#9 on the Franchise 500: Jersey Mike's Succeeds By Supporting Its Franchisees
The #9 company on our Franchise 500 list recommitted to franchisee training in 2018, conducting more than 1,000 classes and launching a new management platform.
by Patrick Carone
Jan 01, 2019
2 minutes
Started franchising:1987
Total units: 1,483
Cost to open: $178.5K–$746.3K
The origin story is straight out of a Hollywood movie. In 1975, a high school senior named Peter Cancro knocked on his football coach’s door and asked for a loan potential, the 17-year-old made his case. Coach Rod Smith, who was also a banker, saw something in the budding ; he loaned Cancro $125,000, and Mike’s Subs had a new owner -- one who, under state law, was still too to operate a slicing machine.
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