peter cancro politics
Email Susie Costaregni at [emailprotected], The Dish: Founder of Jersey Mikes drops by Riverside store, Motherlode: When teenagers blame parents for iPhone-ruined lives, Budget committee considers cuts to police spending, road paving, 2023 Hearst Media Services Connecticut, LLC, Bumpouts in Byram? They want to be part of it, they know making a difference in peoples lives. Donald Trump, Karen LeFrak, Melania Trump, and Richard LeFrak at an American Ballet Theater benefit at the home of Julia and David Koch in 2007. They didnt know that certain businesses would be open. Heres what I did. I hear what you do for the community. It starts out with small things. You had about 1,000 stores, you were doing about $1 billion in revenue and you told me, In the next five years, were going to double. Initially, we had three weeks training and they were going to open a store and now, its almost three months. I say, Did you play any sports? 1979 - 2000. That is the culture. Thats when we broadcast that we were the first franchise company in America, in the history of franchising, to pay for all the retrofits. You know how to do every job in that store and you do it well. It was fine. How do you assess their capabilities? 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. Hes the founder of Jersey Mikes Subs, which now has over 1,000 franchises. Its a constant going into the stores and several times a month working with the crews. We dont call them franchisees, we call them partners, we call them owners. Youve got to know about the grease trap. Do you expect them to match that drive? Code name Jedburghs three-man teams parachuted behind enemy lines onto the shores of occupied France during the nighttime hours before D-Day. If you shut the news off, theres so much negative and hate there, and youll see the good out in this country. I say that during the rush. I heard about this and I wanted to be here. Its amazing, you could see it on our website, Wreaths Across America. You can see it right online. We started growing again in 94, 95. I think about my time in the military and we trained for years, for minutes to hours of execution. Where do you determine what needs centralization at the headquarters level and the corporate entity versus what you decentralized down to owners? One of the Gold Star Mothers whose son died tells a story at our national meeting and we made a video out of it and it was so heartfelt. We were ahead and ready for this because of our investment two years prior. Jersey Mike Has Collected More Than $28 Million For Charity Since 2010. Today, that shop has grown into the over one-thousand-location sandwich franchise, Jersey Mike's Subs. Rudy Giuliani and Donald Trump pose with jackhammers at the groundbreaking for the Trump International Hotel and Tower in New York in 1995. Thats $75,000 per store. 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%. The owner put the place up for sale and we all knew, but you know how businesses are when its for sale, its quiet. Thats part of it and getting people to come along. 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. But the people around him haven't changed much. It instantly builds this credibility. But Lorber considers himself to be a man of the people who believes super wealth doesnt stand in the way of relating to the masses. We were talking before we started and you said youre coming up on 50 years where youve been in this business and from the start of Mikes Subs. We dont say, Would you like to give? They see it and they want to give because they want to give. Thats how we go forward. When I meet somebody, I know if we want to go forward with them or not. 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. Do people come in and say, Thats Peter.. He befriended Trump while negotiating the Plaza Hotel deal in the 1980s and cemented their friendship though the decades, so much so that Trump asked Barrack to run his inauguration. Some franchise, its 5 to 10 days. Another fellow, unfortunately, his child committed suicide, so he got involved in education and awareness for that. It was funny, I was in the Greenwich, Connecticut store and I had a whole crew of folks lined up and dynamic young people then some older people. We said, This is starting to grow.. People say, How did you do it? Its not so much compliance. Charities include hospitals, youth organizations, food banks and more. In 2019, it was over $7.5 million. Thats so mature to think about at seventeen years old. We'd love to learn more about you, your team, and your challenges.Talent War Group is ready to help. There are many different causes of people around the country giving of themselves to other people. That means were giving it our all. Its neat commercials coming out for it. Passion for giving in Jersey Mike's local communities is reflected in its mission statement "Givingmaking a difference in someone's life." What happens is you do it and people find out about it. https://www.mashed.com/149053/the-untold-truth-of-jersey-mikes 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. Youve got to know about the air conditioning, the heat. What motivated you to start that? How well are the other businesses doing? How do you train those around you and what do you expect from those around you? I saw that we were going nowhere. Feeding America came and we got involved with that. Location. Its to see all those owners get it. Number 8860726. The annual event is free and open to the public. When the New York Times asked Trump for a list of his buddies, Lorber was one of two. To me, youre someone who leads by example and weve seen the commercials. Their owners sponsor them, the franchise owner. I said, This doesnt sound right, and its funny how different companies went and got in trouble because they got the money. You have a tremendous drive. