Jersey Mike's Subs

Last updated
A Sub Above, LLC
Jersey Mike's Subs
FormerlyMike's Submarines (1956-1975)
Company type Private
Industry Restaurants
Genre Fast Casual
Founded1956;68 years ago (1956)
Point Pleasant, New Jersey
FounderPeter Cancro
Headquarters,
Number of locations
Increase2.svg 2,557 (2023)
Areas served
  • United States
  • Canada
  • Mexico
Key people
Peter Cancro (CEO)
Products
RevenueSteady2.svg US$974.1 million (2021)
OwnerPeter Cancro
Number of employees
19,000 (2021)
Website www.jerseymikes.com
Footnotes /references
[1] [2] [3] [4]

A Sub Above, LLC , doing business as Jersey Mike's Subs, is an American submarine sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike's franchise has about 2,000 locations. [3] Outside of the United States, there is one location in London, Ontario, Canada and one location in Guadalajara, Jalisco, Mexico.

Contents

History

In 1971, 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, at 1009 Trenton Avenue. The eatery, founded in 1956, was only a few blocks west of Point Pleasant Beach High School, 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] [4] [6] 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. [7] In 2015, 197 new locations opened and the total number of Jersey Mike's locations exceeded 1,000. [8] Jersey Mike's locations are gaining a larger presence on the West Coast, particularly Southern California. The original Jersey Mike's location on Trenton Avenue is still used as a training center for the company.

In January 2024, the company announced a major expansion into Canada with Redberry Restaurants, a large Canadian restaurant operator, in what would be the first major international expansion. The goal was for 300 restaurants over 10 years. [9]

Products

Like the original 1956 Mike's store, each Jersey Mike's Subs restaurant serves submarine sandwiches, which are made to order slicing the meats and cheeses as needed. Ordering a sandwich "Mike's Way" tops it with sliced onions, shredded lettuce, tomatoes, oregano, salt (spices) and a mixture of red wine vinegar and olive oil. There is also a signature cherry pepper relish.

A "Jersey Shore's Favorite"--provolone, ham, and cappacuolo--on white bread Jersey Shore's Favorite at Jersey Mike's (provolone, ham, and cappacuolo).jpg
A "Jersey Shore's Favorite"—provolone, ham, and cappacuolo—on white bread

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

Advertising

Beginning in September 2022, Jersey Mike's featured actor Danny DeVito, who grew up a few miles away from the original Jersey Mike's, in a series of radio and television commercials as the company's first celebrity spokesman. [10] [11]

See also

Related Research Articles

<span class="mw-page-title-main">Submarine sandwich</span> Type of sandwich originating from the United States

A submarine sandwich, commonly known as a sub, hoagie, hero, Italian, grinder, wedge, or a spuckie, is a type of American cold or hot sandwich made from a cylindrical bread roll split lengthwise and filled with meats, cheeses, vegetables, and condiments.

Subway IP LLC, doing business as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut. After several name changes, it was renamed Subway in 1972, and a franchise operation began in 1974 with a second restaurant in Wallingford, Connecticut. It has expanded to become a global franchise.

<span class="mw-page-title-main">Danny DeVito</span> American actor (born 1944)

Daniel Michael DeVito Jr. is an American actor and filmmaker. He gained prominence for his portrayal of the taxi dispatcher Louie De Palma in the television series Taxi (1978–1983), which won him a Golden Globe Award and an Emmy Award. He plays Frank Reynolds on the FXX sitcom It's Always Sunny in Philadelphia (2005–present).

Quiz Holdings, LLC, doing business as Quiznos, is an American franchised fast-food restaurant based in Denver that specializes in offering toasted submarine sandwiches. It was founded in 1981 by Jimmy Lambatos and sold to Rick and Richard Schaden ten years later. It then grew to nearly 5,000 restaurants; by 2013, Quiznos was the second-largest submarine sandwich shop chain in North America, behind Subway. It filed for bankruptcy in 2014; by 2016, it had dropped to ninth place, and the number of Quiznos locations in the United States fell from a 2007 high of 4,700 to just 400 a decade later.

