Peter Cancro Net Worth – How Much Is Peter Cancro Worth?

The famous American entrepreneur, Peter Cancro, has a net worth of $400 million. He co-founded Jersey Mike’s Subs and is the fourth owner of the franchise. Today, Jersey Mike’s has more than 1,500 locations in the United States and Canada. It generates over $2 billion in gross revenue every year.

Peter Cancro was born in Point Pleasant, New Jersey on May 15, 1957. In 1971, when he was fourteen years old, he began working at a local Mike’s Submarines sandwich shop. There, he met a football coach who was willing to loan him money to buy the company. However, the owners were looking to sell for $125,000. This was the beginning of Peter’s career as an entrepreneur.

Peter Cancro graduated from Point Pleasant High School in 1975. Shortly after high school, he married his first wife, Linda, and together they started a business in the food industry. They opened a few stores. A few years later, they decided to expand the business and open more stores. Their first store was in the town of Manasquan, New Jersey. Later, he expanded the franchise to more than 350 restaurants in the United States.

Peter Cancro’s net worth comes from the Jersey Mike’s business. According to him, his family encouraged him to start a business. When he was 17, he decided to go into the sandwich business instead of going to college. His mother suggested that he do so. At the time, he had plans to go to law school at the University of North Carolina.

After working for Mike’s Submarines, Peter decided to franchise the company. He had an ambitious goal of opening 2000 stores by 2020. By 2014, the company had reached 750 stores. As of today, the company is growing fast. Each year, Jersey Mike’s tries to give back to the community, donating $5 to $7 million. On the “Day of Giving” in March, 100% of sales go to local charities.

Peter’s wife, Linda, also has a business. She works in the same industry as her husband, and they both love interacting with customers. During their 20-year marriage, the two had two children. Despite their divorce, the two remain close. Their daughter, Caroline, is a senior vice president at Jersey Mike’s. Tatiana, on the other hand, is a little younger. While they don’t have children together, they are good friends.

The famous businessman, Peter Cancro, has worked hard to earn his wealth. He has a strong personality and has been able to build an empire of 1500 sandwich shops. He has worked for the company for many years. And he has made a lot of money from his managerial position. He is still the CEO of Jersey Mike’s.

Although Peter has been successful in building a business, he has had a tough life. He was once a high school dropout and had to rely on loans to survive. He has also struggled with bankruptcy. But he has risen from his lowly beginnings to become a powerful entrepreneur.