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. I have to only think, what happened if you had to become a 50/50 partner with this person? Were going to be handing out shirts nationwide, 2,000 Strong and right underneath, Make A Difference. We try and get involved in the community, make great products and great service. I felt strong about weve got to make a move and we did. How have you thought through that evolution of the company? Its making a difference in someones life. 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. For all the veterans out there, we thank you for that. Thats what you tell the kids. 3316 Bee Cave Road, Ste DAustin, TX 78746, Copyright talentwargroup.com 2023 | All Rights Reserved, https://Fortune.com/2020/03/16/how-i-got-started-jersey-mikes-peter-cancro/. In each market, restaurant owners select charities that support local neighborhoods and build a stronger community. We marketed like never before, with unprecedented push with marketing and awareness. Youve got to work with them. July 1980 - April 2000. I went into a meeting and I said, Hows everything going? They said, Good. The next day, I said, Were going to 360. I doubled it. Schiller might be the only guy close to the president who isnt worth eight figures. You didnt have some advanced degree. Well give all the proceeds. 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. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. The next day, you start the next drive. 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. Every item on this page was chosen by a Town & Country editor. Its nice to see, but one of the biggest challenges with training is compliance. Trump trusts Feinberg so deeply that he assigned him to review the intelligence agencies that thus far have bedeviled the new president. Weve evolved as a business and rapidly changing. Wreaths Across America is one of the many initiatives that you have, but a big one for veterans. Nobody knows. It was an extraordinary time. (View/download b-roll). Everybody felt it was strong. Web page addresses and e-mail addresses turn into links automatically. Ive got to tell you, Im announcing the Coach Rod Smith Sponsorship Award because my coach gave me a shot. He went through this. Everything that happened to me, happened to him. 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. Can you talk about those training programs and why are they so important to you and the business? I go, Im not alone. One night my mother said, I heard it was for sale, and I was a little bit taken off guard. Im like, What is going on? In January of 06, it was one of the lowest points, believe it or not. We want to be involved in everything. Where are you going? All of a sudden I said, Were going to advertise on the news. We were on all the major network channels and the morning show news and we hit it hard. He wrote a book about the politics of gun law with Gabby Giffords and authored Why Bernie Sanders Matters, the only unauthorized biography of the Vermont senator. Its $175,000 with marketing, with everything included. No, theyre doing it out of their heart. Its always a learning process and Im the one that goes out every day and says, I want to learn. It was impressive and we sit here in 2021. Peter Cancro, founder and CEO of Jersey Mikes Subs, pays a visit to the Jersey Mikes in Riverside on Sunday, Jan 10. I paid for everything. Thank you. 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. Are they looking for something in return? How did you find out? You know how moms are, they know everything. Always pull people along, never push them. I said, At the 2,000 stores, we are going to have a little gathering and be at the original store. My brother worked there the year before I did and he told the owners, My brother, I know hell work hard. Martin Luther King Jr., A Testament of Hope: The Essential Writings and Speeches, Got a tip? We track the sites. Amazing stories come in. If you have that mindset as a company that, Were here to serve and were here to learn, and you go through these different openings and the new people coming in, they want to come in and have a proven system. The very first week, we cut our royalty and marketing fees in half. When you look at your team, thats hard to replicate. Entrepreneur Magazine has ranked Jersey Mikes #7 in the 2021 Franchise 500 Ranking. What would you say youve taken away from him in addition to what youve mentioned? Youve spoken in the past about Tom Monaghan and him serving as a mentor. Thats the way it is and I say, I started when I was fourteen, sprinkling, wrapping, like you and what youre doing. We started to grow with the right people, with the great people, area directors, Dominos in California, Chicago, DC and Florida. 2251 Landmark Pl, Manasquan, New Jersey, 08736, United States. McDonalds at eleven, KFC at 25, Jimmy Johns at 72, and Firehouse Subs at 78. It was only ten people on the roster total. We had 180 hours and we were good. He likes large crowdsthe largest crowdsand even after the election, he's organized campaign-style We were the first to integrate with Uber and DoorDash, meaning take the iPad off the wall and it goes right into our system. I rolled the dice and I said, Ill put everything on the table. We paid for the retrofits. I immediately said, No, and I wish I could tell you why, but instinctively I said, Im not going to do it. I tell that to all the young folks that were looking to back in their store with a new coach, Rod Smith Award, I say, Dont take a partner.. I mentioned the nine of them as I defined them. Seen a celebrity? They said, Let me have, then a number. Its so touching seeing everybody from all walks of life, every race, creed, religion, everybodys there to support our service members. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. You have that one documented step-by-step for potential new owners. With 2,000 stores, were going to have a special celebration. There are 2,000 stores at this point. 