After Nearly Going Bankrupt, How Franchise Jersey Mike's Fought Back and Won
CEO Peter Cancro learned to prepare for the worst, which set him up for lasting success.
One night in 1975, 17-year-old Peter Cancro knocked on his high school football coach’s front door in Ocean County, N.J. Cancro, a senior and the team’s quarterback, was there to ask for a to buy the sub shop he’d worked at for the past four years. Hours later, Cancro left with the loan, a seven-year payback plan and the intent to
