Its real, its genuine and its who we are. We dont call them franchisees, we call them partners, we call them owners. 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 Once in a while, I say, Wow. I look at this and I had a talk with my mother who passed away years ago and I said, Mom, what do you think of this? Its a franchise ranking of not just restaurants, but all franchise companies. We got along fine and worked together okay. Im sure they give you a little look when you say, Let me have a Cancro Special.. The campaign culminates with the nationwide event, Day of Giving, on Wednesday, March 29, when local Jersey Mike's owners and operators will donate their resources and every single dollar that comes in to local charities. Im always about on the company, what are we doing this week? The owners unbelievably kicked in as well. We had 180 hours and we were good. We were opening stores and we were investing everything we had back into growth. Its amazing the momentum that weve got. I came back on March 15th from Vermont. Youve got to keep coming. You walk down the street and go, How are you doing? Everybody was together. 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. Ill be there in line. Peter Cancro has been in the same business for nearly 50 years. How many breads are going to go out the door? We rose up and then we sent $2.5 million out to the owners to give to their local community. If they could do these three things with precision every day, they could solve any challenge that came their way. Jersey Mike Has Collected More Than $28 Million For Charity Since 2010. It was an extraordinary time. They say Dominos and Starbucks is a technology company, so are we. We were there. We opened 210 stores in 2020 and were going to open 250 new stores in 2021. Its always a learning process and Im the one that goes out every day and says, I want to learn. In 1991, you borrowed some money. Dont walk when you can run philosophy. The annual event is free and open to the public. Since then, Jersey Mike's annual Month of Giving has raised more than $67 million for local charities. When we were talking one time, you told me that this growth rate is going to continue over the next couple of years. For all the veterans out there, we thank you for that. Its a whole culture. 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. WebHost of FOX Business Network's The Claman Countdown, Liz Claman is joined by Jersey Mike's Subs CEO & Owner, Peter Cancro. I want to ask you and take it back to something that was very important to the Jedburghs back in World War II. Peter Cancro could be the poster child for the concept of doing well by doing good. Were inundated in the summer. Dont do this, dont market, but I went in the complete opposite direction that everyone said we should go. Thats our business. You talked about having to lay everybody off. We care about it deeply and teach our children the value of freedom. 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 We like to call it the power of the sub sandwich. He remains by Trumps side day and night, at times pushing aside reporters and protestors. Its an amazing story. You know how to do every job in that store and you do it well. Where their heart is drawn then thats the charity that they support. 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. Process improvement requires iteration. Its not hard to figure. Were not five years. The core of any good business and anything, a family, organization, team, businesses is good people. As you said, we got to 1,000 stores and I didnt want to celebrate. Were going to have commercials out about franchisees, what they care about, and what they care about giving. Ivanka trusted him to ensure Jared would return safely from his brazen trip to Iraq. I enjoy watching your commercials. I told that story to a national audience when Mr. Monaghan was there for a talk a few years back. We met in 2017. It was impressive and we sit here in 2021. We showed up every day. 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.. Thats a good location. 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.. Its comprehensive. Worked at NYPD. Based in West Palm Beach, Newsmax is close by Mar-a-Lago, where Ruddy became a frequent guest. You know what Im saying. This show is a conversation with prominent visionaries, drivers of change and those dedicated to winning. (LeFrak was the other.). Peter Cancro is the Founder and CEO of Jersey Mikes Subs. Registered in England and Wales. We are proud to honor Mr. Cancro for his outstanding corporate and civic leadership, said Monmouth University President Paul R. Brown. 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.. Banks went out of business. Amazing stories come in. Passion for giving in Jersey Mike's local communities is reflected in its mission statement "Givingmaking a difference in someone's life." You see it affected us and then our stores were old and tired. He obviously relies on his children for advice and affection. I have an aunt that was in a nursing home, so we made sure that we took care of her. I picked up the book, Pizza Tiger and read that. In 2019, you opened 181 stores and in 2020, you were on track for 200. Were here to serve our customers and it trickles down if you will, that whole mentality, that attitude of putting others first before yourself. 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. Thats what we saw. I rolled the dice and I said, Ill put everything on the table. We paid for the retrofits. Web1956. We try and get involved in the community, make great products and great service. When the New York Times asked Trump for a list of his buddies, Lorber was one of two. 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. 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. I say community because thats what it is from owners to your corporate staff, to the employees. Jersey Mike's Owner Peter Cancro: The Power of The Sub Sandwich. We find the site next to Starbucks, Chipotle, Panera Bread, or the Five Guys. When I first started there, my voice mattered. Its why youve had success. That is so great. 