<span class="mw-page-title-main">Mr. Sub</span> Canadian restaurant chain

Mr. Sub, called Mr. Submarine before the 1990s, is a Canadian chain of over 200 submarine sandwich shops. The first store was opened in 1968 in Toronto's Yorkville neighbourhood, which was then known for its "hippie" culture.

<span class="mw-page-title-main">Firehouse Subs</span> US-based restaurant chain

Firehouse Restaurant Group, Inc., doing business as Firehouse Subs, is a Canadian-owned American fast casual restaurant chain based in Jacksonville, Florida that specializes in submarine sandwiches. It was founded in 1994 by former firefighter brothers Chris and Robin Sorensen. Since December 15, 2021, it has been a subsidiary of Restaurant Brands International, which also owns the chains Burger King, Popeyes, and Tim Hortons.

<span class="mw-page-title-main">Potbelly Sandwich Shop</span> American fast-casual restaurant chain

Potbelly Corporation, more commonly known as Potbelly Sandwich Shop or Potbelly Sandwich Works, is a publicly traded American fast-casual restaurant chain that focuses on submarine sandwiches and milkshakes. Potbelly was founded in 1977 in Chicago, and its name refers to the potbelly stove. Potbelly's menu features a variety of sandwiches that are all served hot, and the menu includes soup, shakes, smoothies, potato chips and cookies. Some locations formerly presented live music from local musicians during the lunch hours.

<span class="mw-page-title-main">Jimmy John's</span> American sandwich chain

Jimmy John's is an American sandwich chain headquartered in Champaign, Illinois. The business was founded by Jimmy John Liautaud in 1983. After Liautaud graduated from high school, his father gave him a choice to either join the military or start a business. Liautaud decided to start a hot dog business, which changed to sandwiches due to costs.

<span class="mw-page-title-main">Qdoba</span> Restaurant chain

Qdoba is a chain of fast casual restaurants in the United States and Canada serving Mexican-style cuisine. After 15 years as a wholly owned subsidiary of Jack in the Box, the company was sold to a consortium of funds led by Apollo Global Management in March 2018. In October 2022, Qdoba was acquired by Butterfly Equity. At the time of the acquisition, Qdoba had nearly 750 locations across North America. It is the No.2 player and No.1 franchisor of Mexican fast-casual dining in North America.

<span class="mw-page-title-main">D'Angelo Grilled Sandwiches</span> American sandwich restaurant chain

D'Angelo Grilled Sandwiches is a chain of 83 neighborhood-style sandwich shops found in Massachusetts, New Hampshire, Maine, Rhode Island, and Connecticut. D'Angelo Grilled Sandwiches was founded in Dedham, Massachusetts in 1967. It serves various kinds of grilled and deli sandwiches, rice and grain bowls, lobster rolls, grilled topped salads, wraps, and hot soups. The company's grilled sandwich Number 9 was called "the finest fast-food sandwich in the land" in a Bloomberg News column.

<span class="mw-page-title-main">Blimpie</span> American submarine sandwich chain

Blimpie International, Inc., doing business as Blimpie, is an American submarine sandwich chain based in Scottsdale, Arizona. It was founded in Hoboken, New Jersey, in 1964, by three friends, and has since endured three ownership changes.

<span class="mw-page-title-main">Shake Shack</span> American fast casual burger restaurant

Shake Shack is an American fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.

<span class="mw-page-title-main">Capriotti's</span> American fast casual restaurant chain

Capriotti's Sandwich Shop, Inc. is a fast casual restaurant chain in the United States. The restaurant chain was founded in Wilmington, Delaware in 1976. Capriotti's has 112 company-owned and franchise locations in 27 states.

<span class="mw-page-title-main">Cousins Subs</span> American restaurant chain

Cousins Submarines, better known as Cousins Subs, is a Milwaukee, Wisconsin-based sub sandwich shop with more than 100 locations, founded in 1972 by cousins Bill Specht and Jim Sheppard. Cousins Subs is a regional chain with restaurants in Wisconsin, Illinois, and Indiana.

