This New Jersey Billionaire Is A Hometown Hero
发布时间 2024-08-05 15:25:48 来源
摘要
After borrowing $125,000 to buy his local sub shop at age 17, Peter Cancro has built Jersey Mike’s into one of the nation’s fastest-growing fast-food brands, on track to hit nearly $4 billion in systemwide revenue this year from 3,000 locations (99% of them franchisees).
It’s also made Cancro a supersized fortune. Including both the value of the business and his share of dividends paid out over the years, Jersey Mike’s sole owner is worth an estimated $5.6 billion. That’s more than Mark Cuban or Steven Spielberg, and twice as much as Jimmy John’s founder Jimmy John Liautaud.
Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/07/28/6-business-lessons-from-jersey-mikes-billionaire-peter-cancro/
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