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.. This is what were going to do. Thats where it comes from. You didnt check all these boxes. Ive got to get out there and do it. Somehow, we pulled it off and kept pushing harder than ever during that time. Very simply, we work hard. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. Thats why we never said a word about our giving for decades. 1 of 3. It had all of them listed. We sent them subs and cookies. 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 fourteen. He used his private equity firm, Cerberus Capital Management, to scoop up both Chrysler and GMC in 12 months, held them and sold them. You thought about going public because there were economic indicators of a downturn. He is a white, non hispanic male registered to vote in Bumpouts in Byram? We look at the thousands of applicants that come in and we choose quite a few winners and we give money towards their cause. I have to know, where did it come from? Thats the culture that was there at Mikes. It was around 2016, I looked around the conference table, I looked at Boyd, Mike, and some of the other folks, the team and I said, Were doing pretty well, and thats how it happened. "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. They want to grow and do the same thing. What we started with the Sub Abovers is going out and saying, You know people in your own community, what are they doing? They nominate the folks that they are impressed with. Its mid-December on a Saturday and be part of it. It was an honor and I try to live up to it every single day. 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. 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 Youre investing three times more time into training than any other food service franchise. My toughest recession in beyond 2008. In order to get iteration, you have to have feedback. We help them with that go to these lenders. Thats $150 million. Does it make common sense? What is the landlord doing for work? It was a lot of emotion in the room, owners and peers, and it was an unbelievable time. Trump made him director of Oval Office operations. As you said, we got to 1,000 stores and I didnt want to celebrate. It doesnt have to be that big. We met in 2017. We had our head down, we were working non-stop, growing and giving to the owners and all as a team, and sooner or later, we stepped back and evaluated. We give 3% of the sales for three years. At that time, I was an MBA student and so obviously I knew everything about business and I was like, This is insane. Its one step, you have a vision and if you can execute on it, it doesnt matter what youre doing, you put your head down and you will get there and succeed. Many franchise companies dont do what we do. Before Breitbart, before Bannon, there was Newsmax and Christopher Ruddy. Its amazing the momentum that weve got. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. Ive got to tell you where it comes from. Anyway, seventh place, well take it, but we cant get hung up on the articles or the clippings. We care about it deeply and teach our children the value of freedom. 2021 comes, an entrepreneur releases the Franchise 500 and Jersey Mikes gets ranked to number 7. Peter Cancro, founder and CEO of Jersey Mikes Subs, pays a visit to the Jersey Mikes in Riverside on Sunday, Jan 10. Its an extraordinary business. During tough times and problems, you can sit with a legal pad and try and work it out and ascertain, What should I do? If they have their own attorney looking at the lease, that attorney may not know what to look for. I started having that and people would come in and say, Let me have that Peter sub. 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. Who wants to own their own store? You shouldve seen it. Thats how it started, thats how we got together. The Best Window Replacement Companies in CT, Guide to Legal Cannabis Dispensaries in CT, The Best Kitchen Remodeling Companies in CT, The Best Cosmetic Dentists in Westchester County. As Ive said often, its starting to grow. Whats empowering that people love is when they can be real and genuine, and not some script by the company. /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: . Were inundated in the summer. Lorber and Trump's friendship goes back 30 years in the New York real estate game. We rose up and then we sent $2.5 million out to the owners to give to their local community. Weve raised millions for Wreaths Across America. I saw a lot of our sales were coming from North Carolina and they lost 100,000 jobs. We touched the core. Youve got to guesstimate how many subs youre going to sell a day. I want to grow. Its so much work and involved. I dont know why but I pushed back. We went around the country to 40 different co-ops and had hundreds of people in the room. For more information, visit jerseymikes.com/mog. Entrepreneur Magazine has ranked Jersey Mikes #7 in the 2021 Franchise 500 Ranking. It started when we went out in October, November, and December 2019. This is a carousel. Im sure they give you a little look when you say, Let me have a Cancro Special.. He came on board, we didnt call one person, but we had a lot of Dominos owners. "Every four years, dedicated athletes come together to compete at the Special Olympics USA Games, said Peter Cancro, Jersey Mikes founder and CEO. I came back on March 15th from Vermont. 