Peter Cancro is a famous American entrepreneur and businessman who has a net worth of $400 million. He is best known as the 4th owner of a submarine sandwich chain named Jersey Mike’s Subs. Moreover, it has 1910 stores active in the United States.
Keep on reading to learn more about Peter Cancro. Find out how he ran his business and career to make massive wealth. Furthermore, know some information, such as his struggle, biography, education, early life, etc.
How much money does Peter Cancro make?
Peter Cancro earned a maximum of his money from Jersey Mike’s Subs’ business. The company makes around 2 billion dollars in revenue every year. Moreover, they donate up to 5 to 7 million dollars to charities.
Peter Cancro’s estimated yearly, monthly, weekly, daily, and hourly Income is given below:
- Yearly Income: $9 million
- Monthly Income: $750 thousand
- Weekly Income: $173.08 thousand
- Daily Income: $24.66 thousand
- Hourly Income: $1.03 thousand
How does Peter Cancro make money?
Peter Cancro is a hardworking businessman and an entrepreneur. By opening thousands of stores all over the United States, he reduced the unemployment problem. All the activities of Peter Cancro’s career are divided below into some points:
- Entrepreneur and Businessman
- YouTube Personality
Earnings as an Entrepreneur
Peter Cancro worked as a part-timer at Mike’s Submarine from a very early age. In 1975, the previous owner put on a sandwich shop, Mike’s Subs, near his part-time job. With the help of the football coach, also a banker, Peter Cancro bought the shop for 125 thousand dollars. Now, he is the CEO and owner of the shop.
Though Peter Cancro bought Mike’s subs shop in 1975, he started franchising his shop in 1987. Until 2014, the shop had 750 locations, and additional 650 shops were under development.
In 2015, Jersey Mike’s Subs had reached the milestone of thousand shops all over the United States of America. Now, the shop has up to 1900 locations where one can find a store.
Furthermore, Jersey Mike’s Subs has crossed the International boundary. It has 3 shops in Queensland, Australia, and 2 shops in Ontario, Canada.
Making Money from Business
At the age of 14, Peter Cancro worked at Mike’s Submarine as a cashier. He made up to 1.75 dollars a day.
When Peter Cancro was a teenager, there was no Burger King or McDonald’s. So, after starting the shop, Jersey Mike’s Subs, he could easily earn 40 thousand dollars a week as there was no market competitor.
Due to making a massive profit from this business, in 1987, he bought a second location for his shop.
Within a short time, Peter Cancro was able to make 35 shops in 1991. By expanding business in a short time, he faced bankruptcy. He did not want to lose his business. Thus Peter Cancro asked for help from many people in the Northwest.
But no one gave him money. Therefore, he had to work 24/7 to hold his business together.
Soon after a year, Peter Cancro was able to overcome his bad situation. Thus all his hard work and struggle paid off. Besides, he learned a lesson to be frugal.
Earnings from YouTube
Peter Cancro has a YouTube channel named after his company, Jersey Mike’s. He opened the account in 2012. The account has not many subscriptions, but the videos have got a total of 56 million views.
Besides, the channel has a total of 159 video content. Peter Cancro earns from 12.1 thousand dollars to 194. 2 thousand dollars YouTube ad revenue per year.
Biography of Peter Cancro
|Full Name||Peter Cancro|
|Professional Name||Peter Cancro|
|Date of Birth||15 May 1957|
|Place of Birth||New Jersey, United States of America|
|Marital Status||Married (married twice and once divorced)|
|Former Wife Name||Linda Cancro|
|Present Wife Name||Tatiana Voevodina Cancro|
|Profession||Businessman and Entrepreneur|
|Net Worth||$400 million|
The early life of Peter Cancro
On 15 May 1957, Peter Cancro was born in New Jersey, United States of America. He spent his childhood in his birthplace. Anyway, Peter Cancro has a brother named John Cancro.
At 17, Peter Cancro completed high school and got married to his first wife named Linda Cancro. But after a decade of their marriage, they got divorced. Moreover, Peter Cancro and his first wife, Linda Cancro, had 2 children together.
Real Estate of Peter Cancro
Peter Cancro and his wife, Tatiana Voevodina Cancro, bought a 4 bedroom home unit for 15.68 million dollars. In addition, the home is located at 11 east, 68th street, New York, United States.
At the age of 14, Peter Cancro worked at Mike’s Submarine as a part-time job. In 1975, he bought a sandwich shop near his part-time job. So, Peter Cancro named it before his job place’s name as Mike’s subs. Later in 1987, he added a prefix, Jersey, while starting a franchise to notify it is a New Jersey-based shop.
Jersey Mike’s Subs uses top-quality brand meat and cheese. Moreover, their bread quality is excellent as they bake it every day. Again, Jersey Mike’s Subs shops are very much hygienic, which makes customers worry-free before eating.
Jersey Mike’s Franchise owners and operators earn around 75 thousand dollars a year on average. But there are some shops which make up to 100 thousand dollars per year. Thus Peter Cancro’s Jersey Mike’s is quite profitable.
- https://www.jerseymikes.com/ — Peter Cancro’s Jersey Mike’s Subs Official Website
- https://socialblade.com/youtube/user/jerseymikestv — Jersey Mike’s YouTube Stats Social Blade
- https://www.forbes.com/search/?q=Peter%20Cancro&sh=1e4dc5bf279f – Peter Cancro News Forbes