Jersey Mike's Subs

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Jersey Mike's Franchise Systems Inc.
Jersey Mike's Subs
TypePrivate
IndustryRestaurants
GenreFast Casual
Founded1956; 65 years ago (1956) in Point Pleasant, New Jersey
FounderPeter Cancro
HeadquartersManasquan, New Jersey, U.S.
Number of locations
Increase 1,910[1] (2020)
Area served
  • United States
  • Canada
  • Australia
Key people
  • Peter Cancro (CEO and Founder)
Products
  • Subs
  • Beverages
RevenueIncrease $1 billion (2018)[2]
ParentA Sub Above, LLC.
Websitejerseymikes.com

Jersey Mike's Franchise Systems Inc., doing business as Jersey Mike's Subs, is an American submarine sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike's franchise has 2,034 locations open[1] and many more in development across the United States each week. Outside of the United States, there are three locations in Queensland, Australia, and two in Ontario, Canada.[3][4]

History[]

At age 14, Peter Cancro of Point Pleasant Beach, New Jersey, took a part-time job at Mike's Submarines, a neighborhood sandwich shop in the adjacent borough of Point Pleasant but only a few blocks west of Point Pleasant Beach High School, founded in 1956, and then on its third owner. When the shop went up for sale again in 1975, Cancro's mother suggested he buy it. With help from a high school football coach who was also a banker, Cancro, then 17 and a high school senior, pulled together $125,000 in three days.[5] Today, Cancro is the owner and CEO of the company.

Cancro began franchising the restaurant in 1987. By 2014, it had 750 locations, with an additional 650 in some stage of development.[6] In 2015, 197 new locations opened and the total number of Jersey Mike's locations exceeded 1,000.[7] Jersey Mike's locations are gaining a larger presence on the West Coast, particularly Southern California.

Product[]

A "Jersey Shore's Favorite"—provolone, ham, and cappacuolo—on white bread

Like the original Mike's store in 1956, each Jersey Mike's Subs serves submarine sandwiches made to order, slicing the meats and cheeses as needed. A popular way to top off the sandwich with condiments is to order it "Mike's Way", which involves sliced onions, shredded lettuce, tomatoes, oregano, salt (spices) and "The Juice"—a mixture of red wine vinegar and olive oil. There is also a signature cherry pepper relish.

Some Jersey Mike's locations also serve various breakfast sandwiches during the morning hours, including sandwiches made with Taylor Pork Roll, a New Jersey product.

Prospective store managers are sent to the location of the original store in Point Pleasant for part of a six-to-eight-week training course.[3]

See also[]

References[]

  1. ^ a b "Jersey Mike's Subs location count". Entrepreneur. Retrieved 23 January 2020.
  2. ^ "How Jersey Mike's CEO Turned $125,000 Into $1 Billion". Jersey Mike's. March 15, 2018. Retrieved August 17, 2021.
  3. ^ a b Cavanaugh, Bonnie Brewer (2000-02-14). "Jersey Mike's chases national dream, taps founder's 'share-your-life' motto". Nation's Restaurant News. Vol. 34 no. 7. p. 24. Retrieved 2017-06-04.[dead link]
  4. ^ "Locations". Jersey Mike's.
  5. ^ Schools, Dave. "How Jersey Mike's CEO Turned $125,000 Into $1 Billion". Inc.com. Retrieved 6 August 2021.
  6. ^ Kulikowski, Laurie (2014-02-25). "Jersey Mike's Subs Is Revving Up for Franchise Expansion". TheStreet. jerseymikes.com. Retrieved 2017-06-04.
  7. ^ "Jersey Mike's Finishes 2015 with Strong Unit Growth". QSR magazine. 2016-01-26. Retrieved 2017-06-04.

Further reading[]

External links[]

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