Thats what we saw. What is the landlord doing for work? We have a big training that Brian Loughran, our head of training, is putting on starting after the month of giving, which is on April, May. Who stands up to Chuck Todd on Meet The Press to blunt criticism of his New York buddy? 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 It was an extraordinary time. 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. I saw that we were going nowhere. The technology component is interesting and amazing to hear that you were ahead of it by investing in that over the last couple of years and understanding the trends in the industry. We talked about these couple of things. We touched the core. Were four years in and youre at the 2,000 stores that youre closing on the $2 billion. Since then Linda has become one of Trump's closest female friends. Its amazing how many bills you can pay when you dont have any payroll. When 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 fou What are you doing with school? How did you find out? You know how moms are, they know everything. When we hit that 2,000th store, were going back to the original store in Point Pleasant, which is now the training center. No one is allowed to introduce me to the customers as the owner. How did you get through that? Thank you. I remember years ago, people would always come in the store and theyre like, Peter, where do you get your people? When the governor shut down the states, they thought everybody was shut down. For questions, contact Erin O. Crosby at [emailprotected] or call 203-869-6501, Ext. Thatd be $40 million, 100 a year that we have to invest in our people, in our future. Retracing the path of controversial Project Veritas founder James O'Keefe includes many stops in Connecticut. It ends up he worked with Tom Monaghan, head of operations for 4,500 stores. Thats critical. We went down and through the years, weve been involved, I dont know how many years now, but it was pretty cool. Even the crews. He wrapped in the real estate and the business and was able to package the whole thing. Thank you so much. Football has played a major role in the life of Peter Cancro, founder and chief executive of Jersey Mikes Subs, based in Manasquan, N.J. From Pop Warner leagues to playing for his high school team, the sport and the coaches he encountered taught him valuable lessons about teamwork and leadership and helped him pursue his It doesnt have to be that big. I went to visit every single owner and worked harder than I had ever done before. Were going to go over $2 billion in sales. How many times have you heard the coach say, Win or lose, I want you to hold your head high and walk off that field and know that you gave it your all, gave 100%? We dont demand it, but people see me running, not walking. Amazing stories come in. You go out to raise the capital. Hoyt came on board in 2008 and at the time Dominos was in a downturn, they were not doing well. All of a sudden, the banking environment in the Northeast was the worst hit, and around the country. People say, How did you do it? The restaurant joins Taco Bell and other big brands offering help Fox Business He came on board, we didnt call one person, but we had a lot of Dominos owners. But the people around him haven't changed much. We had amazing volume and did incredible business to the Jersey Shore. Peter Cancro, founder and CEO of Jersey Mikes Subs, pays a visit to the Jersey Mikes in Riverside on Sunday, Jan 10. Thats the movement that I feel weve started and we want to keep it going nationwide. You saw 2021 to 2023 being a period of time where you saw more growth in the last ten years combined. They leave their job, go to training and open up the store. In the White House at 6 p.m., hes happy to be alone in the private quarters eating a burger and watching TV news, says a Republican lobbyist who represents some of Trumps corporate insiders. But who else is in his inner circle? For me, its integrity. Its like when I was fourteen when I showed up at Mikes, my voice mattered. We went out and gave 50% off, which the people saw as a gift to them. Process improvement requires iteration. I go, Im not alone. 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. Im still fast, but Im messy, for the laugh and joke. If people want to give, they see it, theyll give, but then of course, Wednesday, March 31st, we throw that out and were full-court pressing, the giving. The contest is open to Greenwich residents only. They see that leadership and they say, Ive got to get on this train.. No, theyre doing it out of their heart. 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. With little guidance and scarce resources, a few hundred specially selected, highly trained, innovative leaders turned the tide of the war. We guide through the process of reviewing a lease, signing a lease, construction training. Everything at Jersey Mikes has a process down to every single detail. There was this one young lady who started giving blankets to homeless people. To celebrate the company's 13th Annual Month of Giving fundraising campaign, Jersey Mike's locations across the country are joining forces with more than 200 local charities. Trump has repaid the loyalty by giving Giuliani purview over everything cyber, which brings him into the White House or Trump Tower whenever he wishes. When the New York Times asked Trump for a list of his buddies, Lorber was one of two. You go out every day and you make a difference. No one was lending money and we flatlined. What are the three things that you have to do every day to be successful and win? Youve got to work with them. She met Hoyt Jones. 