, KFC at 25, Jimmy Johns at 72, and Firehouse Subs at 78. Its funny, we did not go after it. I have decided to stick to love. He remains by Trumps side day and night, at times pushing aside reporters and protestors. I saw that we were again flat-lined and lost a lot of sales every year. In 1943, the Allied Forces determined a new type of leader was required to win World War II. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png, Meet the innovative, inclusive and industry changing leaders of the 2021 NRN Power List, 2023 Informa USA, Inc., All rights reserved, Q&A with Angel Velazquez, area director, Jersey Mike's, Read about Scott and Ally Svenson, founders, MOD Pizza, Allowed HTML tags:

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