<span class="mw-page-title-main">Erbert & Gerbert's</span> Restaurant franchise in the United States

Erbert & Gerbert's Sandwich Shop is a restaurant franchise specializing in submarine sandwiches. The chain was founded in Eau Claire, Wisconsin in 1987, with the first store opening in 1988. The company has more than 50 locations throughout Arizona, Colorado, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Ohio, Texas and Wisconsin, as well a single location in both North Carolina and Georgia. Its headquarters are in Eau Claire, Wisconsin. Their shops are often located near college areas.

<span class="mw-page-title-main">Cuisine of New Jersey</span> Cuisine of the State of New Jersey

The cuisine of New Jersey is derived from the state's long immigrant history and its close proximity to both New York City and Philadelphia. Due to its geographical location, New Jersey can generally be divided by New York City cuisine in the northern and central parts of the state and Philadelphia cuisine in the southern parts. Restaurants in the state often make use of locally grown ingredients such as asparagus, blueberries, cranberries, tomatoes, corn, and peaches. New Jersey is particularly known for its diners, of which there are approximately 525, the most of any state. Various foods invented in the state, such as the pork roll, and salt water taffy, remain popular there today.

<span class="mw-page-title-main">Tubby's</span> American restaurant chain and franchise

Tubby's is an American restaurant chain and franchise based in Clinton Township, Michigan, a suburb of Detroit, Michigan. Founded in 1968 in nearby St. Clair Shores, the chain operates more than 70 stores throughout Michigan, primarily in the Detroit metropolitan area. The chain primarily serves submarine sandwiches and salads, own specific chips, along with soft drinks, french fries and soup, and is known for its grilled subs.

Kahala Brands is a wholly owned subsidiary of Canada-based MTY Food Group Inc. of Montreal, Quebec. Based in Scottsdale, Arizona, Kahala is one of North America's largest holding company of franchise fast food restaurant companies. In May 2016, the publicly traded Canadian MTY Food Group announced a friendly takeover deal with the Kahala Brands. MTY agreed to pay about US$300 million to acquire Kahala. The two companies generated nearly $2 billion in revenues in the previous year. Jeff Smit was chosen to lead the US operations of MTY.

References

  1. https://www.inc.com/dave-schools/how-jersey-mikes-ceo-turned-125000-into-1-billion.html [ bare URL ]
  2. "Peter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography". Bloomberg.com. Retrieved 2022-11-26.
  3. 1 2 "Start a Jersey Mike's Subs Franchise in 2024". Entrepreneur. Retrieved 2022-01-26.
  4. 1 2 Schools, Dave (2018-03-15). "How Jersey Mike's CEO Turned $125,000 Into $1 Billion". Inc. Retrieved 2022-01-26.
  5. "Peter Cancro, Founder/CEO, Jersey Mike's Subs". 13 June 2022.
  6. "Lessons From the Sub Shop". The New York Times. 2010-06-05. ISSN   0362-4331 . Retrieved 2022-01-26.
  7. Kulikowski, Laurie (2014-02-25). "Jersey Mike's Subs Is Revving Up for Franchise Expansion". TheStreet. Retrieved 2022-01-26.
  8. "Jersey Mike's Finishes 2015 with Strong Unit Growth". QSR magazine. 2016-01-26. Retrieved 2022-01-26.
  9. "Jersey Mike's plans major expansion in Canada with Redberry Restaurants". Nation's Restaurant News. 2024-01-17. Retrieved 2024-01-17.
  10. Shaw, David."DeVito! Although He Has a Penchant for Dark Comedies, Actor-Director Danny DeVito Is Serious About His Craft, His Family and His Cigars" Archived 2007-04-04 at the Wayback Machine , Cigar Aficionado profile, accessed May 2, 2007. "Danny DeVito was born in 1944 in the shore town of Neptune, New Jersey—hence the name of his production company—and raised in neighboring Asbury Park, the youngest of five children (two of whom died before he was born)."
  11. "Campaign Trail: Jersey Mike's Subs serves up authenticity with Danny DeVito". Marketing Dive.