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. Anyway, seventh place, well take it, but we cant get hung up on the articles or the clippings. You go out every day and you make a difference. Were going to be handing out shirts nationwide, 2,000 Strong and right underneath, Make A Difference. Seen a celebrity? Hate is too great a burden to bear., the Rev. People say, How did you do it? Its funny how I pick it up and I have a moment. Peter Cancro's 5 Key Lessons From Managing a Billion Dollar Franchise Corporation for 43 Years 1. Can you talk a little bit about the transition in your mind as the owner and the founder from a small business to a medium business, to a large business? Thats the way it is and I say, I started when I was fourteen, sprinkling, wrapping, like you and what youre doing. Youve got a small family nucleus that youre a part of. A leadership style is pulling people along and its amazing. 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. Its the small things and Im sure it was the small things that achieve victory way back when and its now as well. Their owners sponsor them, the franchise owner. Ours is, Youve got to go to work. Two people work for 2.5 months and a third person works for 1.5 months. I talk a lot with people I work with about people, process and technology. In 1991, we were on a rise. He used his private equity firm, Cerberus Capital Management, to scoop up both Chrysler and GMC in 12 months, held them and sold them. Bumpouts in Byram? Everybody loves Jersey Mikes. Noted New York Times journalist and author Sarah Lyall will join Goodwin in a conversation about the themes in Goodwins book, Leadership in Turbulent Times, including the 2020 presidential election, inauguration and the impact of the U.S. on world affairs. They both have places in Florida. Her brother, Bud Thorne, was killed in the Battle of the Bulge. 91, 92, 93, we didnt grow, but we took care of what we had. 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. Peter Cancro Wife 2021, Wiki, Bio, Age, Net Worth, First Wife Its coordinated to the timeframe to open the store. Its making a difference in someones life. What do you expect from those that sit around you? You didnt check all these boxes. 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. Its not so much compliance. But a closer look at Trump's patterns and relationships reveal a man who seeks privacy. Its part of what I saw and received as an athlete. It brings down the house anytime you watch it. It started to happen. 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. The opening, were there for a couple of weeks with the people and training, teaching and coaching. The right team assembled and kept working and slowly but surely, it started rising up. 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. Youre not above them, youre with them. 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. Initially, we had three weeks training and they were going to open a store and now, its almost three months. In 1943, the Allied Forces determined a new type of leader was required to win World War II. Its like football season. In each market, restaurant owners select charities that support local neighborhoods and build a stronger community. Most of us have been involved in youth sports or group encounters, whether its in the band or music. At the first nationwide fundraiser in 2011, all of Jersey Mike's 454 locations raised $600,000 for 66 charities. (View/download b-roll). Were on the business. Its to see all those owners get it. In 2019, it was over $7.5 million. In 1975, at the age of only seventeen, Peter raised $125,000 to purchase the single-store sandwich shop called Mikes Subs. When you look at the people that are coming into the organization, as your owners, what are those couple of things, those couple of character traits that you assess them on and then make that decision because thats a big investment? I applaud the efforts that youve made. 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. Where the need was, we went after it. We think well have about 25 stores opening up within 2022 and then we hope to get the 50 to 100 deals a year. I sensed and knew that to make the subs a slice of fresh, theres a lot of training involved. Its what we continue to do going forward. 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. 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. How do we be genuine? Were going to be the national sponsor. For questions, contact Erin O. Crosby at [emailprotected] or call 203-869-6501, Ext. The workers coming in are like, Whats happening? Its incredible service and support, but it has to be. It doesnt have to be that big. Leadership is about getting people to do things because they wanted to, not because you told them. 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. If youve had to work for it like most of these guys, it helps you understand." Everything thats rung up goes to that local charity. You win a game, whats the next game? 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. In each episode, I speak with trailblazers who have earned success through a dedication to talent development, preparation, introspection and the drive to get things done. Peter Cancro has been working as a Chief Executive Officer at Jersey Mike's Subs for 52 years. Thats always been the mentality and now were here to serve our owners. We keep it real. But the people around him haven't changed much. WebSupply Quality Product peter cancro political party the lowest price - uckg.or.ke peter cancro political party the lowest price. It was a lot of emotion in the room, owners and peers, and it was an unbelievable time. Do people come in and say, Thats Peter.. Ruddy's Newsmax Media always gave Trump a favorable forum. So many times, the commercials are not a reality, especially when you have an owner whos in, but with you, it is. If you think about it, the same culture, ethics, morals coming in with us. He went through this. Everything that happened to me, happened to him. Its so touching seeing everybody from all walks of life, every race, creed, religion, everybodys there to support our service members. I first found out about it from a friend, Edith Knowles, who lived in a nearby town. We'd love to learn more about you, your team, and your challenges.Talent War Group is ready to help. I welcome them to run ahead of me. Since then Linda has become one of Trump's closest female friends. Is 2023 the Year Looted Art Returns Home? Cancro also has launched a program to provide funding for young restaurant workers who want to own their own restaurants. I thank you for everything that youve done and for joining me here. 