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. Schiller might be the only guy close to the president who isnt worth eight figures. Former p at NYC Police Department. Jersey Mikes has raised more than $28 million for charities since 2010. Its having a culture that people can win together. Are they looking for something in return? I want to ask you and take it back to something that was very important to the Jedburghs back in World War II. I knew they didnt have much money. I mentioned the nine of them as I defined them. You can tell right away when you meet someone. Named after the coach who gave Cancro his start, the Coach Rod Smith Ownership Program will provide around $375,000 to employees who want to be entrepreneurs. My toughest recession in beyond 2008. We gave as many as five million subs out to first responders, healthcare workers, and senior citizen homes that were on lockdown. Is President Trump a loner? She talks about giving over yourself is when you find out about yourself. Keith Schiller exits an elevator at Trump Tower in New York, NY. They want to come in and know you know what youre doing with municipality inspectors, with all these issues on the lease, the business terms. Youre there for four years and in 1975, you find out the store is going for sale. The places Trump used to retreat to were his eponymous New York tower or Mar-a-Lago; now it's the White House and Mar-a-Lago. 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 I had to lay off five people, including my brother because we were done. WebPeter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography - Bloomberg Markets Connecting decision makers to a dynamic network of information, people and As soon as I said it, now the owners are happy. They said, Let me have, then a number. I would love to. Can you talk a bit about that initiative? Peter Cancro is the Founder and CEO of Jersey Mikes Subs. "Philanthropy has This is fascinating because so many companies miss this opportunity in the training. It was owners, assistant managers and managers. Weve spoken a lot about the people. Where are you going? I enjoy watching your commercials. It was the original store at fifteen seats, and all takeout. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. They all come in with one and then they grow from there. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. We were the first to integrate with Uber and DoorDash, meaning take the iPad off the wall and it goes right into our system. 104. Passion for giving in Jersey Mike's local communities is reflected in its mission statement "Givingmaking a difference in someone's life." It brings down the house anytime you watch it. I saw a lot of our sales were coming from North Carolina and they lost 100,000 jobs. I said, Weve got to do something. We have the capital, so I pivoted. So many times, the commercials are not a reality, especially when you have an owner whos in, but with you, it is. The workers coming in are like, Whats happening? Trump and LeFrak go way back, so far back they made their first fortunes in the same terrain: apartment buildings in the outskirts of Manhattan. Peter Cancro became the the fourth owner in 1975 of Jersey Mikes Subs, founded in 1956 on the Jersey Shore. Thats our business. Im always about on the company, what are we doing this week? 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.. Now, were doing online virtual training. He used his private equity firm, Cerberus Capital Management, to scoop up both Chrysler and GMC in 12 months, held them and sold them. Somebody gave me a shot. He wrote a book about the politics of gun law with Gabby Giffords, as well as Why Bernie Sanders Matters, the only unauthorized biography of the Vermont senator. Although the pandemic forced the Day of Giving to be canceled in 2020, Jersey Mikes continued to raise funds switching its advertising from sports to news shows to drum up awareness and raising the equivalent of 22 million meals one weekend, which it gave to the charity Feeding America. The discussion will be moderated by Tiffany Donelson, president and CEO of Connecticut Health Foundation, with panelists Dr. Irene Blanco, associate dean in the Office of Diversity Enhancement at Albert Einstein College of Medicine; Dr. Juliet Mushi, OB/GYN and expert in maternal/fetal health at Yale School of Medicine; and Dr. Sten Vermund, dean and professor of public health and professor of pediatrics at Yale School of Medicine. They both have places in Florida. Youve spoken in the past about Tom Monaghan and him serving as a mentor. Donald Trump greets Small Business Administration head Linda McMahon during an event celebrating Womens History Month last month. It was fine. Its built into the price of opening the store and were proud of it. 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. You run fast and you have a lot of people following you. During tough times and problems, you can sit with a legal pad and try and work it out and ascertain, What should I do? Americares is also caring for patients at its primary care clinics in Colombia, Connecticut, El Salvador and India, and providing surge medical personnel in Peru to support health facilities overwhelmed by the pandemic. North Carolina happened and they were on a boom, then we opened up and stores started growing. We forecast it over $10 million in 2022. Youre a public company, thats not for you., The moves we took first were to cut the fees, so the owners, were with you. "I would like to extend a personal invitation to you and your family to visit Jersey Mike's Subs throughout the month of March, and especially on Day of Giving when 100 percent of sales every penny goes to help a great local cause," said Peter Cancro, Jersey Mike's founder and CEO, who started the company when he was only 17 years old. He began his What happens is you do it and people find out about it. The owners unbelievably kicked in as well. People could see tables in front 8 or 10 feet away making the product, contactless pickup and the digital. I say community because thats what it is from owners to your corporate staff, to the employees. He likes large crowdsthe largest crowdsand even after the election, he's organized campaign-style I have decided to stick to love. It hasnt always been ups and downs, you mentioned that a couple of times and you got into it there. What started off as 1 million free subs turned into 2 million founder, Peter Cancro said. But beyond family, loyal staff, and cabinet secretaries, who does Trump turn to when he needs to vent or seek guidance? She checked it and I saw her pointing to it. Do you get called out? We had somebody going through it. We just did it. (View/download b-roll). The right team assembled and kept working and slowly but surely, it started rising up. In We set up the financing for them and with them. You have the international component sitting in Australia too. We went around the country to 40 different co-ops and had hundreds of people in the room. