Peter Cancro: From Teen Sandwich Slicer to $3 Billion Empire Builder

In a world where business empires are often built in boardrooms, Peter Cancro built his legacy behind a sandwich counter.

His journey began in Point Pleasant, New Jersey, where, at just 14 years old, he started working at a local sub shop. Most teenagers would see it as a part-time gig, a way to earn a little pocket money. But for Peter, it was the beginning of something far greater.

By the age of 17, when most teens were focused on school dances and graduation, Peter was dreaming bigger. The owner of the sub shop decided to sell the business, and Peter saw an opportunity. But he didn’t have the funds.

So he turned to someone unexpected: his high school football coach, who also happened to be a banker. Believing in Peter’s drive and potential, the coach loaned him $125,000 to buy the shop.

It was a bold move—and it paid off.

Peter didn’t just run the business; he poured everything he had into it. His passion for quality, community, and customer service laid the foundation for what would become a global sandwich empire. That single shop evolved into Jersey Mike’s Subs, a brand now recognized across the United States and beyond.

As of today, Jersey Mike’s has over 2,500 locations and is valued at more than $3 billion. What makes the story even more remarkable is that the company has stayed true to its roots: hand-sliced meats, fresh ingredients, and a strong sense of community.

Peter’s leadership philosophy is simple yet powerful: put others first, and success will follow. Jersey Mike’s is also known for its strong culture of giving, including its “Month of Giving,” during which millions are raised for local charities.

Peter Cancro’s story is more than a business success—it’s a lesson in belief, grit, and staying grounded. He proves that age is just a number when it comes to ambition, and that with vision and support, even a teenager can build a billion-dollar legacy.