In the small town of Point Pleasant, New Jersey, there is a hometown hero who has not only built a successful business empire but has also given back to his community in a big way. Peter Cancro, the founder and sole owner of Jersey Mike’s, started his journey at the young age of 17 when he borrowed $125,000 to buy his local sub shop.
From that humble beginning, Cancro has turned Jersey Mike’s into one of the nation’s fastest-growing fast-food brands, with nearly $4 billion in systemwide revenue expected this year from 3,000 locations, 99% of which are franchisees. This incredible success has also translated into a supersized fortune for Cancro, with an estimated net worth of $5.6 billion.
What sets Jersey Mike’s apart from other fast-food chains is Cancro’s commitment to giving back to the community. Through their annual “Month of Giving” campaign, the company has raised millions of dollars for local charities across the country. In addition, Cancro personally donates to various causes and organizations, making a real impact on people’s lives.
Cancro’s story is truly inspirational, showcasing the power of hard work, determination, and a commitment to helping others. He serves as a shining example of what can be achieved with a strong work ethic and a generous spirit. Jersey Mike’s is not just a successful business; it is a beacon of hope and positivity in the community.
For more business lessons and insights from Peter Cancro and Jersey Mike’s, check out the full story on Forbes. And remember, success is not just about making money but also about making a difference in the lives of others.
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Video “This New Jersey Billionaire Is A Hometown Hero” was uploaded on 08/08/2024 to Dailymotion Channel Forbes