• 2014 Distinguished Business Leader

    Peter Cancro
    Founder and Chief Executive Officer 
    Jersey Mike's Franchise Systems

    Peter Cancro Image

    Peter Cancro is the founder and chief executive officer of Jersey Mike's Franchise Systems, operating more than 740 restaurants in 35 states from New Jersey to California.

    A 1975 graduate of Point Pleasant Beach High School, Peter was captain of the football team and class president. He began his business career as a high school student in 1971, working at a local eatery called Mike’s Subs. In March of his senior year, he gave up a potential college football career to buy the sub shop, crediting his football coach and area banker Rod Smith with making his success possible.

    In 1987, Peter changed the name of the original Mike's Subs to Jersey Mike's and began expanding the franchise.  Peter's current goal is 1,000 restaurants, both nationally and internationally, within the next three years.

    One of the secrets to Peter's success is his philosophy of giving. Charities, hospitals, school systems, and numerous individuals have benefited from his support. It's a philosophy that he has emphasized to every Jersey Mike's franchise owner:  Support the community that supports you.

    • In 2013, Jersey Mike's raised more than $280,000 for local high schools, hospitals, and organizations as part of fundraisers celebrating the openings of 140 new locations across the country.
    • In March 2013, Jersey Mike's 3rd Annual "Month of Giving" raised $1.7 million for 86 local charities. Since the program began, Jersey Mike's has raised more than $3.2 million for local causes.
    • In the fall of 2013, Jersey Mike's raised more than $300,000 for Wreaths Across America, helping the nonprofit organization lay hundreds of thousands of remembrance wreaths at the headstones of the nation's veterans during the holiday season.
    • Together with their customers throughout the country, Jersey Mike's raised more than $100,000 for the FoodBank of Monmouth and Ocean Counties benefiting victims of superstorm Sandy.