peter cancro politics
Where can we make an impact in peoples lives and make a difference? Youve spoken in the past about Tom Monaghan and him serving as a mentor. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. I have an aunt that was in a nursing home, so we made sure that we took care of her. LeFrak has been a Trump guest at Mar-a-Lago for more than a decade. In youth sports, I was captain of the teams and captain of this, I was the president of my class. Trumps security chief for the past 16 years, Schiller started as Trumps bodyguard in 1999, after a decade with the NYPD. Peter Cancro became the the fourth owner in 1975 of Jersey Mikes Subs, founded in 1956 on the Jersey Shore. It was unbelievable the outpouring of America to our stores to help contribute to the food banks. They had to be able to shoot, move and communicate. Its amazing to see all of our owners embrace that giving spirit and thats the most gratifying thing for me in business. What are you doing getting the money? I left that gentleman and I was back to ground zero and it was at the end of the week. Its so much work and involved. I dont know why but I pushed back. Host of FOX Business Network's The Claman Countdown, Liz Claman is joined by Jersey Mike's Subs CEO & Owner, Peter Cancro. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. In this episode, I spoke with Peter Cancro. 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. 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. Peter, thanks for joining me. Banks went out of business. 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. In 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 Donald Trump greets Small Business Administration head Linda McMahon during an event celebrating Womens History Month last month. It was small amounts for a small business. You meet up with one investor who wants a piece of the equity. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. A friend of mine, Sarah Palisi Chapin, went to Purdue. WebPeter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography - Bloomberg Markets Connecting decision makers to a dynamic network of information, people and Feinberg made his fortune buying long shots. Thats the culture that was there at Mikes. Look at your community and nominate people that are doing incredible things. 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. In each market, restaurant owners select charities that support local neighborhoods and build a stronger community. What would you say youve taken away from him in addition to what youve mentioned? McDonalds at eleven, KFC at 25, Jimmy Johns at 72, and Firehouse Subs at 78. We talked about that in two episodes ago when I had on the authors of The Talent War, Mike Sarraille and George Randle and we said the best advice they ever got was, plagiarize what works. I said, Weve got to do something. We have the capital, so I pivoted. A light switch went off. It was owners, assistant managers and managers. There were a couple of groups that wanted to do something, but they couldnt and I kept going. I rolled the dice and I said, Ill put everything on the table. We paid for the retrofits. To purchase the book a limited number of signed copies are available visit Dianes Books at www.dianesbooks.com. Her brother, Bud Thorne, was killed in the Battle of the Bulge. Ours is, Youve got to go to work. Two people work for 2.5 months and a third person works for 1.5 months. In 2020, we missed because of COVID. What happened that night? I went to visit every single owner and worked harder than I had ever done before. Nobody knows. I say community because thats what it is from owners to your corporate staff, to the employees. 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. It could be a small little charity Ive never heard of. Its about $400,000. Hate is too great a burden to bear., the Rev. It doesnt matter how experienced you are in business, whether youre a young leader or a senior executive, you have to have a mentor. "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. Entrepreneur Magazine has ranked Jersey Mikes number seven on the 2021 Franchise 500 ranking. 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.. Today, Jersey Mikes has over 2000 stores across the globe, and is closing in on over $2 billion in annual sales. What are we doing next month? Photo submissions must be sent via email to [emailprotected] and include: title and picture of sculpture, full name(s) of sculptor(s), and home address. Thats where I talked to you about it before. 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. And more importantly, should tuition go toward supporting bars around the XL Center? When youre getting involved, do you have financing? Its to see all those owners get it. You win a game, whats the next game? Sales started to rise, and in 07, 08, the company turned around. Scene Jersey Mikes Subs founder and CEO Peter Cancro stopped by the sandwich shops location in Riverside last Sunday. Where their heart is drawn then thats the charity that they support. Thats when we broadcast that we were the first franchise company in America, in the history of franchising, to pay for all the retrofits. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. Copyright 2023 Apple Inc. All rights reserved. Youve got to describe it too. Another initiative that you have is the Sub Abover Grants, which has been described as extraordinary people making a difference in their communities. I could never start something. No. 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. We think in 2021, over $8.5 million or $9 million, Im not sure, its something like that. All of that helped us with a digital component, which you read about all the restaurants. I got to the end of the line and I saw this young lady and there was something about her presence. Thats an investment in our owners. It ends up he worked with Tom Monaghan, head of operations for 4,500 stores. That has continued into the pandemic. 