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.. I know the hospital workers are heroes and all that, but the families and kids. I had never been on TV before with commercials, but I felt, Ive got to step up. It doesnt matter what you did before. Its a whole culture. All of a sudden, the banking environment in the Northeast was the worst hit, and around the country. Its part of what I saw and received as an athlete. I had to lay off five people, including my brother because we were done. Thats an investment in our owners. Youve got to put enough meat on, youve got to have a speed of service, youve got to be ready for the people coming in and now those tickets with the bags to go. North Carolina happened and they were on a boom, then we opened up and stores started growing. We were willing to help people that were out of jobs and work, and then we kept pushing. Thats everything. 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. This is every franchise. To be ranked seventh, I joke sometimes, I think were doing a few things right. Its that humble approach that we show up every day, we go to work and go after it aggressively. Somebody backed me. Id like to try and buy. Ive got two people demanding contracts. He wrapped in the real estate and the business and was able to package the whole thing. I say community because thats what it is from owners to your corporate staff, to the employees. I could see it in their eyes, their confidence, their energy, they care about the people there. I would love to. Newsmax leaned to the right before it was even slightly cool. They both like burgersLorber told an industry group last year his first stop after buying a Rolls-Royce was McDonalds drive-thru. Thats a good location. Trump rewards loyalty, and Rudy has been steadfast from the gate. WebPeter Cancro (age 65) is listed at 9705 Collins Ave Apt 2303n Bal Harbour, Fl 33154 and has no political party affiliation. I know it was very prevalent after 9/11. You hear about millions and millions served. Sixteen years before Donald Trump debuted on The Apprentice, he jump-started his entertainment career at WWEs Wrestlemania IV. Youd be surprised, they want to give some of their key people the opportunity. He likes large crowdsthe largest crowdsand even after the election, he's organized campaign-style rallies to get time with his adoring fans. We may earn commission on some of the items you choose to buy. I applaud the efforts that youve made. 104. It was the leadership thing, taking charge was pretty easy for me. Everybody helping each other rise up, if you will. Theyre looking out to help one another. We say, Nothing. With little guidance and scarce resources, a few hundred specially selected, highly trained, innovative leaders turned the tide of the war. It is impactful and it is certainly noticed by everybody. Peter Cancro, board member of the Hackensack Meridian Health Foundation and Founder and CEO of Jersey Mike's Subs, was named to ROI Influencers: Power List 2021 Executives Kevin Slavin, CEO of St. Joseph's Health, a clinical and strategic partner of Hackensack Meridian Health, was named to ROI Influencers: Power For more info and to register, go to www.greenwichlibrary.org. It was over $7 million in 2020 and the goal in 2021 is $8 million? Can you explain it? It was only $15 million total, but it was all the money in the world back then. How would you describe your leadership style and how do you approach your interaction with all facets of the company because you have the corporate entity, but then you have the owners and the employees of the actual stores? Organizations will fail without transformative leaders. If youre working with the old crew and its tough for them to maybe swallow, but it was a small nucleus of people. For our giving, a lot of businesses youll see are getting involved in charities and giving a portion of their sales, theyre like, Were going to give so much. It seems cause-related marketing is what the experts will tell you, you should be doing. Its comprehensive. You saw 2021 to 2023 being a period of time where you saw more growth in the last ten years combined. I enjoy watching your commercials. We think well have about 25 stores opening up within 2022 and then we hope to get the 50 to 100 deals a year. To purchase the book a limited number of signed copies are available visit Dianes Books at www.dianesbooks.com. We put up all the money, we signed the lease. Thats the entire days sales going to charity. You cannot double 1,000 stores in five years and get there and then go from $1 billion to $2 billion in five years. I thought about it and I was looking at you through the course of this meeting and there was no hesitation in your voice, but sheer confidence in your eyes. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Im not sure how bright he is. Thats how I got the job. She said, When are we going to open a store in Springfield, Mass? I said, When you open one. I looked right at her because I knew that I was going to go ahead with her and shes going to be one of the Coach Rod Smith Award recipients. I like what you said there about you have the book. You see it affected us and then our stores were old and tired. Wreaths Across America. Everybodys affected by COVID, but your location, your geography affect you in many different ways, whether it be local regulations or state regulations. Were a training company, ongoing training and support. 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. It was a tough time, 91. It is not mandatory. Were going to be the national sponsor. 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.. It was the original store at fifteen seats, and all takeout. During the month of March, customers can make donations through the Jersey Mike's mobile app or onsite. Because of our track record and the strength of our franchise company, we have lenders that are ready to go if certain people need a general requirement. It starts with a single sub shop on the Jersey Shore. Peter Cancro (center), Founder & CEO, Jersey Mikes Franchise Systems, Inc., celebrates the companys 2022 Day of Giving at Jersey Mikes in Point Pleasant Beach. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Youre on the road most days, youre in every store and you know every owner.