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. You operate under this value of put others first before yourself and you have different programs for different levels within the organization. Thats critical. I would look at this thing and Id be off the wall. Youre seventeen. I didnt know what direction to go and thats when I went over to my coachs house and called him up. We may earn commission on some of the items you choose to buy. 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. Its so much work and involved. I dont know why but I pushed back. Our growth for the next three years is going to be bigger and stronger than the last ten. Everything at Jersey Mikes has a process down to every single detail. Ill start working with the crew. The exact formula or science, as soon as you figure that out, the better. Jersey Mikes mission statement is giving making a difference in someones life, and its motto is raising up together.. How do you train those around you and what do you expect from those around you? We forecast it over $10 million in 2022. We were willing to help people that were out of jobs and work, and then we kept pushing. Weve raised millions for Wreaths Across America. Newsmax leaned to the right before it was even slightly cool. For more information, visitjerseymikes.comor follow us on Facebook (facebook.com/jerseymikes), Instagram (instagram.com/jerseymikes), and Twitter (twitter.com/jerseymikes.com). Code name Jedburghs three-man teams parachuted behind enemy lines onto the shores of occupied France during the nighttime hours before D-Day. 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 Today, that shop has grown into the over one-thousand-location sandwich franchise, Jersey Mike's Subs. Can you talk a bit about that initiative? North Carolina happened and they were on a boom, then we opened up and stores started growing. On a store level and thats where we always go. Wreaths Across America is one of the many initiatives that you have, but a big one for veterans. What are the three things that you have to do every day to be successful and win? Thats a tough decision. We always advertised on sports. It instantly builds this credibility. Thats what we look for and embrace and see. Its part of my life. Thank you. The crew and them, they were into it. Youve got to guesstimate how many subs youre going to sell a day. The very first week, we cut our royalty and marketing fees in half. Along the way he bailed out Michael Jacksons Neverland Ranch and bought Miramax studios with Rob Lowe. Were four years in and youre at the 2,000 stores that youre closing on the $2 billion. 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 was a good fast slicer. Peter, thanks for joining me. If you bring them in and they demonstrate those, you can then train them. 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. Right away, I said, Youve got to hold onto your cash. One night, we had 1,000 people online going through the payroll protection where they had to figure it out page by page. Lorber and Trump's friendship goes back 30 years in the New York real estate game. We give 3% of the sales for three years. Everybodys got the money, but who understands? 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. Thats the culture that was there at Mikes. Peter Cancro is the Founder and CEO of Jersey Mikes Subs. What are you doing getting the money? Rudy Giuliani and Donald Trump pose with jackhammers at the groundbreaking for the Trump International Hotel and Tower in New York in 1995. Its a small town, Point Pleasant, an hour South of New York. I always say, Where did you go to high school? They look at you a little funny. Thats so mature to think about at seventeen years old. Peter Cancro became the the fourth owner in 1975 of Jersey Mikes Subs, founded in 1956 on the Jersey Shore. Theyre looking out to help one another. Years back, we put a wreath on every tomb in Arlington Cemetery. 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 want to talk about your leadership style because thats an important part of this story. Ive got to tell you, Im announcing the Coach Rod Smith Sponsorship Award because my coach gave me a shot. I saw that we were again flat-lined and lost a lot of sales every year. /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: . When I think about what you do, I think about Jersey Mikes and how you approach everything. It was negative sales. I first went out trying to raise the capital and I found out this is more difficult than I thought. We went city to city and you would think that they would find out about it but for some reason, they didnt. She was very confident and she had the energy. Thats $75,000 per store. To the mass, I said, This is how I got in. Thats all I ever say and thats how we win by serving our public. There were a couple of groups that wanted to do something, but they couldnt and I kept going. Its great to hear and all that, but its what we do. You talked about bringing new people in. It was over $7 million in 2020 and the goal in 2021 is $8 million? 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. 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. Entrepreneur Magazine has ranked Jersey Mikes #7 in the 2021 Franchise 500 Ranking. That has continued into the pandemic. Were going to go over $2 billion in sales. A friend of mine, Sarah Palisi Chapin, went to Purdue. Look at your community and nominate people that are doing incredible things. Ive got to get out there and do it. Somehow, we pulled it off and kept pushing harder than ever during that time. This is our business. The training is cool. I knew they didnt have much money. I tell a lot of people that I work with companies, teams, and organizations that nobody cares what you did yesterday. 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. Being ready, being prepared, focusing on all the details and thats how victory comes.
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