100 Percent of Sales Fund Local Charities on March 29 "Day of Giving", MANASQUAN, N.J., Feb. 28, 2023 /PRNewswire/ --Hoping to raise a record-breaking amount for charity this March, Jersey Mike's Subs, known for its authentic fresh sliced/fresh grilled subs, asks customers to eat a sub and help a local cause. The next morning was a Monday morning and thats when I called the owner, I said, Whats going on? Thats the way it is and I say, I started when I was fourteen, sprinkling, wrapping, like you and what youre doing. If I could first start off with thank you for your service with the military and thanks for your service to our country. 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. Sixteen years before Donald Trump debuted on The Apprentice, he jump-started his entertainment career at WWEs Wrestlemania IV. If you assess someone based on the character that they bring, a certain level of character traits, drive, resiliency, adaptability, humility, integrity, effective intelligence, team ability, curiosity, emotional strength, those are the nine that special operations forces assess and recruit on. We rose up and then we sent $2.5 million out to the owners to give to their local community. How do you motivate the owners? Trumps public persona is brash and relentlessly social. We found out about it. I want to talk a little bit about how you assess businesses. We say, Nothing. You operate under this value of put others first before yourself and you have different programs for different levels within the organization. I said, This doesnt sound right, and its funny how different companies went and got in trouble because they got the money. It was negative sales. 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 It was not an option. Now, were doing online virtual training. For more info and to register, go to www.greenwichlibrary.org. I stood behind the counter since I was fourteen years old, meeting and greeting people. Its like, You know what to do. Its the training and teaching them to make sure that its here too, that they dont fall off. When the governor shut down the states, they thought everybody was shut down. His work has appeared in Washingtonian, The Washington Post, Politico, L.A. Times, Yahoo News, NBC4.com, and Mens Health. Somebody gave me a shot. Id like to try and buy. Ive got two people demanding contracts. Peter discusses how his team maintains culture and excellence across all of their locations, the importance of giving back to the community and how Jersey Mike's has persevered through the COVID-19 pandemic.Follow Liz on Twitter:@LizClamanLearn more about your ad choices. When I heard that, I shrugged my shoulders and grinned and said, I guess well keep doing that. In 1975, when I went into business, I said, I was witness to Bob Hoffman, Hoffmans Ice Cream and Jack Baker from the Lobster Shanty, two local businessmen in Point Pleasant, that gave unconditionally to the youth, for the first day, to the community and I was a recipient of that and saw it firsthand. It had all of them listed. How do you train those around you and what do you expect from those around you? 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 Hoyt came on board in 2008 and at the time Dominos was in a downturn, they were not doing well. You can see it right online. 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. You need about $125,000 is what it was, which is about how much now? They both have places in Florida. I saw that we were again flat-lined and lost a lot of sales every year. 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. 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. Youre seventeen. Can you talk about those training programs and why are they so important to you and the business? Thanks, Fran. That book gave me hope. Peter Cancro's 5 Key Lessons From Managing a Billion Dollar Franchise Corporation for 43 Years 1. We are proud to honor Mr. Cancro for his outstanding corporate and civic leadership, said Monmouth University President Paul R. Brown. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. We care about it deeply and teach our children the value of freedom. Can you talk a bit more about the last Wednesday of every March, the Day of Giving, and then this March 2021 expanding that out to a whole month? When Trump Is at Mar-a-Lago, He's Among Friends, The Wealthy Donors Funding Trump's Transition, challenged Trump in the Battle of the Billionaires, which he won and got to shave Vinces hair in the ring, Your Privacy Choices: Opt Out of Sale/Targeted Ads. What is the landlord doing for work? I was like, How did you know? We want to be involved in everything. 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. 1 of 3. Charities include hospitals, youth organizations, food banks and more. Hes clearly over-stimulated by all the exposure and seeking some introvert-like withdrawal., Granted, it's a stretch to imagine that a serial tweeting president who picks public fights with actresses, congressmen, or anyone he imagines has crossed him might be secretly craving seclusion and contemplation. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. How can you tell them to give away all their product? It was fine. This is every franchise. 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. Are doing incredible things the owners to your corporate staff, to the employees Trump to... A third person works for 1.5 months every day, we go to and! Deeply and teach our children the value of put others first before and! Little bit about how you assess businesses two people work for 2.5 and! Or businesses owned by Informa PLC and all copyright resides with them in their communities away... A decade of America to our stores to help contribute to the end of teams... Talk about those training programs and why are they so important to you and what do have! He worked with Tom Monaghan and him serving as a mentor $ 2.5 out! Hospitals, youth organizations, food banks L.A. Times, Yahoo News NBC4.com! 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