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. We opened 210 stores in 2020 and were going to open 250 new stores in 2021. I told my story about how I got started. Martin Luther King Jr. by hosting a panel of experts for a Zoom discussion on Overcoming Racial Health Disparities: During and Beyond COVID-19 at 7 p.m. Thursday, Jan. 21. You might be on to something, says Arnie Kozak, a psychologist and the author of .css-gegin5{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#9a0500;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-gegin5:hover{color:#595959;text-decoration-color:border-link-body-hover;}The Awakened Introvert. That store, were going to call out a local charity and were going to run all day hard and give them money to make a difference.. Youd be surprised, they want to give some of their key people the opportunity. Everything I talked about before putting others first, subservient, leadership by example, it stands out. Thats the big thing. Peter Cancro could be the poster child for the concept of doing well by doing good. Ive got to get out there and do it. Somehow, we pulled it off and kept pushing harder than ever during that time. Another initiative that you have is the Sub Abover Grants, which has been described as extraordinary people making a difference in their communities. 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. Can you talk about those training programs and why are they so important to you and the business? It was over $7 million in 2020 and the goal in 2021 is $8 million? 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. A gentleman, Tom Monaghan, the Founder of Dominos Pizza, whos on our advisory group. You didnt have some advanced degree. Hate is too great a burden to bear., the Rev. Weve got to keep proving it out every day. The president might be big on glad-handing and back-slapping, but once the party's over, he goes back to his own bed. During the month of March, customers can make donations through the Jersey Mike's mobile app or onsite. Their owners sponsor them, the franchise owner. If you bring them in and they demonstrate those, you can then train them. There are hundreds of charities that we support and its all drawn from the heart. All the books in school and everything, I dont know if they teach or tell you about this, but there were a lot of up and downtimes. Host of FOX Business Network's The Claman Countdown, Liz Claman is joined by Jersey Mike's Subs CEO & Owner, Peter Cancro. It was unbelievable the outpouring of America to our stores to help contribute to the food banks. I want to get into that. Every item on this page was chosen by a Town & Country editor. If I could first start off with thank you for your service with the military and thanks for your service to our country. Donalds wealthy acquaintances come and go, says a builder whos done deals with Trump, but Tom was always there.. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. It started when we went out in October, November, and December 2019. There are 350,000 graves. Its like football season. Its not checking on them, its not filling out sheets, but coming in and working with them. We were opening stores and we were investing everything we had back into growth. Its real, its genuine and its who we are. It doesnt matter how experienced you are in business, whether youre a young leader or a senior executive, you have to have a mentor. Youve got to know exactly what its going to cost. Im pretty proud of all of our team, our owners, the unbelievable efforts. I hate that in the supermarket when you go in and they say, Do you want to give a dollar? Youve got to be careful with that. There are entire classes on the evolution of a company, in the cycle of a company, but few people ever stand up and say, This is how I lead my organization through this. There are inflection points there. Jersey Mike's Owner Peter Cancro: The Power of The Sub Sandwich. Peter was named to the 2021 Power List by Nations Restaurant News. Cancro was there to say hello and thank the employees for their hard work during the COVID-19 pandemic and for their dedication to giving to the community. I can do it better. Thats truly inspirational as a leader, especially in such a large organization, for someone to come in and be able to do every job. It was that Sunday night, so a week later and he said, We can do something, and he did. It instantly builds this credibility. Today, that shop has grown into the over one-thousand-location sandwich franchise, Jersey Mike's Subs. Everybody helping each other rise up, if you will. Contact: Kyle Potvin, kpotvin@splashllc.com, 917-838-4500, View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-13th-annual-month-of-giving-in-march-301757134.html, https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-13th-annual-month-of-giving-in-march-301757134.html, Petrobras Payout Rewards Investors Who Ignored Lula Risk, Record retail theft puts pressure on Australian supermarket giants, UPDATE 1-Australia's Nitro Software recommends $360 mln Potentia offer, Defence contractors target Australia as it gears up to counter China, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. Were the most affordable, but youve got to figure it out. The basic style has always been to be subservient, to put others first before yourself. I called all the shots with the marketing, with this, with that. We didnt start expanding until 87 and then we grew. I was like, How did you know? An expert is, were open, so you sell a lot of stuff. We say, Nothing. We were going down, we were getting crushed. I rolled the dice and I said, Ill put everything on the table. We paid for the retrofits. I came back on March 15th from Vermont. The differentiator between a successful franchise owner and In 1991, we were on a rise. Thats what you tell the kids. Wreaths Across America is one of the many initiatives that you have, but a big one for veterans. We became friends and he came into the company in 2008, but thats when I met Mr. Monaghan and I said, Ive got the book on every single page highlighted about what happened to him. It helped me through that time. I tell a lot of people that I work with companies, teams, and organizations that nobody cares what you did yesterday. Newsmax leaned to the right before it was even slightly cool. We may earn commission on some of the items you choose to buy. Rudy. Thomas Barrack, chairman of the Presidential Inaugural Committee, greets Vice President Mike Pence at Donald Trumps inauguration. How do you assess their capabilities? Thats how it started, thats how we got together. WebFormer Union representative at NYPD Retired. Thanks, Fran. His work has appeared in Washingtonian, The Washington Post, Politico, L.A. Times, Yahoo News, NBC4.com, and Mens Health. People from within bought and grew, and got into their own store. All year long, were involved in giving, but March is a special month where we hope we raise maybe $8.5 million or $9 million in one day and during the month people come in and they take a slip, they add onto the sub amount and give. Trump craves positive stories in the news media; but the news outlets dont always deliver. We find the site next to Starbucks, Chipotle, Panera Bread, or the Five Guys. Thats where our heads are at. That means were giving it our all. Its neat commercials coming out for it. Thats where I talked to you about it before. Well give all the proceeds. You hear about millions and millions served. Its comprehensive. We look at the thousands of applicants that come in and we choose quite a few winners and we give money towards their cause. Do you expect them to match that drive? 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. For all the veterans out there, we thank you for that. Peter Cancro has been in the same business for nearly 50 years. Who Is Nikki Haley's Husband Michael Haley? They had to do three things every single day to be effective. Youre not above them, youre with them. Thats what brings everything together. It starts with a single sub shop on the Jersey Shore. They talk about these kids and it was funny in the 70s, they say, These kids today, you dont understand. The 80s, the 90s and still now, all these kids are great. A friend of mine, Sarah Palisi Chapin, went to Purdue. DPW looks to fix 'dangerous' intersection, Greenwich residents on SoundWaters board, and other news, Greenwich prepares for snow storm, expecting 3-7 inches, In photos: Dragon Dance celebrates restaurant grand opening, Greenwich commission OKs historic ID of Samuel Ferris house, See inside Mikes Organic market after makeover in Cos Cob, In Photos: Greenwich Hospital teaches hands-only CPR, Poll workers honored at Central Middle and other local news, Greenwich budget committee considers cuts to public works, police spending, painting town hall, Here are 8 new Connecticut restaurants to try in March, Stamford's Alive At Five summer concert series announces 2023 dates, Two Greenwich residents among new SoundWaters board members, and other celebrations, Greenwich police: Man charged in Milford stalking also suspected of trying to kiss teen walking dog. If youve had to work for it like most of these guys, it helps you understand." When you look at this, how do you stay grounded? The grandson of Lebanese Christian immigrants, Barrack built a fortune from nothing and now manages $60 billion in assets with Colony Capital fund, much of it for Arab investors. Wreaths Across America. On a store level and thats where we always go. Granted, that was how many years ago, but she said, He never came home for Christmas. If you relate that to these times, when she would say it to kids, He was a kid, he was a teenager and he never came home for Christmas, it doesnt matter if its many years ago, its still relevant. There were a couple of groups that wanted to do something, but they couldnt and I kept going. I want to talk about your leadership style because thats an important part of this story. The very first week, we cut our royalty and marketing fees in half. 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. How do you ensure compliance across 2,000 stores? Come down with me. 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. Its an extraordinary business. Its always a learning process and Im the one that goes out every day and says, I want to learn. In 1988 pro wrestling magnates Linda and Vince McMahon were holding their tournament at Trump Plaza in Atlantic City. How do you motivate the owners? We went city to city and you would think that they would find out about it but for some reason, they didnt. Please join us and make a difference this Wednesday, March 30, when 100 percent of sales from all Jersey Mikes Subs locations will be donated to help raise up these athletes. Thats always been the mentality and now were here to serve our owners. Were inundated in the summer. 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